Sage 50 Canada

Hello, I've come back to work doing bookkeeping and I have two clients that need their bookkeeping records caught-up, both use Sage 50 Premium (2022). Their accountant told them to get Sage Accounting, wouldn't have been my choice given the restrictions…

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…

I have posted bank charges in expenses tab in account reconciliation as of Oct 31. After year-end adjustments, my accountant asked me to move it for next year. For some reason this transaction was not showing up to him. How can I move it to November so…

Sage 50 2022.2, I have cleared all past years historical data, restored backup made in early Nov. (before installing 2022 upgrade) will advance to Jan. 1,2022 but backups made after 2022 upgrade will not. Advance Database Check gives an error and the…

Hello, I recently started a new year 2022. When I went back into this company I've noticed that the session date is now 01/01/23. I did not change the year to 2023 can anyone tell me if I am able to change this?

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! I work with Simply Accounting Pro 2009. My fiscal year ends on Jan. 31st. Every year I have to change the civil year to keep working after Dec 31st. I just made the change. I can enter my transactions in January without any issues. However, when I…

CRA's rule is, when payroll periods and CEWS periods are different, business needs to stick to CEWS period without using prorate. So. I needed to make a copy file for CEWS with different period, different pay frequency to many company's payroll. However…

Hi Dear i hope everybody are fine on this period of time ,,, my question, because i am new user of Sage 50 and in our company we are working with the sage 50 premium Canadian version,,,, now thing`s i need,,, how can i closing multiple year because the…

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…

When I try to start a new year I am told I need to finish entering history. However I have not been able to finish entering the history on the accounts, because it says I have accounts that are not linked. When I try to link an account where needed my…

I have the 2014 Sage 50 Pro Accounting Canadian Edition. It will not let me move to the new year. I keep getting this message " error occurred while moving current year's data to last year. As a result, the new year could not start." Does anyone know…

I am trying to get ready to file our taxes, I have been using the Income Statement Report for the tax year of 2014 to filll out my taxes, but I realized that the statement includes invoices dated Dec 2014, but payments were made/received in Jan 2015,…

If a person pressed to do the year end in error - is there any way to reverse it?

My client is a sole proprietor. What adjustments are required to the Owner's Draw account at the end of December? Do I clear out this account at year end so it's back at zero in January? If so, where does it get posted to? Thanks.

I have completed the historical data, my retained earnings for previous year is correct, But there are still balance forwards in my income and expense accounts, how do I close them so my Income Statement for the current year is correct?

My accountant is requesting a back up of the fiscal year (December 2012-November 2013) on a portable USB. However, I have already started making entries for the current year (starting on December 01 2013). Can I back up to a specific date, or will the…