Sage 50 Canada

I have one cheque that was written in 2021 but lost. I need to VOID this cheque and reissue in 2022. I can reverse the original payment with a JE so the new cheque will zero out the 2022 expense. This will ensure that my expense stays in 2021 and does…

I know there was few topics on similar issue but it seems I didin't find the answer. I received following year end adjustments Account payables Cr 20 000 consulting services Db 20 000 Since I cannot do adjustments to accounts payables without…

Hi everyone, My company is having a refund from WSIB due to last year reconciliation. For some reasons the refund wasn't issued and staying in the account balance. We decided to not receive the refund and instead using it to pay off the latest month…

Hello all, I need some help with a Purchase Order that seems to have glitched. Long story short, I converted it to a Purchase Invoice, but it still shows in my list of active Purchase Orders: Here are the relevant journal transactions. You can clearly…

We just paid an invoice dated in 2018 on March 27, 2020. It show up in the aged vendor detail report but it did not show up in Bilan nor accounts payables dated on Feb 29, 2020. I'd like to know why and how to resolve this problem. Can we enter an entry…

I accidentally entered a payment amount in the 'interest box' when making a credit card payment.... then reconciled that bank account... What would be the best way to re assign to the correct accounts?

Hello, Last year I invested personal funds to manufacture a product that I’ve been selling online. The money is not expected to be paid back for a couple of years so it’s important that I know at what point I’ve covered my cost. As last year was the…

I use Ceridian as our payroll provider and am wondering what is the best way to enter employer and employee deductions in sage when entering in the payment to the payroll provider?

Is there a way to make an adjusting entry for the previous year after a new year has been started? I need to enter an accounts payable to 2019 that was not discovered until after I had rolled over into 2020. What is the best way to do this?

For example, on Thursday, September 12, our employees will be for their hours of the previous week, but on the pay stub, it is registered for the period from September 9 to 16! Can I do the next pay, on september 12, but for the same previous period?

Hello, I am working with a client that uses the business card for a lot of small purchases and provides the receipt as an expense. Meals, Transporation, Small tools/hardware. I did not want to enter these as a "payable" individually and began compiling…

We have a supplier that we paid using a finance/credit card company. Do I pay the bill using the credit card account? I thought of paying the amount using the credit card account, then doing a journal entry and taking the amount out of the credit card…

I have an invoice for inventory $1620.46 but it also has $517.75 us exchange totalling 2138.21. how would I enter this? How do I ensure that the inventory is charged out without losing money?

Hello, My apologies for not posting this question in Accounts Payable Module discussion forum but I was planning to do this entry via the General Journal. I’ve set up Account 2110 as a Payable_Accrued Liability Accoun t where I post year-end Petty…

I got a list of adjusting entries from the accountant and one of the adjusting entries is "Accounts Payable" which is a linked account so it doesn't show up when I enter the account number in the general journal. Not sure what the proper way to enter…

This is extremely annoying!!!!!!!!!!!!!! - FIX IMMEDIATELY Sage!!!!!!!!! I enter 100's of credit card invoices a day, for many different clients, all small business owners. They NEVER use the same payment twice for the same vendor. One time it is using…

I am using Sage 50 Quantum and have one supplier that invoices me in USD. I then purchase a money order from the post office and mail it to them. I am wondering how to go about showing this all in Sage 50. I have the supplier setup as a US currency…

I have a supplier that offers a percentage discount off the entire monthly statement if the statement is paid in full within 10 days. I see that Sage has an option to set up a discount from the date of an invoice but I don't see anything to have a discount…

I need to enter year end adjusting entries from 2014 YE before I do my 2015 YE. When my accountant gave me the 2013 adjusting entries, I guess some were not made. So the 2014 adjusting entries contain some that are "to record prior year JE#..." The…

I am having a problem with personal expenses on a business credit card for an incorporated small company. I created an account as a liability and named it 'Loan from Shareholder'. What do I do now? Debit the expenses to Loan from Shareholder and Credit…

Hi all, Can Sage 50 import transactional data (mainly AP invoice details) if it was in a CSV or XLS format? I currently use an OCR capture software to gather the invoice details (and upload it into a cloud based document mgmt system), but I would…