Welcome to the Sage 50 Canada Support Group on Community Hub! Available 24/7, the Forums are a great place to ask and answer product questions, as well as share tips and tricks with Sage peers, partners, and pros.
Hello,
When I was doing the bank reconciliation, I realized that one of our vendor cheques was deposited in a wrong amount. The amount we issued was $153, while the bank statement showed $53 only, not sure if it's due to a misread of the bank teller…
I know there was few topics on similar issue but it seems I didin't find the answer.
I received following year end adjustments
Account payables Cr 20 000
consulting services Db 20 000
Since I cannot do adjustments to accounts payables without…
When the system was setup, the person who did the setup, opened the bank account with 50K CR instead of 50K DR. When I took over in January, I wanted to correct the opening bank balance. I went through the account setup and changed the opening balance…
I (foolishly) adjusted a payables invoice several months after I'd reconciled the Credit Card account from which I paid the invoice.I did this as part of my year end review of my books (year-end is Sept 30). (The adjustment was to move the expense to…
My accountant has requested a series of Adjusting Journal Entries, including adjustments to Payable and Receivable Accounts:
Here is a sample:
31/12/14 Accounts Receivable XYZ Inc - Account No. 1205 - Debit - 7592.20
31/12/14 Accounts Payable -…
