Sage 50 Canada

Can anyone help me with this? How to do this in sage 50

Can anyone help me with this?

I'm confused about the linked account in credit card. And my second question is when I put the amount in the opening balance I got a different account and then when I put another amount that the last amount has gone.

I recently taken over as bookkeeper in a mechanical firm and found that the 3 (2018 onwards) previous years have not been reconciled. Is there any way I can reconcile starting this month?

Hi, I am using Sage 50 Canada 2021 currently. I would like to start a new fiscal year for one company, however it keep showing following notice. The showing current balance account payable & Note Receivable is the correct opening balance. This…

Hi, Our company has built a rental property. The property will have one unit as a rental and the lower unit will be used for staff traveling at no expense to them. My question is how do I set up the accounts to keep track of the expenses for both the…

Hi We made non cash donation to a charitable organization. We are going to receive tax receipt. I made following entry. I created Invoice to the organization, using sales journal. Enter the sales amount(using Sales account code) then deducted the…

Our previous accountant used sage tax report for GST/QST remittance, so there is always a balance in the beginning of period. When I reported for Jul-Sep/2020, I cleared all the beginning balance, which included GST/QST to pay amount for period of Jul…

This is not a discussion or question but a Tip/Help you can go type on your internet search engine "status.sage.com" will tell you if any outages etc.

I have setup a phone allowance as a taxable benefit and now the system is autogenerating an entry to, essentially, a non-existent account called, 'Benefits & Tips', and deducting the full amount of the benefit, after it's deducted tax. I have not set…

Hello All, We have have been trying to update our credit card with Sage for over a week now! This has been the most frustrating process; waiting on the line for hours only to be put back on hold again and then having our call dropped TWICE, logging…

The Foreign Exchange Rate Table (in Settings) is changing the user-entered exchange rate to a previous rate, without user intervention! New transactions then pick up the wrong rate; currently we are checking each transaction as entered. Sage Technical…

I was about to do the payroll when this message appeared. " Some linked accounts in this module are undefined, Enter them before entering a transaction? I never changed the settings and wondering why all of a sudden this message pop-up. what do you think…

Hello, Each quarter we are sent an amount that needs to be paid to both the Federal and Provincial Government for provisional taxes. I'm not sure how i should be entering this in sage 50 and which accounts to use. Thank you Nicole

I created a deposit slip which included a customer payment. Afterwards I needed to remove the customer payment and not thinking that it was part of a deposit, I reversed the payment. Now I have an amount showing in my bank reconciliation that I don't…

Hi All, I seem to have spent way too long today, trying to work out how to post CEWS to Sage 50. As it must be shown as income, and has been paid directly into my company bank account I set up a new account for it under Other Revenue, as a gain. …

Missed a webinar that I want to watch, is there somewhere to find them online. Using Sage 50 Premium and looking at the pros and cons of moving to Sage Cloud.

Hello, I'm wonder what is the best way to handle the CERB benefit for a sole-proprietor who is required to be closed? This considering that the Benefit is not ‘sales’ related. I assume that at the end of the year the owner will receive a tax remittance…

Due to the Covid-19 pandemic, is there any financial assistance available for the mom and pop corporations who don't have any employees and take dividends. They don't take salaries or do payroll, but are not able to work because of the Covid-19.

Our company paid for a flight for an employee with the agreement that the employee would repay half. The full amount was paid with the company credit card. I posted a purchase invoice for the flight paid by the credit card. Then the repayment was posted…

Hi Folks, I work in a non for profit org. We have a small for profit company but due to some circumstances, we ended it shutting down. The remaining bank balance of that profit company is now given to us via cheque. How would i record this entry in…

Hello, I am wondering if there is a way to add a 3% fee to invoices that would automatically be calculated on an amount, similar to HST. I considered setting it up as a sales tax of sorts, however, from what I understand, you cannot have two tax codes…

Does anyone know if it is possible to create multiple sub ledgers for one G/L in SAGE 50?

this has happened on numerous computers now and i believe it is a glitch because i can keep making it happen. if you open payments and choose pay credit card, then choose the bank to pay from, then hit the pin, then select the credit card to make…

There is a customer who paid by foreign currency. Normally, their sales is in Canadian dollars. But this time, they paid by US currency. It is supposed to be $100.00 canadine. But they paid in $80.00US dollars. Then, we deposited $80.00US into our US…