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We use nominal code 9999 (or used to) to temporarily hold clients money before it was released to them. Last year 2021 for the first time we had a credit balance of £9500 which we now realise does not roll forward with the end of year. We are now looking…

Chat to our new and improved virtual assistant Pegg. Pegg can take you through each of the year-end steps, including: How to install the year end update How to Complete the tax year …and… How to set up the new tax year. Find Pegg on your…

How do I add monies reimbursed by WSIB to an employee's T4 under Box 77?

Hello, I've come back to work doing bookkeeping and I have two clients that need their bookkeeping records caught-up, both use Sage 50 Premium (2022). Their accountant told them to get Sage Accounting, wouldn't have been my choice given the restrictions…

This webinar explains the year end process from start to finish, including how to prepare for and run your year end and the optional post-year end tasks. Join for a live demonstration and a chance to ask a Sage expert your questions on Tuesday October…

I am unable to do a roll over as pastel keeps insisting there are documents that needs to be placed on hold. The only open batches are sales orders and quotations that pastel will not let me put on hold.

Appears that our friends at the IRS are going to require a new form this year. Where is Sage with the modifications to track this information? Hope to not be scrambling at year-end getting folks updated to accommodate the new forms.

Hi, I have run the year end process and all is fine. I have come to run the P&L report for the new year but its not showing correctly, any transactions posted before the year end but for the new financial year are not coming through, however any transaction…

After posting YE adjustment for bad debt in GJ, my client aged summary report still shows the client. Here is the adjustment that was made: 1201 (Accounts Receivable) Cr 2000 1205 (Allowance of Doubtful Accounts) Cr 10000 2310 (GST Charged on sales…

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…

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…

Hello, A year I asked Sage if I could do a year end rollover and post any post audit journals in period 13 which a lot of accounting packages do. but was told this wasn't possible. Does anyone know if this is now possible? And if not, what do you…

Hi, My client uses Pastel Payroll ver 2022 update 2d. I don't normally use this system, so am in the dark... We need to remove terminated employees from the payroll to create space for the new employees. After doing the year-end rollover, they are…

We are an Ohio company that is looking to streamline some of the payroll processes. Not necessarily to outsource payroll, since we are in the process of developing our own program to enter daily job cost/payroll into the system via Office Connector. However…

Join our free, live webinars running every weekday in March, where we'll give you the confidence and knowledge to complete your year end and get ready for the new tax year. Don't forget, everything you need for a smooth and stress free year end can be…

If your company has a financial year end that's coming up soon, you may be making preparations to close the year down in your accounts. Need a helping hand? Our support hub guides you through the three main steps. We're also running free year end webinars…

Sage 50 2022.2, I have cleared all past years historical data, restored backup made in early Nov. (before installing 2022 upgrade) will advance to Jan. 1,2022 but backups made after 2022 upgrade will not. Advance Database Check gives an error and the…

Dear, Closed our accouting period as on 31dec21, but just noticed, few of the expenses accounts are zero and few are showing the begining balance as of 1jan21. I dont know why, maybe we did somethng wrong while doing yeat end wizard? We have 9…

Good Day Community, Once again we enter the Year end period and everything that goes with it. Please remember that if you are using SQL Point of Sale or Debtors Manager, there is a right way and a wrong way to run the Year end. You CANNOT run the…

When you run your year end, to stop further transactions being posted into the year you're closing, you can apply a lock date. This is useful for preventing late entries once you've finalised your year end figures. A common question is whether this…

When you run your year end, it's a good idea to create an archive of your data. This makes it easy to report on previous year data, without current year postings getting in the way. A common question we're asked is whether creating an archive removes…

Hello, I recently started a new year 2022. When I went back into this company I've noticed that the session date is now 01/01/23. I did not change the year to 2023 can anyone tell me if I am able to change this?

If your company has a financial year end that's coming up soon, you may be making preparations to close the year down in your accounts. If you're looking for help, our support hub guides you through the three main steps. In January, we're also running…

I have a company ready to move into the new fiscal year however when I check my data integrity my A/R amount and my unpaid invoices/deposits amounts do not match. I have an unpaid invoice for $33.30 (which displays in the unpaid invoices) however it is…