Welcome to the Sage 50 Canada Support Group on Community Hub! Available 24/7, the Forums are a great place to ask and answer product questions, as well as share tips and tricks with Sage peers, partners, and pros.
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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
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…
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. …
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…
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…
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…
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…
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? …
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…
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…