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I received a loan from our bank as we refinanced one of our trucks the cash in the account was $ 50,850.00 it has $ 5,850.00 worth of HST is this the correct way to record these funds?
Account Description Debits Credits
Chequing Bank Account 50,850.00 –
HST Paid On Purchases 5,850.00 –
truck refinanicing
East metro auto leasing – 56,700.00
Hi Carl
You refinanced your truck and received money from bank. Your on the right track. The money you received is a debit to the bank, means a deposit to bank, the GST is debited to GST on purchases and East Metro Auto Leasing is credited for the full amount do the loan.
Nk
I copied my entire 2015 year end in Simply Accounting to a USB stick. Somehow I deleted some files on my hard drive & now I can’t copy from my USB stick back onto hard drive. Error message says “cannot open program because a data file missing?” What can I do to fix this?
Hi Bev
You copied 2015 on to a USB stick and now cant restore back. There is a file missing.
Check the USB stick to see if what was copied has an extension of .cab file.
if it does than you have a proper back up of the data files. not the program just the data by itself.
if it does not have a .cab file you do not have a proper back up to be able to restore.
Sage works off of a file and a folder which go together. one can not work with out the other. and I think that’s what happened here.
check the hard drive location to see if there is a file with extension ABC Company.SAI and a folder with extension ABC Company.SAJ.
If one or the other does not exist you need to install the program again and than restore your back up off the USB stick with the .cab extension.
hope this helped.
nk
Hi, I am wondering if you can tell me why my Simply Accounting 2008 payroll module would suddenly not be showing the Name fields ( i.e. Regular, Overtime)under Earnings on my paycheque feature Income>Earnings>Name. This was working two weeks ago with no problems. Have I accidentally turned something off? I am not able to enter anything here for hours because these Names are not appearing, it’s like they are locked out?? Thank you!
Hi Marlene
Your payroll module is missing name fields. I don’t think it’s anything you did and what has been set up does not disappear on its own. Maybe your in the wrong set of books. Maybe you opened a set of books that no longer in use and the payroll in that set of books was not set up.
Make sure the simply program data is the one you want to be workin in.
Otherwise on the employee records screen under income tab, you should have check mark in the use colum for any income that belongs to the employee.
Nk
Hi there,
I am a beginner and currently using the 2010 version of the simply. I have finished the entries for last year and sent the GL to the accountant for the year end. I’d like to continue entries for the new year and don’t want to wait for the accountant. Do I need to go through the year end procedure. Can someone direct me what to do next, please. Thanks
Hi Moe
Your using 2010 version of Simply and want to advance ahead to next fiscal year .
Yes, first close off the year end and advance to next fiscal year and than you can continue entering data for the new year and dont have to wait for the accountant.
When you do get the year end journal entries fromt the accountant just back date the entries so the financials for last year as well as current year will be updated.
Hope this helped. Let me know how it goes.
nk
I have simply accounting pro 2012 release E (19.0.0.5). Two questions:
I presently have this system on a computer with XP. Can I also arrange it so that I can work on a second computer with Windows 8? If not, can I transfer it totally to a windows 8 computer?
I did something that changed how I can pay my outstanding accounts payable, and now when I go to pay, the system will only allow me to pay through a bank account, but I want to be able to pay through my visa account. Is this done through linked accounts? And if so, how do I put it back into the system so I can pay accounts with visa?
Hi Marilyn
You can install Simply Accounting program on as many computers as you like. but you have to have one mother computer where you work off of and enter your data.
My seggestion is to transfer it totaly to windows 8 computer. Make sure you get a backup of current data so you can restore on to the new computer.
Re: AP payments – first make sure the account class is set to bank. by doing that, go to chart of accounts and double click on the account you need and uder class options-account class choose bank instead of asset.
2nd thing is to go to setup-settings-company-credit cards-used. here you can issue credit card name and a designated account #.
Now to test – go to payment journal and drop down paid By menu and the accounts you created should show up.
Hope this helped.
nk
hi
i gave someone a copy of my simply on a memory stick, she made some changes to my 2013 payroll, while she did that i made changes in my 2014 year, what can i do so we can both update our files. do we have to enter it all in again on one computer
Hi Allan
You gave someone a copy of Simply and now you want to merge data.
