Sage 50 Canada

Hello, I a very new to SAGE 50. I am trying to set up a bill to be paid monthly. I created the bill and hit Reoccur button and chose monthly; however, I do not see the bill come up monthly, not sure if I a missing a step. Any advice would help. Thank…

Hello, I need to clear old invoices however I need it to not impact the GL balance as the accountant said most of those payables are not in the GL anymore. Thanks

I need to record a taxable benefit for a shareholder (not an employee of the company). The taxable benefit is for Personal Use of Employer owned vehicle. Accountant says I need to issue a T4A for this. If I set the shareholder up as a vendor and check…

I have received two credit invoices from a supplier, we entered them into Sage 50 using the payables Credit Note option. When we look at the credit notes they show properly as negative dollar amounts, but when we run an Supplier Aged Detail report they…

I got income tax refund $100 I posted Dr. 1060 Chequing acct.& cr. 2160 income tax payable but in the financial Balance sheet under income tax payable has a balance $100 which I think should show .00 Do I do instead of put cr 5680 income tax expense

How would I enter personal purchases made on a business credit card? I’m unsure which accounts to use. Thanks!

is there any template exist for importing purchase order into sage 50? many thanks!

Can I use sage to create purchase orders?

Setting up a new fiscal year for a franchise that deals with one very large umbrella company. The company has at least 10 different sub-companies that ships product, provides tech support, charges licensing fees, etc. The umbrella company also takes…

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…

Is there a recommended format for a vendor name? Should it be last name first, first name or just the full name with first name first. Ie Smith, Tom vs Tom Smith.

The company I work for has been shut down since COVID started. I was laid off in March 2020 and am just returning to clean up the books and get up to date. Reconciliation had not been done since February 2020. Fiscal Year-End is December 31st. The issue…

I accidentally paid a supplier invoice with a personal credit card. I know how to credit myself for the mistake, but how do I get the amount owing to the supplier out of the payables ledger?

I wrote a post dated chq to our Clubhouse Mgr for a wrong amount. Once I realized what I did I reversed the payment and reversed the original invoice. The Mgr said there's an issue on his end as he already took a picture of the chq to deposit it for the…

So in March we paid a foreign exchange invoice (euros) but in April payment was returned to us for a different amount, Vendor is set up in Euros Original transaction was 2 invoices paid totaling 49.20 Euro, with an exchange rate of 1.5107582, so totaling…

Good day Sage Family, I am new to Sage online/cloud and I am wondering if anyone in the Sage world would know of any good 3rd Party Accounts Payable solutions? I used Telpay with Sage 50 Desktop which was extremely simple. I would pay suppliers to a…

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…

I have an application that I need to have integrated with sage 50 CA. I need to pull info and push back ap and AR invoices, projects and time entries. Who can help me?

Hi we had an employee use a company account to purchase an item, we paid it already, he now has paid us the cash for the purchase. What do I post and where... do I do a GL entry where I credit the expense account and debit the bank where I am depositing…

Can anyone walk me through the proper journal entries for this? Just prior to year end I wrote a cheque to a vendor in the wrong amount but posted the correct amount on the invoice. Yes, I still handwrite cheques, lol. As it is a small amount, the…

Hello, I am running Simply Accounting Sage Premium 2008. I am trying to get a supplier aged list but I keep receiving an 'Invalid Date' error even though my date is complies with the parameters in the error message. Help!!!

When entering a P.O. for Vendor/Supplier and it is an inventory item, does it remove from Inventory when processing that order? Or does it remove when it has been invoiced. Our current process for inventory stock is done the following ways: -Sales…

Hi everyone, I am trying to pay a vendor with 3 credits. I entered the credits as purchases bills with negative amounts. But Sage doesn't let me to apply the credits and shows this info in the image. I paid exact the same thing for other vendors without…

Hello, I recently converted to Sage 50 Premium from Accountant Edition and I was previously able to make adjusting entries to GL 1200-1300-2100 now it is not allowing me to do this ( when I converted I was assured that the premium version had all the…