Sage 50 Canada

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…

Is there any way in Sage 50 Premier to have the deferred revenue and reserve accounts amounts roll over to the new year? Sandy

Our fiscal YE is end of Feb, so inventory adjustments are being made. On the 28th, inventory counts on one item (as an example but this isn't a one-off) were at 27, it was counted at 22, and on the 29th when the manager went to put in the adjustment,…

I have received the list of Year end adjustments from the accountant and I am used to QBO. Any support thread/videos I find on how to enter these adjustments in sage 50 are incorrect or a different version. Could someone please help me by telling me how…

I have a Deposit received account on my chart of accounts but it won't let me post a Year End adjustment to it.. What am I missing?

We use Sage 50 Premium. After starting new year, I found the balance sheet out of balance. I compared each line of balance sheets as at Jan 1,2024 and Dec 31, 2023. Everything is good except Retained Earning. Retained earning-Previous year of 2024 is…

I have record a couple of entries from the accountant for YE 2023. Do I just go into SAGE and make the date March 31, 2023, our last YE and make the entries? Will that change things from that point forward? Or do I call up my YE backup and do it there…

So I need to do an adjusting entry but when I log into the simply file I am forced to choose September 1, 2022. I do. I then click on PREVIOUS year and I see all the entries. I record the adjusting entry and record the date as August 31, 2022 because…

The business sold during the year and the proceeds of the selling transaction were not deposited in the business bank account, how can I close the books for tax purposes?

Our company has decided to change year end to September 30 2023 rather then Dec 31. There were transactions into the following months that I reversed but the system is not allowing me to change the Fiscal Year End as its showing the latest transaction…

Would I be able to import accountant's year end adjustment entries if I make a change to an existing vendor or customer?

I took over the accounting for a local restaurant. The balance sheet to the last fiscal year end was all I was provided by the former accountant, not the data file. I entered the beginning balances, but it turns out one of the bank accounts on the balance…

I am using Simply Accounting Premium 2012 Canadian (not Sage 50). I always wait about 3 1/2 months to receive the Year End Adjustments from the accountant. It's then a mad rush to post the New Year's entries by the end of April to get the GST in on time…

For some reason I couldn't post transactions for current fiscal year and Sage asked me to start new fiscal year before posting transactions... I did, but now I am in fiscal year 2024... and can't do anything with 2023 dates... how can I reverse it? …

Posted Feb 3 2023 Due to two persons using Sage50 Pro and starting a New Year, it has been done twice, our program is now into 2024 instead of 2023. Is there a way to delete 2024 and get back into 2023.? Appreciate any help

my AR outstanding today is $396,2029.27 on the data integrity screen the AR balance says it is $41,975.09 , the unpaid invoices says $396,029.27 that is exactly what is outstanding, how do I fix this, no journal entries have been made to change anyth…

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…

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…

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, 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…

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…

Hi! I am hoping you can help me! I ran a data integrity check before I was going to switch over to a new year and it has detected an error. It is showing -$25,000 in A/R as well as $25,000 as cash to be deposited, on the balance sheet. I have looked everywhere…

When the client receives a tax credit refund cheque - what account should be credited? Do you individually credit the asset accounts (as it is based on 5% of qualified property acquired in the current year)? And/or - should it have been made in the previous…