Unfortunatly you cant. You have to see what data is more important to you. you can give her your current copy of 2014 with the payroll needing adjustments. but do not post anything until you get the simply accounting copy back.
or if you have not entered too many entries in 2014 you can use 2013 copy with payroll correction done and re-enter your data again.
Hope this help.
nk
The Accounts Receivable is created in the chart of the accounts. When I want to use it in General Journal I cannot do it. The account doesn’t appear. I need an advice. Thank you.
Hi Rocio
you want to use the Accounts Receivable and the account does not show up in your entry to choose.
The reason being, Accounts receivable account is a control account. it controls all the entries that go through sales and receipt journal.
If you want to affect Account Receivable you have to access it through the subleger sales or receipt journal.
Hope this helps.
nj
I have a stale date check from last year I need to Void..Please direct me on how I can cancel the check.
Thanks,
Karen
Hi Karen
You have a stale dated chq from last year.
void it as of the current date. if you void it and use last year date it will look weird on your transaction report.
but voiding it as of current date will show that you waited for the chq to clear and after it did not you voiced it.
nk
I am trying to make adjustments to a previous year but simply won’t let me go back into the previous year. When I looked at the company information the last year indicated is 2014 (April 1 – March 31)but I need to adjust on March 31, 2015.
Hi Barb
Your trying to post entry into last fiscal year.
remember only transactions going back one fiscal year can be posted and not two fiscal years.
try this:
from the Setup tab go to settings – company and system. make sure the “Do not allow trans dated before” is not checked off.
nk
I made a new sales account but it does not show up in my transactions by account report.
Have I done something wrong? Set up is identical to our other revenue accounts
Hi Jean
your sales account does not show up in the transaction by account report.
Few areas to check:
When you created the account the Subgroup Total, Group Total and Group Heading should not be checked off.
The Omit from financial stmts if balance is zero should not be checked off.
make sure the account is not set as Inactive account and this account is not used as a linked account under the setup – settings menue option.
nk
I am starting a new fiscal year. The program is asking me if I want to clear the old data from the system. What does that mean?
Hi Gemma
I never clear off the data. Sage 50 can hold up to 50 or 100 years of data. Now you don’t need to hold that much of data but at least the last 7 to 8 years just in case CRA comes calling.
Clearing the data will wipe out history. for ex: in accounts receivable if you need to review old invoices they will not be there. same with payables and journal entries.
nk
reconcilation problem even on a blank page show discrepancy in bottom l h corner, even when opening, closed last month no discrepancy, will nto allow to process wutil dicrepancy cleared, cannot manage to clear this
Hi Reed
I had that once. the only way I fixed it is to trick the system.
I checked off all the entries and worked it backwards by checking off the outstanding chqs and deposits.
It seemed to work itself out.
Make sure the start and end date are correct and the bank balance is right off the bank stmt.
good luck.
nk
Hi,
I can’t proceed journal — say “no enough memory”. But, my computer has enough free space.
Hi Lisa
your Sage 50 indicated “not enough memory”
I have that happen to me at start up but only for few seconds until the home screen loads up.
But within the program it has never happened.
Under Maintenance menu check Check Data integrity. or maybe you have an entry running in the back ground that’s not been posted yet and the system is trying to complete that task before it gets to the newer task.
Hope it gets resolved. if the problem persists contact Sage 50.
nk
When I open customer statement box, it does not show any customer name there. I have more that 40 customers in my simply accounting. to open customer statement box, I go to report, receivable, customer statement, and there no customer name under “Select Customer”. I use Sage 50 Accountant edition.
HI Mahabbul
You need to print stmt for your customer.
bring up the customer profile and under options tab click Product Statement for this customer.
You should be good.
nk
Hi I am trying to set up a linked account for a payroll deduction(RRSP). when I am under the linked accounts tab on the settings, only a few of my accounts show up as options. when I type in the account number I want, the system doesn’t recognize it and asks me to create a new one, at which time it tells me that the number is already in use. The account I want to use is not an option. Any ideas why?
I use Simply Accounting Pro 2007. In the account list under Liabilities there is an account numbered 2020 titled Accounts Payable. But in miscellaneous transactions this account is not listed so I cannot post to it. . I would like to post to the 2020 account. How can I do this?
Hi David
The unit cost of an item is defined by the supplier invoice.
