Sage 50 US

I entered a bill for $3000 and paid it. the vendor called and said the bill was for $5000 and turns out I entered the bill wrong initially. Since the month was still open I changed the bill amount from $3000 to $5000 which created an open balance of…

Hey, I'm pretty new to Sage. I need help clearing aged receivables from closed years. The previous bookkeeper did not apply the payment to the open invoices. If I do a dummy receipt then it hits my current sales. How do I get around this and clear these…

Hi all - I recently inherited an accounting position where my predecessor was playing catch-up trying to re-create a company's records with incomplete information. The company uses 2 credit cards to help with cash flow in paying vendors. I recently…

Hello All, I recently took over the accounts payable department at my job. I learned that when they close the year out, they do close the current year, they actually close the prior year. For example: 12/31/15, they closed out 2014 not 2015. My questions…

We invoiced a customer who was tax exempt. They did not notify us until after they paid the invoice leaving a balance of the sales tax.

I have received a payment for a bad debt for prior year. What would the procedure be to record this payment? Thank you!