Sage 50 Canada

Hello, I am in the process of entering historical transactions and have come to an impasse: What is the proper way to post pre-payments that clients have made towards open invoices and what is the proper way to post deposits we have paid our suppliers…

Hi there, I have received a second payment for a customer invoice that was already paid a couple months back. We receive the payments via EFT into the bank account not by cheque. I applied the second payment to another invoice the other day but the customer…

Hello everyone, Hope all doing well. I just figured it out this group and saw how much useful information it provides to sage users. I'm a last year student in accounting and currently working for a construction company in Ontario as well. Since there…

Probably a bit of a silly question, when in the receivable module>Receipt and the client pays via Interact I have to option to deposit into a few different places, it should go to Cash to be deposited or Sales Clearing Account or should I just make Account…

Hello, I'm wonder what is the best way to handle the CERB benefit for a sole-proprietor who is required to be closed? This considering that the Benefit is not ‘sales’ related. I assume that at the end of the year the owner will receive a tax remittance…

I took over accounting from someone who clearly did not know what they were doing. I have compared the G/L bank account with the bank statements, and having gone back 3 months now, the bank account closing balance in Sage is out by a large amount each…

I don't understand why I am getting this warning when trying to check off a deposit.

Hi everyone! I have just began as the treasurer for a not for profit organization in my town. I do have some basic accounting courses, however I am not sure how to deal with their Sage 50 Premium Accounting program, as someone has already set up a lot…

Hi there, I have a question about receiving/recording payments made by Visa/Mastercard. Someone previous to me has set up Sage to receive payment using the credit card feature with no discount fee, as the fee is only deducted monthly and it varies significantly…

I have 3 items appearing in my bank reconciliation from 2013 that I would like to remove. 1 is an item that was entered as an expense paid by cash from the chequing account but it was actually paid by cash from an employees personal account. The other…