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  • Another Petty Cash Foreign Exchange Question

    We have a secondary USD Petty Cash, account that should be at $0.00, which it is showing that in CAD side, but the foreign balance is showing -1952.78. How do I clear out the foreign balance but keep Canadian at $0.00?

  • Petty Cash

    Hello! I am new to sage and even more daunting, new to book keeping.. How do you deal with your company's petty cash? I have been told I can treat the account like a client and "invoice" it, or I can just post general journal entries to it. We do have…

  • VAT: Entry of gross amounts in General Ledger

    If you want to enter a cash journal with gross amounts, you have to do this through the business partner module - which is quite complicated for a normal general ledger entry. You cannot enter gross amounts (incl. VAT) in the general ledger. Our customers…

  • Adding Petty Cash Previously unrecorded

    Just switched over to SAGE 50c from a free software. We made the chart of accounts and set the modules to ready and have begun inputting our data from January. The organization used a petty cash but didn't include it in their chart of accounts. I'm…

  • Petty Cash is no up to date by over a year

    Hi all, I have to get the petty cash up to date and I want to make sure I will do this correctly. The problem is that there are very old receipts in there which might cause me grief to post since it applies to past years. I have never touched the Petty…

  • Petty Cash Owner's Equity Entry

    Hello. The Petty Cash (Asset) account is overdrawn as owner makes one withdrawal and attaches all related business expenses. In most cases there is some residual expense that they have had to pay out-of-pocket that normally ends up being under $10…

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