Sage 50 Canada

Is there a way to merge two Accounts Payable or two Accounts Receivables that should be the same account, but are missing a word ie Ltd or Inc at the end?

We received a notice from the government stating that we owed money due to an error made by our accountants when they filed our 2022 tax returns (they classified our business as active when it was passive). We owe $17,500 (of which $1,500 is interest…

Hi, I accidentally voided the incorrect cheque for a supplier. How do I unvoid the voided cheque. The cheque has already been cashed by the supplier. TIA

Hello, I need to clear old invoices however I need it to not impact the GL balance as the accountant said most of those payables are not in the GL anymore. Thanks

I accidentally paid a supplier invoice with a personal credit card. I know how to credit myself for the mistake, but how do I get the amount owing to the supplier out of the payables ledger?

So in March we paid a foreign exchange invoice (euros) but in April payment was returned to us for a different amount, Vendor is set up in Euros Original transaction was 2 invoices paid totaling 49.20 Euro, with an exchange rate of 1.5107582, so totaling…

Can anyone walk me through the proper journal entries for this? Just prior to year end I wrote a cheque to a vendor in the wrong amount but posted the correct amount on the invoice. Yes, I still handwrite cheques, lol. As it is a small amount, the…

Hello, I recently converted to Sage 50 Premium from Accountant Edition and I was previously able to make adjusting entries to GL 1200-1300-2100 now it is not allowing me to do this ( when I converted I was assured that the premium version had all the…

Hi...I am having trouble reconciling my bank. I issued an extra payment to an invoice that did not exist with vendor. They pointed it out, i removed the invoice instead of reversing the payment. The cheque does not exist so therefore 1) Reissued cheque…

Hello, I am hoping that I can ask for a step by step explanation to possibly zero out and restart my balance for the credit card account I have in Sage50. The last employee added no invoices for the year of 2019 and only paid the credit card via…

I've have two cheque payments that were created by paying two invoices that I had created. These were actually supposed to be prepayments not paid against any invoices. I now have the actual invoice that I need to enter, and I would like to be able to…

I need some insight on how to make adjusting entries for expense accounts from 2018 to 2019 that were not claimed for 2018 Taxes. I need to carry forward the amounts I made from receipts and Invoices that were charged and paid for in 2018. For example…

Is there a way to reverse or cancel a payment to mastercard? I accidenitly did the payment twice...

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…

Hello, I need to post adjusting journal entries for several years to record accounting accrual amounts to accounts payable. However, the general journal isn't allowing me to do so. Please Help! The entries are as follows: 09/30/16 Accounts Payable…

Hey there, When setting up from our last accounting software we had two accounts receivable, one in cad $ and one in us $, as well as three accounts payable, the extra being for GBP. When linking my accounts receivable to my customers for the linked…

Hello, Instead of making a purchase voucher, I made a general journal entry and cleared the accounts payable account via cash. However, instead of this amount linking to the accounts receivable, I know have amounts in both A/P and A/R. How can I transfer…

I have taken over a set of books and am trying to clear off an old negative invoice in payables. This is from 2 years ago and looking back through journal entries there were about a dozen corrections/reversals. It shows as a zero original balance but…

Hi We had an employee go on maternity leave, for just under a year. We continued to pay her medical insurance. There were no weekly entiries made, as it normally came off her check . Now that she is back, i need to figure out how to enter her payments…

I am trying to wrap-up a new client's year end file. Upon review, it seems their accounts payable sub-ledger does not match the accounts payable GL balance. After investigating, it seems that their accountant last year posted their accrual directly to…

Hi, I am working on our fiscal year end. I went to do the transaction in my GJ "To Correct Payroll A/P with Expense for Year End" According to my calculations it looks like this: Dr. Cr. 2180 EI Payable 1,624.32 2185 CPP Payable 3,217.44 …

A visa payment was entered and processed. When I tried to access it later to do an adjustment, the popup "Cannot find the transaction with the criteria you entered. Please try using different criteria." opened up. I tried different criteria, but nothing…

Hello, I sent a cheque with the wrong name in my previous fiscale year how can I correct my mistake? I got the cheque back, how can I re-issue a new cheque wth the good name as I am now in a different fiscale year. Thank you

I (foolishly) adjusted a payables invoice several months after I'd reconciled the Credit Card account from which I paid the invoice.I did this as part of my year end review of my books (year-end is Sept 30). (The adjustment was to move the expense to…

I paid $65 through direct deposit to a vendor with on Friday. Then on the Monday I received an e-mail saying that the payment was returned because the Vendor's account had been closed and that $55.00 was being returned to my account, I guess they were…