• have reconciliation negative discrepancy -1 st time reconciling

    I have recently asked about doing a reconciliation for the first time in Sage 50 accounting .Hasnt been done since 2018. I did as informed, by picking a month ,I picked oct . I have gotten it to where the outstanding and unresolved are at zero but my…

  • Some bank transactions not appearing

    I'm trying to do my first bank rec for our operating account and am running into an issue. I've linked our bank account, and all applicable transactions show up on the match transactions screen, but when I go to do the bank rec 2 of my May 31st transactions…

  • linked accounts problem possibly

    Hello , just set up a new client on Sage 50 Canadian Edition 2021.0 ( I have a perpetual license) in the month of Feb I was able to reconcile all was good. I just started March reconciliation and no matter what supplier invoice I pay ( cash or cheque)…

  • 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…

  • bank reconciliation current month transation showing as outstanding matched beyond end date

    Nov 30 entires for Nov month, showing matched beyond the date. 

    and there is unresolved. 

    not able to manual clear/match

     

  • Unable to Match Receipts with Rolled up Deposits

    Hello,

    Using Sage 50 Premium Accounting (Release 2021.1).

    I have currently started using the MATCHING TRANSATIONS module.

    We currently perform a lump sum deposit weekly.

    Then clear the outstanding invoices in the RECEIPTS module a few days later when…

  • Reversed and adjusted entries showed as outstanding in Bank reconciliation

    Reversed and adjusted entries showed as outstanding in Bank reconciliation. 

    Selected "do not show corrections" doesn't hide those entries. 

    The amount of those entries were added to the "Unresolved" 

    had to manually click to make…

  • Outstanding Deposit on account reconciliation summary, but no outstanding deposits in my next months bank reconciliation screen

    I am trying to track down an amount showing on my "Account reconciliation Summary report. Report by statement end date." 

    outstanding deposit - 6,741.20 yet when I open up the reconciliation & deposits for my next month, there are no 'outstanding…

  • Lingering unresolved amount in reconciliations

    I have an account with an "unresolved" amount showing on the reconciliation screen that has carried over from when someone else was handling the books, due most likely to missed/erroneous entries.  At our fiscal year end in Feb 2019 that account…

  • Negative Unresolved credit card statement from previous fical year adjustment

    Hi there,

    When reconciling my credit card statement, I have a negative unresolved amount that was a YE adjustment from my accountants the previous fiscal year. Is the unresolved to show zero before I post or do I have to resolve this prior to posting…

  • Cleared cheque #1 from reconciliation thinking it was cheque #2, now need to reissue #1

    We issued a handful of sequential cheques in identical amounts in September for increases to our rent.

    When I did the November bank reconciliation, I mistakenly marked cheque #1 as cleared, when in fact it was #2 that had been cashed.

    This wouldn't have…

  • Bank Reconciliation Resolved amount

    I have a resolved amount of -$9829.88.. but no discrepancies or unresolved amounts. Is this going to cause problems down the road, what can I do?

    What causes this?

  • Visa statement overlapping two different months

    My visa statement runs from the 2nd of one month to the 3rd of the next month. Do I always enter these transactions from the first few days of the next month even though they are not my normal monthly reconciliation I use for the regular bank account…

  • How to Delete a Bank Reconciliation? on sage50 Canada

    Help please,

    I am almost positive my Sage50 bank reconciliation has glitched in some way. I attempted to reconcile the account with my bank statement - everything matches up.

    I have the correct:
    statement start date;
    statement end date;
    statement end b…

  • Reconciliation for Previous Year Not Closed, Transactions Show in January Statement

    Hi

    In attempting to reconcile January 2019, I've realized that the Reconciliation Report 'START DATE' is December 1, 2018. The only issue is that I already closed off 2018. Now, Reconciliation & Deposits shows Last month end balance, along with last…

  • Credit Memo in Bank Reconciliation

    Help!

     

    We were originally invoiced for a unit (over a year ago) we recently received a credit memo for the total amount of the unit and then were rebilled for the unit at a discounted price.

    Original invoice created a purchase invoice to our wholesale…

  • Bank recs posted even though they were not correct

    I took over accounting from someone who clearly did not know what they were doing.  I have compared the G/L bank account with the bank statements, and having gone back 3 months now, the bank account closing balance in Sage is out by a large amount each…

  • Bank Reconciliation warnings

    I don't understand why I am getting this warning when trying to check off a deposit.

  • First Credit Card Reconciliation

    I am doing my first ever credit card reconciliation in Sage 50 but when I clear everything it gives me an unresolved amount which is the same as my opening balance, Outstanding is 0.00.

    I saw a previous post that said to adjust the opening balance to…

  • Credit Card Reconciliation - Technical Error with Moneris

    Our credit card processing service had a technical error communicating with our accounting software back in February.  Sage Exchange gave us an error when processing a credit card transaction and didn’t give us an approval code. I processed the transaction…

  • Bank Reconciliation for next month transactions (bi-weekly pay)

    Hi all, hoping someone can help me here. This is my first year using Sage, and my bank reconciliations have worked great until now. 

    We switched to a bi-weekly pay schedule, with the hours to midnight Saturday being paid out on the following Friday. Example…

  • RE: LOC Help

    BrittneyB said:
    I'm not sure how to record the transactions correctly or what is the best (easiest) way to record it? As well as transferring money to the LOC account to pay it back from the chequing account.

    The usual bank fees and adjustments can 

  • How do you set up a line of credit in Sage 50?

    HI everyone,

    I'm not an accounting Guru,so, wondering if anyone could help me when it comes to setting up a line of credit account in sage 50?

    Basically, what I have is:

    - A LOC of $XX,XXX.00 where money is automatically taken from it when there…

  • Process Bank Rec from prior year

    I started the new year before I processed the December 2016 bank recs.  I can't change my session date back to December 31st so can i process the Dec Bank Rec  in the January session date? The warning tells me it will affect my prior year reports and…

  • Account Reconciliation

    Can someone help me please! I use Sage 50 Premium Accounting CA and I am doing my Account Reconciliation for the first time. My opening balance and end balance are correct. Here is my problem... My opening balance matches my unresolved $20,892.26 but…