Sage 50 Canada

When running payroll, our employer EI and CPP do not expense to an expense account. Why would this occur?

I have an employee that we are going to start reimbursing them for their phone bill. I have entered the employee in payable as a vendor. My question is when I post the charges do I account for the GST paid or only the lump sum of what I owe the employee…

One of our employees received a benefit from the government that we paid straight out as an expense claim, later to find out it should have gone through payroll as a wage and subject to CPP, EI and Tax. How do I fix this in SAGE 50?

How do I enter extra income tax to be deducted for an employee?

Hi, Looking for a bit of assistance in bank recs. I took over the bookkeeping for these accounts and these entries were done prior to me being here. The rec balances in that it agrees with the bank statement, all transactions are accounted for on the…

Quand je fais un encaissement, quelle date faut-il indiquer dans Sage ? La date de l'encaissement ou la date du chèque ? Lorsque je mets la date de l'encaissement, elle ne correspond pas au chèque dans le bordereau de dépôt. Merci de m'éclairer !

Hello! We are changing our fiscal year end to March 31. However, before this change was decided upon there were transactions made in Sage past that date (all the way to December 2024). Is there a way to reverse those transactions to change the date…

Comment insérer un chèque crédit d'un fournisseur dans bordereau de depot

Hello, I followed these instructions How to create a new income for severance pay with only income tax calculating on it (sage.com) to create severance pay line in payroll, however when I get to step 5 in part 1, I get a message that says "for the income…

I opened a new company and entered the trial balance I was given by the accountant into the matching ledger accounts into the ledger records as historical starting balances. I would now like to move out of history mode and move the fiscal year forward…

My client has paid a retainer for legal fees, I’m wondering how to post it.

Hello, I am looking for an entry to clear -20000 balance in the 2622 CEBA loan account payable for the amount of the forgivable portion that we previously claimed as income in 2020 but were later deemed ineligible. We have repaid the loan, which account…

I made a prepayment to a vendor and recorded it. However, the vendor has now refunded the amount back to us. I'm not sure how to account for it at the moment, but the refunded amount has been deposited into our bank. any guidance?

I've set up several bank accounts in my chart of accounts but not all appear in 'Bank Accounts'. How do I get all the bank accounts to show in 'Bank Accounts:. I want to move away from manual bank reconciliations at month end.

J'aimerais ouvrir un nouvel exercice en date du 1 Avril 2024, sans toute fois clôturer mon année fiscale prédécente, car les conciliations ne sont pas terminées.

Il serait intéressant d'avoir un champ de recherche de numéro de facture directement dans le module encaissement de Sage 50. J'utilise un code client pour idenfier mes clients et ceux ci négligent de l'indiquer lors d'un paiement la majorité du temps…

I am looking to merge 2 projects into 1. I see that this can be done for Customers and Vendors but I require the 2 projects to be 1. Any help would be greatly appreciated.

I am brain-dead this morning. I have a new client, set up the Sage 50 for the first time, and have done several bank reconciliations for the current year starting with Apr1/23 as the first bank rec. Client now wants me to do the previous year - I…

I am totally bewildered by Sage 50 posting entries for WSIB and Source Deductions to the payables account at month end. I want those balances to show on the balance sheet in their respective accounts.How do I get Sage to stop posting to payables?

Hi, How to post the journal entries for the paying the benefits statement to the benefits company at the beginning of the month the employee and employer portion is automatic out of the account. How to post the payroll entry with the employee deduction…

hello I am making my entries in Banking, using the correct account, correct dates, etc and they all show up correctly in my general ledger, but when i go to reconcile account, there is nothing there except the first entry. I have been using Sage for…

Hi, have never used the payroll function in sage for very long. I want to confirm how to deal with the payroll entries specifically with relation to benefits. I cannot find an answer. We enter the paycheck into Sage and then we pay it online manually…

I reconciled the bank statement for December 2023 in February 2024 and posted the reconciliation. Is it possible to change the reconciliation date after it has been posted?

I am trying to create a taxable mileage benefit for our employees, however, when I use the income type "Benefit" and enter mileage for payment on an employee's payment, it behaves as a non-receivable benefit. How do I change the set up so that Sage will…

In the Federal slot on an employee record, I entered the Basic Personal Amount. On the line underneath I had entered the same amount on the Other Indexed Amounts slot. If I take out the amount from the Other Indexed Amounts slots the tax paid is considerably…