Sage 50 Canada

Hello, How to post a loan that is paid directly to our vendor. The money doesn't touch our account. Thanks for any help, Margaret

When entering an ROA the first time, it was posted as 'pay later', when I went back to adjust it to a check like it originally was, it says " cannot be adjusted as payments has been made already" or something like that. I looked up what to do and it…

Hi Everyone, I paid a US based supplier a USD wire payment that did not go through due to inaccurate banking info from their end. I am trying to reverse the payment in the Payments window (with show all fully paid invoices on) so I can issue a USD cheque…

Hello, I have a YE adjusting entry that requires a debit to A/R and credits to both Allowance for Doubtful Accounts, and Misc. & Adjustments - this entry will correct writing off a bad debt twice. I know I cannot post directly to A/R, just not sure…

Is anyone else having problems getting their sales estimates to flow to a sales contract to an invoice? I can go from an estimate to an invoice, no problem .... however to go from an estimate to a sales contract to an invoice it will not post. I can email…

I am trying to adjust a receipt that I made on July 31, 2022. I get a message saying "The transaction cannot be adjusted because the transaction date occurred before the previous fiscal year." Our fiscal year end is June 30th. I KNOW I did not create…

Hi, In June, I posted and invoice to the vendor. Now, after discussion the invoice is cancelled. How can I void it without affecting June reports? Can I just post another invoice with negative number and name it as a Void? Thank You

I have received two credit invoices from a supplier, we entered them into Sage 50 using the payables Credit Note option. When we look at the credit notes they show properly as negative dollar amounts, but when we run an Supplier Aged Detail report they…

I got income tax refund $100 I posted Dr. 1060 Chequing acct.& cr. 2160 income tax payable but in the financial Balance sheet under income tax payable has a balance $100 which I think should show .00 Do I do instead of put cr 5680 income tax expense

In 2019 and 2020 we paid X foreign withholding tax in USD. Our accountant recorded it in CAD on balance sheet as a accrued receivables. Now, we received that tax return in USD. How do I record money we received, what account should I use? Once money is…

I paid vendor $1500 but the wire bounced to us in amount of $1460. We paid $1500 again. How do I record it? Thank You, Margaret

We are a small business but have a company credit card that we use to make a lot of purchases. When we started, our accountant had us enter our credit card purchases into an excel spreadsheet and then enter them in to sage using the general journal. I…

When customers come in to pay their invoices, there is a 2% charge for credit card payments, but I am currently manually calculating them, then adding it separately upon payment. Is there a way I can have that done automatically thru Sage somehow? Thank…

i am trying to enter receipts for purchased paid at the store with a debit card. Sage is only giving me the option to pay by check or cash. What is the best way to enter receipts?

I am unable to post a payment to my receipts journal although there is an amount owing when I open my receipts it does not show any amounts owing for any of my customers although the amount is still in my receivables ledger and balance sheet but this…

Hi there. Anyone have great things to say about an add-on that automates A/P posting? We've been playing around with Auto Entry... Any others out there that you would recommend? Thanks!!

Good day First post here. Hoping I can find some clarity here (have basic bookkeeping experience). Company has to pay a supplier a deposit when placing an order for a product. The product will be delivered about 3 weeks later. It will be installed…

hello out there, hope somebody can help me. i do have an discrepancy of CPP /EI and Tax ( in my books it is higher then CRA gives me/ YAY:) Now i wanna post an payment made to receiver general, for the full amount. Do i put the rest off the payable…

Hi Everyone, I have two concerns, i hope someone knows what's going on. I will enter payables into my expenses and process. Issue 1 - sometimes these items completely bypass the payment section, so when i go into payments to process it states…

We have a customer that has had invoice lines copied over from unrelated invoices when posting a new invoice using the SDK. I've confirmed that the data was copied from an invoice already in Sage as the data that was added included unique serial numbers…

Hi all, Hoping you can help me adjust my practice for deferring revenue and recording it as earned. Can you tell how you would approach recording deferred and earned revenue in the case described below? I'm about to onboard a very big client (i.e. many…

After posting YE adjustment for bad debt in GJ, my client aged summary report still shows the client. Here is the adjustment that was made: 1201 (Accounts Receivable) Cr 2000 1205 (Allowance of Doubtful Accounts) Cr 10000 2310 (GST Charged on sales…

We have been having an issue with part of our company not submitting invoices on time. This leaves us with invoices dated for months where the HST has already been submitted. Is there a way that we can enter the invoice with the correct date for aging…

Hello I made a mistake entering wrong year. . There is a payable invoice dated 2021 June 30th. But I entered as year 2020. I was going to make a reverse entry dated as 2020 June 30th . But it doesn't let me do it because it is invalid date. And saying…

Hello, Is there a way to link project numbers/names from the Projects module in Sage 50 to customer statements? I code all AR invoices to a project and I would like to be able to add this information to customer statements as we are no longer using…