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…

Dear Community, I am only working with SAGE 50 for two weeks and are supposed to create the new year for 2024. However, the system won't let me do this and refers to the error messag below. The issue might be caused by using different currencies, however…

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…

First time on here... How do I adjust the value of fixed assets? Specifically, the value of land and buildings owned by the company. Thanks.

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…

Sorry I am not sure is it the right forumn to ask , but I am having an issue on Simply Accounting Pro 2010. I finsih all the invoice posting and reconciliations for 2023, I am able to run the reports but it just not allow me to start the new year 2024…

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?

Hello We have done the forwarding the year because we had to do our pays and we took out all the report as well done the back ups. But come to find out i have a payement that was done but not entered in the system for the pervious year. can i go back…

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…

when i performed a new year process to close the 2022 calendar year to roll to the 2023 calendar year, the current year skipped from 2023 to 2024 (January 1 2024 is the new year). This is before closing 2022 year: When i force the year end date to…

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? …

Help! I just noticed that on my review from the accounting firm they have indicated that I need to make journal entries for previous years to resolve the note on the year end adjusting journal entries sheet to address the comment "To record PY AJE not…

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…

Help! The company purchased a vehicle a year ago and upon doing the year end, the accountant found that the HST paid on the purchase of the vehicle had never been submitted to the CRA. He said I could claim the missed ITC on the next HST return. My…

Hello, I am a new user and not familiar with how the database works. I would like to start a new year but still work in the prior year. Is that possible? I would like to be able to do deposits in the current year, but still enter payables and the like…