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  • 1st credit card rec

    I am still waiting for an answer to my question 10 days ago. I started my 1st credit card rec. I entered all transactions from the statement and checked them off. Opening balance and ending balance from the statement. (GOOD) I am good with all postings…
  • Vendor Payment

    We use Sage Business Cloud Accounting (United States). When we pay a vendor, the transaction from our bank account shows up as a negative number and we go into the vendor and allocate the (negative) payment amount among several (positive) vendor invoice…
  • Credit Card Accounts payable

    The credit card accounts payable does not match the credit card aged payables. I follows sage 50's instructions for this transaction. 1. Enter invoice from vendor using inventory, regular accounts payable 2. pay vendor via credit card by changing cash…
  • year end bank reconciliation - bank statement date is Dec 29th not 31st

    My 2023 Dec actual RBC bank statement ends Dec 29th My fiscal year ends Dec 31 2023 there is no banking transactions in my online banking for Dec 30 or 31th. I have not yet received the Jan 2024 statement, obviously bc the month is not complete…
  • How put negative sign in Gst purchases in balance sheet

    Hi there! I have a problem with our sage 50. I am currently a bookkeeper and I having a problem with GSt purchases in balance sheet. It doesnt show the negative sign, and it's adding the gst sale and gst purchase. The previous bookkeper up the books as…
  • upload bank statement

    Hello - Can I convert my bank statement from pdf format to the .ofx for sage upload? I can't seem to find the option when downloading from my bank.
  • Bank Reconciliations

    My bank reconciliation is out, can I go back and re-reconcile an account? Also, we have EFT payments that get removed from the bank at the end of one month, but don't come out of our account until the early days of the next month on Sage. This is due…
  • How do I Undo a recent reconciliation so I can rectify something?

    When working with Quickbooks, we have a really easy way to undo a reconciliation to then adjust one transaction and re-save the reconciliation. How do I do that in Sage 100 Contractor?
  • Payment Amount more than Purchases balance

    I use the Purchase module and Payment module on expenses on my Visa statement. 6 months ago I had to go overseas, in order to cover any unexpected expenses during my trip I transferred $4,500 from my bank account to Visa. The monthly statement came…
  • Incoming Bank Transactions : transaction appears twice on VISA statement (2 currencies)

    Hello, In the Incoming Bank Transactions screen for my Credit Card, I see 2 separate entries for the SAME purchase : One entry is in CAD (41.18) and the other is in USD (29.99), as shown in the attached screenshot. Since I work in Canada, I processed…
  • Purchases Clearing Report <> balance with PO clearing GL account

    Specifically asking when you have a PV source journal due to Sage's KB scenario below, what are users best practice recommendations on how they handle the balance sitting in the GL PO clearing account? Do you leave the costs there, reclass somewhere,…
  • Paying invoice that has inventory

    Newbie here. When I go to make an invoice paid that has associated inventory items on the purchase it won't let me change payment to cash so my Bank reconciliation is off by these invoices. So the invoice stays as Pay Later. How do I make these payments…
  • Adjusted book balance not matching statement

    I have reconciled my bank accounts and the correct totals are showing with a zero adjustment required in the reconciliation window. Since this is back work (2022) I am working forward and the balance sheet at Jan 1 2022 is not showing the correct statement…
  • CM Old Uncleared Transactions cannot be reconciled or changed

    We are trying to clear up some accounts that were never properly reconciled. There are several transactions from past years that we need to mark as reconciled. When we attempt to change them in the Edit Register, we get an error that says: Could not…
  • AP to GL Reconciliation

    When reconciling AP to the GL and using the AP Trial balance, does the invoice date have an impact on differences? As I understand it using the AP Trial balance goes by transaction date which is the GL posting date. I'm reconciling day by day and sometimes…
  • Reconcile A/P Aging and A/P GL acct

    I'm tasked with reconciling the A/P aging report with the A/P GL account on the Balance Sheet. Going way back in time, the last date that it was balance was 07/2019. Does anyone have any tips on an easy way to reconcile the two totals? I've have found…
  • Credit Memo in Bank Reconciliation

    FormerMember
    FormerMember
    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…
  • 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…