Sage 50 Canada

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.

Year end adjustments to account payables

Posted By Margaret Kasza over 2 years ago

I know there was few topics on similar issue but it seems I didin't find the answer.

I received following year end adjustments

Account payables Cr 20 000

consulting services Db 20 000

Since I cannot do adjustments to accounts payables without unlinking the account, how can i make it work?

The issue is that A/P report he pulled from Sage doesn't agree with GL. How to adjust the A/P when it doesn't agree to the supporting data. The end result we are trying to achieve is reduce the GL by 20 000 so it agrees to Aged A/P report.

Thank You,

Margaret

0 Alwyn over 2 years ago

I like your cautious approach, not wanting to unlink an account until you have explored options. Under the maintenance menu, have you checked your data integrity? If the A/P account is out of balance with the A/P module then you would have to unlink, correct and re-link. If the integrity check does not show an imbalance then you would have to determine which vendor invoice is missing and add it so that the A/P total agrees with the year end entries.
Cancel
Vote Up 0 Vote Down

Sign in to reply

Verify Answer

Cancel
0 Margaret Kasza over 2 years ago in reply to Alwyn

Thank You Alwyn. Yes, as data integrity was ok, I worked with my accountant and we found the error.
Cancel
Vote Up 0 Vote Down

Sign in to reply

Verify Answer

Cancel

Sage 50 Canada

Year end adjustments to account payables

COMMUNITY

COMPANY

PARTNERS

SUPPORT & TRAINING