Sage 50 Canada

Hi I am doing my current bank rec and realized that I that an outstanding check from 2 months prior had actually cleared in the month it was missed and I missed it..... What journal entry can I do to get it to clear the bank and not show up as an unresolved…

Hi, Looking for a bit of assistance in bank recs. I took over the bookkeeping for these accounts and these entries were done prior to me being here. The rec balances in that it agrees with the bank statement, all transactions are accounted for on the…

I made a prepayment to a vendor and recorded it. However, the vendor has now refunded the amount back to us. I'm not sure how to account for it at the moment, but the refunded amount has been deposited into our bank. any guidance?

I've set up several bank accounts in my chart of accounts but not all appear in 'Bank Accounts'. How do I get all the bank accounts to show in 'Bank Accounts:. I want to move away from manual bank reconciliations at month end.

I am brain-dead this morning. I have a new client, set up the Sage 50 for the first time, and have done several bank reconciliations for the current year starting with Apr1/23 as the first bank rec. Client now wants me to do the previous year - I…

hello I am making my entries in Banking, using the correct account, correct dates, etc and they all show up correctly in my general ledger, but when i go to reconcile account, there is nothing there except the first entry. I have been using Sage for…

I reconciled the bank statement for December 2023 in February 2024 and posted the reconciliation. Is it possible to change the reconciliation date after it has been posted?

Hi everyone. Does anyone import Visa statements and use an RBC Commercial Visa account? I have downloaded the OFX file from our bank. When I import it into Sage, it tells me we're about to upload 437 transactions. Which seems about right. However, only…

I am still waiting for an answer to my question 10 days ago. I started my 1st credit card rec. I entered all transactions from the statement and checked them off. Opening balance and ending balance from the statement. (GOOD) I am good with all postings…

I reconciled Dec 2023 general ledger and matched it with the bank statement. On Sage, I had unresolved amount of $39.26. I performed a bank adjustment entry for this amount But when I was reconciling general ledger from SAGE and bank statement for Feb…

Hello! I get issues every month while reconciling the bank statement. I always get unresolved, resolved and outstanding figures. Well luckily this time I have outstanding as 0 but resolved/unresolved always have figures. All the transactions are entered…

We started Sage 50 June 1, 2023 with an existing trial balance from May 31, 2023. I entered all the previous A-R and A-P and trial balance and outstanding cheques and receipts and still have unallocated funds. what and where do i search for them plea…

Owner is a sole proprietor how frequently deposits money into the business account and then repays himself when cash comes in. Previous bookkeeper did all the entries in GJ with only the business bank account attached. I'd like to create new bank accounts…

Hi There, Trying to figure out why an HST Cheque that was entered in a previous year (Sales invoice) is not coming up when I try to reconcile the bank statement? There were 6 in total deposited in the same month and entered, but when I bring up the…

I am currently in the process of rebuilding a company in SAGE 50 and have a few inquiries related to setting up the bank accounts, particularly addressing the input of outstanding/uncleared items. Thank you for your time. Appreciate your help in advance…

Hello, I have opened another bank account and have processed some cheques through it, however, when I do a print out to do a quick look what cheques have gone through.... they aren't showing up, only deposits and transfers. Have I missed something in…

I have uploaded an ofx file to bank services. While in the verify screen, it said there were transactions that might be duplicates. I could not see how to delete those specific transactions from in that screen, but I downloaded it anyway because in the…

Hi Everyone, I have a journal entry from 2020 that I want to remove from my list of items to reconcile. When I open it up to check the details it just says no Data to Report. It was a journal entry reversing another entry including several accounts…

My 2023 Dec actual RBC bank statement ends Dec 29th My fiscal year ends Dec 31 2023 there is no banking transactions in my online banking for Dec 30 or 31th. I have not yet received the Jan 2024 statement, obviously bc the month is not complete…

I just completed all my journal entries and went to reconcile my clients chequing account. It is appearing as -$3000 when it should be -$17.66. I printed out the g/L went through all the bank statements and the only discrepancy was that there was an amount…

All my A/R Receipts and my A/P Payments are not showing up in my bank reconciliation. I have doubled checked my general ledger for this bank account and all the transactions are there. How can I have these missing transaction appear under my reconciliation…

How can I reconcile bank statements going 2 years back. Can I do all the entries and then reconcile bank statements? What is the best way?

I accidentally posted 2 sales for the same amounts, once to the prior entity and then again after a name change. The deposit was recorded twice as well. Bank reconciliation still shows the 2nd deposit amount and I'm looking to clear that up, but don't…

Hi, I just noticed that one of the post-dated December cheques was cashed in November. How should I proceed with bank reconciliation in this situation? Many thanks!!

When I go to reconcile my US bank on Sage 50 it shows that I am reconciled , I process but it does not complete the step. It goes back to the screen as if I never processed. It has happened the last few months, so according to Sage I haven't reconciled…