Sage 50 Canada

First time on here... How do I adjust the value of fixed assets? Specifically, the value of land and buildings owned by the company. Thanks.

Help! I just noticed that on my review from the accounting firm they have indicated that I need to make journal entries for previous years to resolve the note on the year end adjusting journal entries sheet to address the comment "To record PY AJE not…

I have entered all my year (and business) end adjustments that my accountant provided me with, most accounts are now at 0$. However, data integrity shows anomalies in Supplier and Client accounts. AP and AR at now at 0$, but the Supplier account still…

Hi I how to fix vacation forward amounts for my employees. the system keeps showing data inconsistency and I believe is because the forward amounts are not correct thank you

This is the first year we have been in a position to 'roll over' to a new year due to internal issues. However as a result of starting a new company for every business year is over time you tend to accrue some errors that can not be easily traced or corrected…

I have to make a correction to the closing balance (July 31, 2019) of an expense account. The entry was missed when matching the accountant's trial balance for July 31 2019. I obviously have to date the adjustment August 1, 2019 because that year is…

Hi, I have some questions regarding posting my year end adjusting entries. I started using Sage May 1, 2019 and set up our company from fresh. I am not a bookkeeper and am still learning the Sage program. At May 1st, I entered the opening balances from…

I am using Sage 50 pro 2017 edition. I sent the 2018 year end backup file to our accountant. He adjusted entries, etc. and gave me an adjusted year end report as "Backup.SDB" file. I asked him to change the file to".TXT" file, but he said he couldn't…

My accountants gave me some year end adjusting entries but i can't post to some of the accounts in the GJ. i', using Sage 50. Please someone help me! Dr: Net Income $42183 Cr: Accum Deprec- Bldg $5905 Cr: Accum Deprec- Improvements $36278 Dr…

When the client receives a tax credit refund cheque - what account should be credited? Do you individually credit the asset accounts (as it is based on 5% of qualified property acquired in the current year)? And/or - should it have been made in the previous…

We have a USD account for Paypal. We enter the relevant date and exchange rate in the list used for that purpose (under Settings / Company / Currency). For example, at 30 Dec 2016, the Bank of Canada rate is C$1.3427 = USD$1.00, and in the FX list, we…

Hi All, this is all new to me....So I started my new year and have most of my information entered but just realized that I did not do my year end adjustments from my accountant. I cannot move back to the previous year, as I started a new one.....is there…

Similar too this post - it seems Sage does an automatic transaction if it finds a 0 balance at year end because it is quite obvious that if an account has $0 US funds in it, it must equate to $0 CA funds... https://sagecity.na.sage.com/support_communities…

How do I reverse my advanced fiscal yearend? It advanced to May 2017 to April 2018 and should be May 2016 to April 2017. [email protected]

Help, Here is our situation: An old sale invoice became uncollectable, our accountant made a year end adjusting journal: 1xxx: Allowance for doubtful accts: CR 10,000; 5xxx: Bad Debt Expense DR: 10,000; But, this invoice is still in our system…

Hi i am trying to post year end adjustments and need some help. I need to debit prepaid expenses (1201) and credit Insurance (5140). i can't do a journal entry because i can't post to prepaid expenses. Also i need to debit maintenance expense (5130…

I have to post year end adjustments for 31/08/2014 but my session date now is 30/12/2014 how can i go back and post year end adj. to 31/08/2014?

I am doing general journal entries for the accountant's year end adjustments. There is one account that won't let me post, acts like a linked account, (it will not appear in the drop down menu). The account is Inventory account, but when I look into the…

Hi, I'm using Simply 2009 Pro - the accountant has asked me to post a debit to 2460 (Prepaid sales/deposit) and a credit to 5750 (realized exchange gain/loss). This has to do with "adjusting exchange on USD accounts" However, when I try to post in 2460…

Hi, I am having trouble going into 2014 to enter sales invoices now The 2013 year end is not ready to be closed off yet. I have gone into Settings, Company and System and made the setting to allow transactions 30 days in the future. It still wll not let…

I estimated bills like phone, electricity to close out year end how do I go back and adjust entries now that it was closed?

Hi there, Summary: I am fairly new at my job and came on during year end. During year end we began clearing up any stale dated cheques, etc. We were able to account for all of the stale dated figures and most of them were simply improper allocations…

I've got a new customer's company file with 2 fiscal years of data, and I'm about to start a new fiscal year FY2011 ends June 30,2011, FY 2012 ends June 30,2012 - I will be starting FY2013 before starting FY2013, I was going to do a 'save as' so that…