It always picks up the last supplier invoice that you record as unit cost.
nk
I am a manufacturer of modest swimwear – a small business – I have over 30 products but i need to change the UNIT COST of many items so my Cost of Goods Sold will be more in line , not just as an adjusting entry, but for ongoing. How do i do this? I printed out the Inventory Summary Report and it shows some items dont even have a Unit Cost (its 0) – and some other items have the wrong unit cost. I am using Simply Accounting by Sage Enterprise 2010. If i go to the product i dont think it allows me to add or change the UNIT COST .
We are using Simply Accounting Pro 2012.
We use it for keeping a General Ledger only (do not use any of the modules for invoicing, purchasing, employees etc)
We are not able to “Start a New Year” with this program. There seem to be linked accounts that are pre-set and not used that are needing to be reconciled. How can we start a new year without just starting the whole thing over again. (This is what we did last year.)
Hi Mary
You cant start a new year.
If Sage 50 created the chart of accounts it would have done all the linking of the accounts as well.
go to setup, user preferences, view. here you can tick off the modules your not using and just leave general ledger.
nk
I inadvertently advanced the history mode before I entered that bank account opening numbers? What do I do now? I’ve entered all my outstanding cheques and deposits but can’t figure out how to get the bank reconciliation to balance because the opening number isn’t there and I can no longer enter it in the setup.
Hi Vi
You need to reconcile your bank.
do a journal entry for the opening amount.
In the General Journal do a entry to capture the bank balance.
You need to debit the bank and credit owners or shareholder account.
Let the accountant know what happened for year end taxes.
nk
I went to rename a file I was working on and now after I renamed it I lost the file. When I go to click on the name I renamed it it comes up saying that a required data file is missing. How do I find it and bring it back?
HI Ray
A required file is missing. It happened to me.
Sage works off of a file name and a identical folder name.
When you do a Save as means you can save your current data file under a different name in the same location or use the same file name but in a different location. After you click the Save button in the Save As window, the new data file will immediately be opened by Sage 50. You will see the .sai file .saj folder in the location where you do the save as.
Make sure for every .sai file there is a identical .saj file. in Sage world they work together and one can not be without the other. The file name needs to be identical but the extension is different.
nk
I posted entries from July 1 until December 31 and had no trouble reconciling up until I got close to the end of doing the December books and realized that I had made a mistake in the bank reconciliation so I went tried to go back in to restore the data from my previous backup and because we had upgraded sometime ago from Simply 2003 to Simply 2010 and then later put the backups onto an external hard drive I couldn’t find my data file. Now I’ve located the data file but when I try to restore from my last backup nothing saves at all. I have purchased Sage 50 but before I install it and try to restore from my last backup I would like to at least finish the entire month of December and then do the upgrade. What can I do to recoup and maintain the data I had already put in and that is now not showing up? I tried to do a system restore in order to go back a day to a period when I hadn’t done the bank reconciliation at all and even that isn’t working. I also tried to start posting from July again to see if entering the data new would work and even that isn’t saving properly. Any suggestions? I just don’t want to have to do six months worth of books. GST is due January 31 and I’m running out of time.
Hi Jean
Your data is lost.
The data file you have make sure the extension is a .cab file and has a thumb print of a cabinet file.
with sage you can backup or do a save as.
Backup is a process to create the .cab backup file of your data. If you need to restore it, you will have to go to File and select Restore. You will only see 1 .cab file if you use Backup.
Save as means you can save your current data file under a different name in the same location or use the same file name but in a different location. After you click the Save button in the Save As window, the new data file will immediately be opened by Sage 50. You will see the .sai file .saj folder in the location where you do the save as.
nk
Simply accounting 2007 is what I am using. I was going to print my sales for the month of October and notice that some of them arent recorded, I have already printed them all when I entered them but now it is not showing me all of them,i save my work and when I go back I can see that it is saved but it is not showing up when I open simply accounting today, what do I do?
Hi Nicole
Your sales don’t show up in your report.
Keep in mind the sales account in the chart of accounts under revenue section will have the sales less any taxes.
If the report your referring to is the accounts receivable report, than some of the invoices will not show up if the customer has already paid it.
Ex: the invoice being recorded is already paid. than the entry will be credit sales revenue and debit bank. so the accounts receivable account will not be affected.
If the issue is still there, you are right, maybe its a glitch in the system.
nk
Hi!
