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  • Sage 50 CA Premium -- error in how Sage 50 calculates balances re home currency vs foreign (USD) currency?

    We have a USD account for Paypal. We enter the relevant date and exchange rate in the list used for that purpose (under Settings / Company / Currency). For example, at 30 Dec 2016, the Bank of Canada rate is C$1.3427 = USD$1.00, and in the FX list, we…

  • Exchange gain/loss - revenue vs expense and GST/HST filing "sales and other revenue" line 101

    Should we actually be using 2 different accounts for exchange gain vs exchange loss? It doesn't matter for the bottom line, net income will end up the same either way: Hmm... seems you can only configure one for the program to use automatically for adjustments…

  • How do you manually zero out or adjust CAD balance in USD account ?

    Similar too this post - it seems Sage does an automatic transaction if it finds a 0 balance at year end because it is quite obvious that if an account has $0 US funds in it, it must equate to $0 CA funds... https://sagecity.na.sage.com/support_communities…

  • How to correctly input purchase invoices in foreign currency?

    I operate in CAD but purchase some inventory from suppliers that invoice in USD. Previously invoices from USD suppliers were being input as CAD with the exchange being calculated manually. I have setup duplicate suppliers with a US identifier and set…

  • RE: Is it possible to re-use Sage Vault GUID created by Web Services?

    UPDATE! STILL NOT WORKING! We were able to temporary fix it but looks like after day or two GUIDs expiring!!!!! I mean that its possible to re-use GUID after few minutes after previous order, but after some time - like day or so - it stops working and…

  • Currency Issue with the Foreign Currency Bank Account Continued

    Last Wednesday, We went through an example of how to adjust a foreign currency bank account and to bring back the correct home currency balance. Today, we are going to do another example but the assumptions will be slightly different from the first one…

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