• A/R clean up

    I was wondering if there was a way to move money from a journal entry that created a deposit months ago to a bank account and apply it to an outstanding invoice? The bookkeeper that I have taken over for never really paid any invoices and just created…
  • Accidentally reversed receipt for NSF cheque

    Hi There, A customer had some bank issues which caused many of his payments to be returned. He advised me of this in advance, but I had already processed and deposited his payment, which covered several invoices. He came in to rectify the situation…
  • HISTORICAL ACCOUNTS RECEIVABLE

    When setting up Sage 50 for us, our accountant's assistant did not add our accounts receivable historically and "got rid of the feather". I have been trying to add these entries historically but can't find a way of doing it. We have received payment for…
  • Year End Adjustments - Corrections to A/P or A/R

    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 -…
  • Reversing Old Invoices

    I am currently trying to reverse older invoices as opposed to writing them off to bad debt. I am able to pull up the old invoices, but upon clicking the "Reverse Invoice" button I receive a message that says "The transaction cannot be adjusted because…