Sage 50 Canada

Hello, Is there any in-person or zoom training for new users, or a certificate program in the GTA? Thank you!

I'm upgrading an existing company from an old Simply Accounting 2008 system to SAGE 50 2022 Pro. This company has a June year-end and is set for "no entries prior to Jul 1, 2021" - which implies to me that the year ending Jun 30, 2021 has been closed…

Hi everyone I am coming back to Sage Canada after a long hiatus and I seem to have forgotten some of the key points to fiscal year end that I need assistance with. My fiscal year end is Oct 31, 2022 (We run Sage 50 - Premium Accounting) I have payroll…

I'm installing a new SAGE 50 system for a company that has a June year-end and have a lot of work to do before I'm ready to close the books. Can I set up a new Company and have someone else enter the new year's transactions, then export just the transaction…

I just ran an Integrity Summary for a client of mine and everything matches except for the Deposits. Dep Bal Balance $60778.90 Prep Ord/Deposit $57379.30 I don't know why but I am at a total loss at the moment as to how to fix this. I took over…

I am creating a company in Sage and am entering Opening Balances. There is a an opening balance for Rent deposits. I entered this amount in the chart of accounts on 2260 Prepaid Rent/Deposits and the Data Integrity is out by this amount. I cannot figure…

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…

I work in an accounting office. For years, it has been our practice to ask clients for a copy of their latest .cab file when we do their yearend. This is an ordinary .cab file, made using the usual backup procedure. We are not asking for an 'accountant…

Hi there, I am trying to enter a year end journal entry which is Dr to Accounts Receivable and Cr to Wages and Salaries to record Wage Subsidy. I can see account 1200 Accounts Receivable in the chart of accounts but I can not see it in the drop down…

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…

Hello We completed our year end successfully but now it will not let us post any new transactions as this error comes up Invalid date. The date must be between 01-01-2020 and 12-31-20. Yet we are trying to date something for today's date. The…

We are a service company - and provide service on a monthly basis. Our fiscal year-end is January 31st . We email the invoices out in February for our service provided in January, 2021. Our accountant advises that any payment received after fiscal-year…

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 This is the first time I am doing a year end in Sage and just have a few questions. How do I flip to the new month and will I still then be able to post in the prior year and continue in the new year. I think I read that you put a lock date when…

Trial balance and the Balance Sheet is showing a debit balance in AP, but Vendor aged report shows zero, on the same date. The balance in the trial balance is composed of the payments made on the invoices entered historically, and every invoice was paid…

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…

Sage 50 - Year-end and Compliance Training This course is designed for customers who are responsible for completing payroll (calendar) and fiscal year-end as well as CRA compliance, including sales tax remittances. You will learn how to start…

I am new with SA Canadian edition. Our year end is Oct 31/2019 and I need to issue payroll, cheques and bank deposits. I can't move forward close the year as I haven't received year end entries from the accountant yet (obviously) Is there an easy way…

Learn how to tackle calendar and fiscal year ends and how to start the new year on the right foot. October 22, 2019 This course is designed for customers who are responsible for completing payroll (calendar) and fiscal year-end as well as…

Our fiscal year end is August 31st and I have never processed a fiscal year end before. Once I roll over to the new year, and I still able to post in the year prior should anything come up with an August 31st or earlier date? As well, I would like…

Hi In attempting to reconcile January 2019, I've realized that the Reconciliation Report 'START DATE' is December 1, 2018. The only issue is that I already closed off 2018. Now, Reconciliation & Deposits shows Last month end balance, along with last…

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…

Data integrity tells me I have an error between the Vacation pay balance and the vacation pay owed. I can't find the error and have no idea of where to look next. Can someone help me with this?