Sage 50 Canada

I am new to accounting and bookkeeping and I am working for a plumbing company. There was no previous LOC account on my Sage program. So I created a bank account in current liabilities if that is correct? We transferred money from the LOC account to…

Hi, I had an accounts receivable paid by a customer, however, the cheque they wrote us was short by the small amount of $0.20 (the cheque was for over $5,000.) I entered the A/R as paid in full, knowing that when I do the account reconciliation that…