Hi all,
I am very new to accounting practices, and when I have questions I often turn to other professionals, internet forums (like here ), or to Universal Construction to sort things out, generally with success. I've tried all these and can't seem…
I had a long term liability showing on my balance sheet that should not have been there. It was from our line of credit and showed a negative amount. I found out that it should be an asset, instead, since it is money we have access to, so I made that…
New to book keeping and new to dealing with inventory... I'm confused how we deal with inventory tracking in sage 50 Canadian edition. I set up our inventory module and added inventory items successfully. For each item, it asked me to link an asset account…
Hello, I am new to this site and new to bookeeping. I have many questions but will start with just two
My client has an existing incorporated business. He has purchased a boat to be used as transportation for that business and he is also starting…
Good day
Has anyone using V11 came across the issue where Financial site transfer of assets are not generating journals as well as not populating the FXDLIFL table correctly?
This basically means GL and Register does not balance as well as the Funds…
Has anyone come across dealing with a 'deposit contribution' when producing a new vehicle purchase journal? The finance company has deducted it from the outstanding balance without reducing the VAT on the original purchase price. Any ideas where to credit…
Hi all,
I've recently made an error on last depreciation period of an asset which cause it to be excluded on my depreciation for the month:
The details is as follows:
Acquisition date : 23/7/2018 Depreciation Rate : 25% Estimated life : 4 years…
I am setting up a new company. In Settings > Vendors & Purchases > Linked Accounts > Principal Bank Account there are no options to choose from in the Drop Down List.
I have changed my bank account class options in the Chart of Accounts > Class Options…
I'm wondering if anyone can help me. My husband runs his own carpentry business, and we recently got a grant that would pay 50% of the cost of certain items. I have a few questions: 1. How should I apply this grant in Sage? Eg: We spent $1000 on advertising…
We are a new business (about a year old), and my husband's truck is used 100% for the business. I don't know how to account for this in the system? It's already completely paid for.
How to I enter the value of this truck into the system? Debit Vehicle…