I finished posting and printed all required reports for 2014 and then went to Maintenance to advance the session date to 2015-01-01 but I entered 2016-01-01 in error but didn’t notice it until I went back in to start posting. Is there any way that I can go back and “adjust” that date to 2015-01-01 as it should be?
I hope you can help me out…..
Thanks for your time!
You opened up 2016 and you needed 2015.
If you have a backup you can restore and start again.
If not and you have not posted any entries yet you can click on maintenance and change session date again and try to set it back to 2015.
or – go to setup-settings-company-information and try to set the date back to 2015 in fiscal start and end date.
Hope this helps.
Nk
I was creating an invoice in Simply Accounting 2010 version, 99 % of the way through my monthly entries the program froze – losing all my input for the month. I don’t see a save option to save data as it is being entered ? I am using Vista operating system, is there a way to save as I go ?
I WANT TO KNOW HOW TO CHANGE THE START DATE ON MY BANK REC. I AM DOING JAN 2015 BANK REC AND THE START DATE IS 01/28/15 AND THE END DATE IS 01/31/15. I NEED THE START DATE TO BE 01/01/15…. CAN YOU HELP ME WITH THIS?
Hi Laura
To change the start date on your bank rec. please see screen below. You have a start date and end date. type in the date that you need the report to show.
Why doesn’t the total of my payroll report balance with wages and saalries on my GL
I took the total of wages and salaries on the GL and added vacation payable so shouldn’t that balance with the total payroll on my payroll report for the year Jan – Dec 2015.
Hi Munira
in the Wages and Salaries GL account only captures the gross payroll and the vacation goes to a liability account to be paid at a later date to employees when they take vacation.
nk
I am using SA Pro 2009. I have to deduct a payroll advance from a pay cheque. There isn’t a field for that. Could you please let me know where I can enter the amount of the advance?
Hi Susan
you need to deduct payroll advance.
You can use either Advance or Loan.
See screen below.
HI There,
I haven’t used simply for awhile and I am just starting back and have no help. I am doing month end and I have done my journal entries but I have been told not to enter any receivables until all my supplier invoices are in. Is this true? what happens if I enter my receivables before all of my invoices are received?
Hi Jody
Your want to enter receivables after your supplier invoices are in.
You don’t have to Waite, you can enter them in any order you wish.
The only thing I can think of is the individual who told you that wants the journal entry numbers to fall in sequence.
Meaning – all the suppler invoices first than receivable invoices next.
But If the journal entry numbers don’t matter you can enter them in any order.
nk
Another quick question
I am trying to post a payment from a client and when I enter the total amount and go to post it tells me I am trying to apply an amount that is greater then the invoice but this is not true. I am entering the proper amount. Any advice. It also shows ma a balance of -1775.46 when there shouldn’t be a balance. hmmm i am stumped on this one!
Hi Jody
Your trying to post a payment from a client and it wont let you.
When your in the payment screen double click on the amount owing, this will open up the original invoice and let you see if there is anything that stands out.
If the -1775.46 is not supposed to be a negative amount than somehow the original invoice was not posted properly.
There is a credit in the customer account and you are trying to post a positive payment and the system wont agree.
The -1775.46 needs to be a balance owing not a credit on account.
Hope it helps,
nk
hi, I’m not new to Sage, but need some advice in setting up a new company
Need to start a new company
The business is new (8 mos old)
Small Restaurant and Pub
All revenues are diligently in Excel
Payroll Service in place
All purchases and payments are in the form of piles of paper receipts and invoices paid by the two owners methods (credit cards, chequing, paid by owners other holding companies
What do I need to do to get started as they have no trial balance, what opening balances etc would I use.
Any help is appreciated,
Hi Van Isle bc
OK, so the business is only 8 months old.
In that case the first thing is to create the chart of accounts which will be the heart of your business carrying all the balances from parables, receivable, payroll etc.
Or maybe I need to step back, Open Sage program. at the welcome screen choose create a new company.
Click next – choose the version of Sage that you have
Click next – name and address of business
Click next – fiscal start and end date. the earliest transaction date must be same as start date.
click next – you can let Sage create a chart of accounts for you with all the necessary linked accounts, or you can create one from scratch.
Click next – give file name, make sure you know where that data is being saved,
Now you started your company and are ready to post all the entries and update the financials.
