• Chart of Accounts New Account

    I have created a new account and want to tie a previous years account number to it. I can enter that info for all the previous years up to 2022, but am not allowed this option to enter the account # for 2023 - Can someone please advise why that would…
  • Cannot post an account code in our General Journal - that we have been able to in past.

    Since the latest 2024.1 update, We cannot enter a Ledger Code into the General Journal that we used to be able to all the time. Does anyone know how to fix this? I have read previous QAs on this subject, but none of them answer my question, as it was…
  • Chart of Accounts Numbering

    Is there some way to have operating revenues from Acct 4000-4999, Op Expenses 5000-5999, then a section for Capital Revenues 6000-6999 and Capital Expenses 7000-7999. Basically I would like to have a revenue and expense section which would then provide…
  • How to Input a Grant?

    I need help! Our small business received a digital grant of $2500 which was deposited in December 2022. We did not make any purchases from this grant until January 2023. My questions:: How do I input this grant into Sage? I know that I have to put…
  • Unable to make Liability Account Inactive - Linked to another account?

    I have a few liability accounts that were used to reconcile company credit cards that have not had any activity for a few years. Some I was able to mark as inactive, others come up with the message "This account cannot be set to inactive. Either the account…
  • Chart of Accounts

    Can I create an entirely new chart of accounts in an existing company?
  • Cashflow Statement - A/P operating vs investing activities

    Hello, I am trying to produce a reliable and accurate cashflow statement in Sage 50 Quantum Accounting Canada. To me, a cashflow statement should start with net income, then take into account cashflow adjustments from operating activities, investing…
  • How to remove an account the is our of order?

    I have removed/reversed the transactions in the account. But I still can't delete it. The number of the account fall directly inbetween another 2 accounts that are in use. so I can't create a new header account to delete this one. It is stuck our in no…
  • What is the best way to use Sage50 pro 2021 can.ed to manage charity donations and receipts?

    I just got the mandate as volunteer Treasurer, Should it be posted as invoices and payment or otherwise ? I've seen a Youtube video with Sage 50 setup specifically for donations and funds management. I can't see such options into the version I have…
  • account number grey out

    I am setting up a chart of accounts and I want to edit an account number but it is grey out. Not all of them are just a few. Any ideas why?
  • Setting up accounts to show expenses and assets

    We are in the final stages of building a house that we will rent out. I have set up a project to track expenses and revenue, but not entirely sure on the accounts to use. Would I set up an expense account for appliances 5115 and an asset account 1840…
  • Change Chart of Accounts

    Hi - New VP of Finance is looking to reorganize the chart of accounts to provide a more uniformed look for reporting. However, most of these accounts have been in existence within Sage for 5 + years. They would also like to create subcategories within…
  • Merchant Fees, Payment Processing Fees

    When Setting up Payment processing fees(charges) in the settings, I find that there is only option to enter Discount Fee %. There is no way of entering a fixed amount. This now has ben be done manually now when reconciliation bank account, as my Debit…
  • Segmented GL codes in Chart of Accounts

    Hello, I need to set up a segmented chart of accounts in Sage 50 Canadian Edition 2019. A same code would look like this 1010 - 1000 Cash - Operating Fund. Is there a way to do this in the Canadian Edition? All the instructions I have found for the…
  • Copy chart of accounts

    I am wondering if there is a way to copy a chart of accounts from one company to another?
  • Provisional Taxes

    Hello, Each quarter we are sent an amount that needs to be paid to both the Federal and Provincial Government for provisional taxes. I'm not sure how i should be entering this in sage 50 and which accounts to use. Thank you Nicole
  • GL Code levels

    I have a GL that has more than one sublevel...can you have subaccounts on subaccounts? e.g. Marketing Subgroup Brand Awareness It has subgroups: Thought Leadership and Tradeshows, each of which has postable GL accounts. Here is a tabular view…
  • New Company Suggestion

    Hello Sage, I am a long - long - Very long time user. I work with a lot of truckers - Long Haul Truck Drivers. Everytime I set up a New Company I have to use a generic setting for this as you do not have any preset accounts for these business. …
  • New Chart of Accounts for an existing Company

    I created our registered charity in SAGE but I skipped the step to import or use the default chart of accounts when using the Wizard. Now it appears that I have to create every account individually or create a new company to be able to use the Wizard…
  • Trial Balance Report - Department Numbers

    When I print the Trial Balance report it includes the description of the departments (Flexible Loan Program,for example) but it does not include the department number. When I try to modify the report, the department number is not available in the "Columns…
  • Business Debtor Search - to which expense account should this go?

    We have run a business debtor search at a local registry office to see if one of our clients has any writs or liens, and I am wondering about which is the best account to put this expense to (the cost was only $24.00). Probably " 5700 Office Supplies…
  • Inventory Layout

    Hi, I am completely new to Sage and bookkeeping and am receiving help setting up my inventory list in my Chart of Accounts. Could anyone help me understand the difference between the Group Account vs the Sub-group account? 1520 is listed as Rocker…
  • Recycling Fee with Laptop Purchase

    Hi, This is more of an accounting/bookkeeping question... we just purchased a couple of powerful laptops and there is a line item near the subtotal for the gov't required recycling fee of $2.40. I'm wondering where to put this $2.40 recycling fee? …
  • Chart of Accounts vs. Trail Balance Amounts

    Re: Chart of Accounts: After posting an adjustment, on Dec. 31, 2017, for Computer Hardware (Amortization): Account #1850 (Net-Computer Hardware) balance is Zero. But wonder why amounts for computer hardware - And - Accumulated Amortization continue…
  • Removing amounts from prepaid to current month.

    I would LOVE it if you could post just ONE general journal entry to remove a lump sum from prepaid account to the appropriate month and expense account for every month - all in the same entry. For example: Prepaid - software as a service for the entire…