• How do I Delete complete vendor, purchases and payments to start over.

    How do I Delete complete vendor, purchases and payments to start over. I added a new vendor Jan 1, 2024 and added purchases (pay later) and then payments. For some reason it is not working out and I want to delete the whole thing and restart. Can this…
  • fixed assets

    First time on here... How do I adjust the value of fixed assets? Specifically, the value of land and buildings owned by the company. Thanks.
  • Payroll corrections can you change/edit a comleted pay run?

    Ran a pay period with the new update, should have counted as december 2023 but instead put it into the new year so there are deductions that shouldnt have been on there and cpp.
  • Paycheque Entitlement Adjustment

    I track employee entitlements - vacation and sick days, and OT hours. I adjusted a previous paycheque, to correct an entitlement entry, then realized that employee had another entitlement change. When trying to adjust that employee's paycheque again,…
  • Payroll Tax Remittance

    My starting balance is incorrect in my remittance summary. I tried to adjust the payments part so it would zero it out but it didn't clear it out. How can I get it removed or adjusted?
  • Adjusting journal entries for previous years

    Help! I just noticed that on my review from the accounting firm they have indicated that I need to make journal entries for previous years to resolve the note on the year end adjusting journal entries sheet to address the comment "To record PY AJE not…
  • Vacation accrual adjustment for 2022 after the calendar year end is rolled over and T4's have been filed

    Hi Everyone, Hoping someone here can help put my mind at ease on what I believe I need to do. I have discovered that two employees should have had their vacation accrual % increase as of last September. I know to do this I simply need to correct the…
  • Year end adjustments to account payables

    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…
  • reversing bank charges from bank reconciliation

    I have posted bank charges in expenses tab in account reconciliation as of Oct 31. After year-end adjustments, my accountant asked me to move it for next year. For some reason this transaction was not showing up to him. How can I move it to November so…
  • varying pay periods

    Our normal pay period is bimonthly (24 pay days) One person's payroll does not make sense because some periods, his pay stub is correct (march1-15, then 16-30) but some months, the pay stub is incorrect (april1-15, then 25-31). The bi-monthly salary…
  • Prior Year Adjusting entry

    I need some insight on how to make adjusting entries for expense accounts from 2018 to 2019 that were not claimed for 2018 Taxes. I need to carry forward the amounts I made from receipts and Invoices that were charged and paid for in 2018. For example…
  • Need Help Please...Inventory costing nightmare

    Our year end is March 31 ......and we use average costing of inventory allowing for negative values. I cannot figure out how to fix this, and it's completely messing with my inventory and financial statements. What is creating this variance line? How…
  • paycheck issued in January for wrong amount and needs to be corrected along with CRA amounts

    I work with Sage 50 Canadian Edition 2019.2 I have two paychecks that were posted in January with the wrong amounts. CRA remittance was paid based on these wrong figures. I need to correct in order to reconcile the account and do not know how to post…
  • Fix Inventory count without adjustments?

    FormerMember
    FormerMember
    I realize this question may be very similar to others, I did look around though the forums... the answers to me didn't seem like they were what I was looking for, but I'm not an accountant in any stretch and started using Sage 3 weeks ago so please bear…
  • Can't process sales invoice due to cost of inventory items change

    Hi, all: While I modified a sales invoice, this is error message: "The cost of one or more items has changed since you started processing this transaction. If you recently printed this transaction's Detail report, reprint the report to see the effect…
  • Opening Balances in Departments

    FormerMember
    FormerMember
    Hi, I am transferring my company's chart of accounts from Accpac to Sage50, and need to enter opening balances in the chart of accounts. The company uses departments to separate accounts for different properties and I need to enter opening balances…
  • How do I correct an opening balance error in bank account?

    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…
  • Inventory and item cost problem

    Hi We have a problem with my inventory. We do house and buidling wiring. We sold and install different type of cable and sometime it's sold foot by foot or in a package and I have an ''service'' item for that purpose. Also since we are in canada…
  • LOC set up wrong

    The bookkeeper before me has the line of credit account set up as a cash account. So I am unable to record payments on it and account for it correctly. Sage will not let me simply change the account type to a liability. It is only giving me asset options…
  • Correcting a mistake that affects bank reconciliation

    Hello all, I am just getting back from a med leave and have found an error that my temp made. Wondering if anyone can help me out. We post a recurring entry each month, which is a direct deposit to us. I had posted Aprils payment before I left. However…
  • Cannot enter inventory adjustments. Help please?

    Using sage 50 premium accounting. I recently started at a place that has their inventory listed in sage. It is our year end now, and I can't make inventory adjustments to actual because: When their inventory items were originally entered, they entered…
  • Exchange gain/loss - revenue vs expense and GST/HST filing "sales and other revenue" line 101

    Should we actually be using 2 different accounts for exchange gain vs exchange loss? It doesn't matter for the bottom line, net income will end up the same either way: Hmm... seems you can only configure one for the program to use automatically for adjustments…
  • Repayment of EMployee benefit

    Hi We had an employee go on maternity leave, for just under a year. We continued to pay her medical insurance. There were no weekly entiries made, as it normally came off her check . Now that she is back, i need to figure out how to enter her payments…
  • Payroll was entered manual and now entering in module -- Different amounts

    Taking over a client who entered payroll in GJ from the online CRA payroll calculator. The journal entries have wrong calculations (for income tax) and one employee was CPP maxed but she continued to post/deduct. When I am re-entering the information…
  • Voiding an Invoice

    Hi everyone. I was hoping someone could help me or guide me on this situation. I have a customer who signed a contract and gave a deposit in 2015, however, same customer decided to cancel the job when we were ready to start this year. My question is…