Sage 50 Canada

Dear Community, I am only working with SAGE 50 for two weeks and are supposed to create the new year for 2024. However, the system won't let me do this and refers to the error messag below. The issue might be caused by using different currencies, however…

Sorry I am not sure is it the right forumn to ask , but I am having an issue on Simply Accounting Pro 2010. I finsih all the invoice posting and reconciliations for 2023, I am able to run the reports but it just not allow me to start the new year 2024…

Hello We have done the forwarding the year because we had to do our pays and we took out all the report as well done the back ups. But come to find out i have a payement that was done but not entered in the system for the pervious year. can i go back…

when i performed a new year process to close the 2022 calendar year to roll to the 2023 calendar year, the current year skipped from 2023 to 2024 (January 1 2024 is the new year). This is before closing 2022 year: When i force the year end date to…

I'm upgrading an existing company from an old Simply Accounting 2008 system to SAGE 50 2022 Pro. This company has a June year-end and is set for "no entries prior to Jul 1, 2021" - which implies to me that the year ending Jun 30, 2021 has been closed…

Hi everyone I am coming back to Sage Canada after a long hiatus and I seem to have forgotten some of the key points to fiscal year end that I need assistance with. My fiscal year end is Oct 31, 2022 (We run Sage 50 - Premium Accounting) I have payroll…

I'm installing a new SAGE 50 system for a company that has a June year-end and have a lot of work to do before I'm ready to close the books. Can I set up a new Company and have someone else enter the new year's transactions, then export just the transaction…

I work in an accounting office. For years, it has been our practice to ask clients for a copy of their latest .cab file when we do their yearend. This is an ordinary .cab file, made using the usual backup procedure. We are not asking for an 'accountant…

Hi This is the first time I am doing a year end in Sage and just have a few questions. How do I flip to the new month and will I still then be able to post in the prior year and continue in the new year. I think I read that you put a lock date when…

We bought a company who was using Simply. Their Year End was July 2018. We took over Oct 1st at which time their accountant took all the info up to Sept 30th and did a final ending statement. They told me to go ahead and continue using the program and…

Hi All; I have a client that recently started using Sage 50 Pro. When he created the company file, he input the Trial Balance values from the year end that he got from the accountant. This included an amount in A/P. Now he is trying to start his new…

Can i start my new fiscal year without printing out last years t4's. I've never done a new year on Sage and want to make sure i'm starting my new year properly and not ruining my chances to print off my 2015 t4's

I will need to add Code 77 to an employee's T4 form for monies we paid them but were reimbursed by WSIB. I file electronically. How can I do this?

Our year end will be Sept 30. Can we set the session date to Oct. 01 on Oct. 01 and continue to book items for September (Previous fiscal year). Being able to do this would be great as we can keep up with current October entries while still being able…

Check Data Integrity . Back up your company files: Reconcile Accounts - Do this at month-end, or when you receive your bank or credit card statement. Print Year-End Reports - Print reports as of the last day of the year. (Print the ones that apply…

This is a basic outline of what should be practiced everytime you start a new Calender year or advance to a new Fiscal Year. Check Data Integrity. Back up your company files. Print payroll reports; Payroll Transaction Detail Go to Reports…

When advancing your fiscal year or calendar year, it is important to create a backup. This should be named something that refers to the year end date or calendar year. The location should also be noted and saved in a safe place for future use. An example…

I'm not sure if this is even possible, but here is what I'm trying to do: Our fiscal year ends March 31st, 2014. We are a catering company and have a lot of events that happen in the summer, I am trying to enter the invoices to have the event date on…

I have Simply Premium 2012 I was changing the fiscal year to 2014 but ended up doing it twice and now am in 2015 instead of 2014. How can I change it to 2014?

We run Sage 50 Canadian. On advancing to Jan. 1st, I got and error message that "An error occurred while moving employees' year-to-date payroll information to last year. As a result, the new calendar year could not start." I tried the Advanced Data Check…

Hi new to this so please be patient. I am reviewing my Project Income Summaries for the year 2013 and noticed that not all Sales postings have reached this report. Does anyone have any idea what I must do to fix this? TKS KimatICR

In history mode there are "Historical Amount" columns. Here you can enter the present YTD amounts for all; Taxes, Incomes, Deductions, Entitlements, T4s and RL-1s. If you are not in history mode, one 'Historical YTD paycheque' needs to be created…

We use two different payroll accounts with CRA, example RP0001, RP0002. Can I file both of these electronically by using two different internet file transfer names, ie T4...01 and T4... 02. I have over 60 employees and do not want to file any by paper…

Hello, I'm attempting to do my first year - end and I'm coming across an issue with the data integrity check. I am showing that my advances / loans recieved and vacation pay balance do not match with the advances / loans paid and vacation pay owed…