Sage 50 Canada

Help! The company purchased a vehicle a year ago and upon doing the year end, the accountant found that the HST paid on the purchase of the vehicle had never been submitted to the CRA. He said I could claim the missed ITC on the next HST return. My…

Hello, I am a new user and not familiar with how the database works. I would like to start a new year but still work in the prior year. Is that possible? I would like to be able to do deposits in the current year, but still enter payables and the like…

I just ran an Integrity Summary for a client of mine and everything matches except for the Deposits. Dep Bal Balance $60778.90 Prep Ord/Deposit $57379.30 I don't know why but I am at a total loss at the moment as to how to fix this. I took over…

I am creating a company in Sage and am entering Opening Balances. There is a an opening balance for Rent deposits. I entered this amount in the chart of accounts on 2260 Prepaid Rent/Deposits and the Data Integrity is out by this amount. I cannot figure…

Hi there, I am trying to enter a year end journal entry which is Dr to Accounts Receivable and Cr to Wages and Salaries to record Wage Subsidy. I can see account 1200 Accounts Receivable in the chart of accounts but I can not see it in the drop down…

Hello We completed our year end successfully but now it will not let us post any new transactions as this error comes up Invalid date. The date must be between 01-01-2020 and 12-31-20. Yet we are trying to date something for today's date. The…

We are a service company - and provide service on a monthly basis. Our fiscal year-end is January 31st . We email the invoices out in February for our service provided in January, 2021. Our accountant advises that any payment received after fiscal-year…

I am new with SA Canadian edition. Our year end is Oct 31/2019 and I need to issue payroll, cheques and bank deposits. I can't move forward close the year as I haven't received year end entries from the accountant yet (obviously) Is there an easy way…

Our fiscal year end is August 31st and I have never processed a fiscal year end before. Once I roll over to the new year, and I still able to post in the year prior should anything come up with an August 31st or earlier date? As well, I would like…

Hi In attempting to reconcile January 2019, I've realized that the Reconciliation Report 'START DATE' is December 1, 2018. The only issue is that I already closed off 2018. Now, Reconciliation & Deposits shows Last month end balance, along with last…

Data integrity tells me I have an error between the Vacation pay balance and the vacation pay owed. I can't find the error and have no idea of where to look next. Can someone help me with this?

I am setting up a new company for a client. I have the Fiscal year as Aug 1 2015-july 31, 2016. I have Loans and other journal entries that need to be added for july 22 2015 to Aug 1, 2015. Im confused on how to do it. The program won't let me add those…

I have 2 computers in class 50 per below: Computer-1: UCC at start of year = $800 Computer-2: UCC at start of year = $200 Computer-2 is damaged and I have junked it. No compensation was received for it (i.e., no insurance claim etc.). How do I fill…

Just switching over to Sage 50. So far so good except Retained Earnings. I have a net loss on my previous year of business. My Trial Balance Sheet balances perfectly after entering opening balances. Once I try to enter the net loss in the Retained Earning…

I have recently inherited a bit of an accounting tangle and we need to move onto the new fiscal without closing the old fiscals. Can it be done?

I started the new year before I processed the December 2016 bank recs. I can't change my session date back to December 31st so can i process the Dec Bank Rec in the January session date? The warning tells me it will affect my prior year reports and current…

I have recently taken over the accounting function. I noticed that the Retained Earnings at the end of 2015 does not match the opening balance for 2016. This throws my Trial Balance out of balance. I ran an Advanced Database check, but this didn't solve…

Can i post 3560 Retained earnings -Previous year ( Debit) and 5840 Clearance account ( Credit ) in the general Journal when doing year end ?

Hello, Could someone please help me solve this problem: Integrity Summary: Total Debits 317,268.89 Total Credits 317,268.89 A/P Balance 3,412.60 Unpaid invoice/prepayments 3,390.00 A/R Balance 17,074.30 Unpaid invoiced/deposits 17,074.30 Advances…

I encountered a discrepancy error when trying to reconcile my current month..after some investigation it appears some previously reconciled date was changed. I found out how to back out of my last reconciliation from the Sage website which I followed…

I just finished year end wizard for closing out 2012. I tried to go into my bank reconciliation window and now there are no transactions to be found in that module! All of them are somehow now missing for the whole year of 2013? Any help would be appreciated…