• How to Input a Grant?

    I need help! Our small business received a digital grant of $2500 which was deposited in December 2022. We did not make any purchases from this grant until January 2023. My questions:: How do I input this grant into Sage? I know that I have to put…
  • Which direct payments method: direct deposit and pre-authorized debit are available in Sage 50 Canada?

    Sage 50 Accounting Canada allows direct payments: direct deposit to suppliers and employees plus pre-authorized debit for customers. There are two ways to do that in the program: EFT Direct (Electronic Fund Transfer) and Sage 50 Direct Payments (Beanstream…
  • How do I create a test file for EFT to send to my bank?

    The first time EFT is installed and setup, users can be asked by their financial institution to send a test file to check if EFT direct payment will be processed on a timely manner when the time comes to transfer funds. This blog post will focus on processes…