How do I post an adjustment to an account on my chart of accounts but not accessible in the General Journal? It is a liability account.

Question

I have a Deposit received account on my chart of accounts but it won't let me post a Year End adjustment to it.. 
 What am I missing?

Erzsi_I · Answer

Hi Debra Whitmore , Thanks for reaching out. It's important to ensure that the account you're trying to adjust is properly linked and not restricted due to its setup or the year-end process limitations. 
 For adjustments to liability accounts not accessible in the General Journal, consider the following steps:

Verify Linked Accounts : Ensure the liability account is correctly linked . Go to Setup > Settings > Company, and check if the account is listed under the appropriate category (e.g., Payables, Credit Cards). This might help identify why the account is not accessible.

Year-End Adjustment Limitations : Remember, Sage 50 Canada allows postings in two consecutive years, the prior and current year. If you're attempting to post to a closed (historical) year, this isn't possible directly. You'll need to process transactions in the last fiscal year or, for historical adjustments, restore a backup of the year in question for adjustments, which should be done cautiously and preferably with an accountant's assistance.

If after checking these steps you still can't post the adjustment, it might be beneficial to reset the flag by linking the account to any module, save it, then unlink and save again. This process can sometimes resolve underlying issues with account access in Sage 50. 
 Should you need further assistance, don't hesitate to reach out to Sage support or consult with your accountant to ensure the adjustment is made correctly and compliantly. 
 Warm Regards, Erzsi

Sage 50 Canada

How do I post an adjustment to an account on my chart of accounts but not accessible in the General Journal? It is a liability account.

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