Welcome to the Sage 50 Canada Support Group on Community Hub! Available 24/7, the Forums are a great place to ask and answer product questions, as well as share tips and tricks with Sage peers, partners, and pros.
Theoretical scenario...supposed I wish to overpay a vendor, how would I make this entry in SAGE? Supposed I have created a purchase invoice for a vendor in the amount of $95, but I wish to pay the vendor $100 to result in a $5 credit on account. SAGE…
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.
Helping a friend who's computer crashed, losing all her company data. Got the accountant to send last years ending balances and started from there. For account receivable and account payable balances, I set up a new account - Accounts Receivable-unlinked…
Hello. For some reason there appears to be a negative invoice on a vendor record that I can't get rid of. I believe it was originally entered as a credit invoice. I need to delete this invoice because it is showing a credit balance when in fact there…
Remember last week we talk about how to do an adjustment if the Inventory GL account is too low. This week, we will go through the opposite, which is the Inventory GL account is too high.
For you information again, before you make any adjustment entry…
Hi Gedc,
For you information, Sage 50 does not remove any entry that is already posted to the book. When you adjust an entry, it will post the opposite entry to offset the original one and then post the adjusted entry.
In your case, since the purhcase…
From time to time, you may encounter a situation that no matter how hard you try, you cannot lookup an invoice that you want to make adjustment. When you open the General Journal Report or the Customer Aged Report, it is there. Thinking you finally make…
