Sage 50 Canada

Hello, I am in the process of entering historical transactions and have come to an impasse: What is the proper way to post pre-payments that clients have made towards open invoices and what is the proper way to post deposits we have paid our suppliers…

Hi there, Our sage has multiple data inconsistencies due to high turnover in the office and having office staff attempt the bookkeeping. Due to this, i'd assume many incorrect entries have been made to cause so many inconsistencies. TOTAL DEBITS Data…

Hi there, I have received a second payment for a customer invoice that was already paid a couple months back. We receive the payments via EFT into the bank account not by cheque. I applied the second payment to another invoice the other day but the customer…

Hello, I'm wonder what is the best way to handle the CERB benefit for a sole-proprietor who is required to be closed? This considering that the Benefit is not ‘sales’ related. I assume that at the end of the year the owner will receive a tax remittance…

Hi everyone! I have just began as the treasurer for a not for profit organization in my town. I do have some basic accounting courses, however I am not sure how to deal with their Sage 50 Premium Accounting program, as someone has already set up a lot…

Hi, We are sending our payments to our suppliers with the EFT transfer with RBC Express. All of our suppliers are saying that it is not written the name of our company on their bank statement. It is written Banque Pay/Pay. We talked with RBC and they…

Hello, This is a bit of a mystery. I post payments by cheque to a 1000 Cheque Clearing Account. Then on the deposit slip I clear those cheques out of the holding account and deposit them to my bank account. I have a series of cheques that I have already…

Can you tell me how to move cash "to be deposited" to the chequing account? This transaction was completed without creating a customer invoice so there is no offsetting transaction.