Browse By Tags

Hi, Looking for a bit of assistance in bank recs. I took over the bookkeeping for these accounts and these entries were done prior to me being here. The rec balances in that it agrees with the bank statement, all transactions are accounted for on the…

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…

I am currently in the process of rebuilding a company in SAGE 50 and have a few inquiries related to setting up the bank accounts, particularly addressing the input of outstanding/uncleared items. Thank you for your time. Appreciate your help in advance…

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…

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.

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…

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?

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…

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,…

The transactions I have outstanding do not match the outstanding amount. The difference is sitting in unresolved. How can I get it to move to the outstanding amount? i.e - o/s transactions = $26,449.06. Outstanding amount is showing as $13,809.08, unresolved…

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…

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…

I have some cheques that were issued in 2020 and 2021 that were never cashed and I want to void them and get them off my bank rec. How would I do this? I will not be re-issuing these cheques.

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…

I'm trying to do my first bank rec for our operating account and am running into an issue. I've linked our bank account, and all applicable transactions show up on the match transactions screen, but when I go to do the bank rec 2 of my May 31st transactions…

Hello, Using Sage 50 Premium Accounting (Release 2021.1). I have currently started using the MATCHING TRANSATIONS module. We currently perform a lump sum deposit weekly. Then clear the outstanding invoices in the RECEIPTS module a few days later…

I am trying to track down an amount showing on my "Account reconciliation Summary report. Report by statement end date." outstanding deposit - 6,741.20 yet when I open up the reconciliation & deposits for my next month, there are no 'outstanding' deposits…

Hi, I had an accounts receivable paid by a customer, however, the cheque they wrote us was short by the small amount of $0.20 (the cheque was for over $5,000.) I entered the A/R as paid in full, knowing that when I do the account reconciliation that…

Ok, Hopefully I can explain this well. Over the course of 6 months we had continuous sales with one main customer. Lets just call it " cust A" Their was a large amount of discrepencies in "cust A" pay summaries so long story short, I wanted to reverse…

I have done and redone bank recs numerous times, and have always been able to figure it out when the discrepancy and unresolved argue with you. But I am stumped this time. I have rebuilt a company after they lost all data due to a computer crash, and…