Hi, I had posted this question a couple of days ago, but do not see it here.
I am using SAGE 50 (cdn)
I need to start a new company in SAGE
for a small restaurant and pub
We have nothing in Simply yet
We have all the Revenue amounts – from a POS system, all paid at time of purchase, no accounts payable
we use a payroll service to do payroll
All our expenses – all we have are paid invoices and receipts, we pay them as we receive them
My question is:
how / what do I use in Simply for opening balances, we do not have a trial balance or any financials, just “a shoebox” of invoices and receipts
Any advise is much appreciated
Thank you
Hi Brenda
If this is the first year of the company you don’t have any opening balances.
But if the restaurant and pub was operating before than you need to get your hands on the trial balance or balance sheet from your accountant who completed the tax return for the previous year and enter the balances from that report.
You can do this in two ways:
1: once you have the report do a journal entry and record the balances for each account.
2: open up each account in the chart of accounts and record the balance in the current balance section. Be careful with the debits and credits so they go in the right way for you to balance.
Hope this helped.
nk
Thanks Nooshin,
it is a new restaurant, so I willjust finish entering history, and get busy with the 9 mos of backlog transactions once the chart of accounts and settings are in place.
thanks for your time
Hi Brenda
Sounds like you getting the hang of it.
If I can be of any help please let me know.
It will be nice to build the chart of accounts yourself from scratch.
When Sage creates it you end up with whole bunch of accounts that are not needed.
But for now its good. I can show you how to delet accounts that your not using.
Good luck.
nk
Can I allocate paychecks to specific projects?
Hi Mike
you want to allocate paychqs.
Yes you can. When your in the paychq screen to pay the employee at the top from the drop down menu click on paycheque and choose either paycheque allocate to department or paycheque allocate to job site.
Hope this helped.
nk
Hi! I am using Simply Accounting Pro 2010. I was entering a whole string of receivable receipts. The 2nd last entry I made gave me the journal # of J483. The next A/R receipt I entered gave me a journal entry number of J625! It skipped 142 journal numbers. If I try to view all journal entry numbers, it will not let me go past J483 (it states that J625 is out of range.) If I go into the customer aged report, I see that last receipt got posted. If I double click on the receipt, it brings me to the journal entry, and it shows it as J625. Is something corrupted? Should I stop using the software? Should I try to delete or reverse that last receipt and re-enter it and see if it posts as J484? I’m in a crunch to get this data entered. Thank you!!
Hi Mary
142 journal entries were skipped.
you did not right thing by going into customer aged report and opeing J625.
do the same thing and make sure the date is right.
Make sure the entry did not get posted into last fiscal year.
You can adjust the entry and put in the correct date.
hope this helps.
nk
Your reply came in just as I wrote my own reply. You were exactly right. I posted to a previous period. Lesson learned! Thanks for getting back to me!
I think I’ve figured it out! I somehow accidentally entered the date of my last receipt in a previous period! I didn’t think I was able to choose a previous year’s date. I guess I was wrong. I had to go into the previous year and cancel the receipt. All seems okay now.
I have made an over payment to a supplier, but when I try to record the overpayment in the payments screen after paying the balance of the previous invoice, I can’t what do I do
Hi Kim
The additional amount you paid to the supplier has to be treated as a purchase invoice.
open purchase journal as if you want to record a regular supplier invoice.
it will be set as “Paylater” invoice number will be the original invoice number followed by “OverPy” ex: 12345OverPy
hope you have enough room to put all that in.
Put a little explanation in the description field as to what happened.
in the amount field put in the overpayment with a negitive. ex: -12.57
the account will be the original expense account. and the tax will be calculated on the net amunt.Ex: 12.57/1.05= 11.97(.60 is GST)
Hope this helped.
nk
It seems I have somehow locked the miscellaneous transactions. I can’t open it. All the other icons open, eg purchases orders & quotes or payments
Hi Colleen
You have somehow locked the misc transactions.
Try this.
in the home screen, drop down the setup menu – user preferences-view.
in this screen check to see all the modules that you need are checked off.
Hope this helps.
nk
Hello! I am ready to roll forward to my next fiscal year. I can’t remember what I did in other years, but I am able to view the 3 previous years, and I can even enter data in them. I would like to continue like this, but I forget how to do it. For instance, I am going to roll forward from fiscal 2015, but I would still like to be able to access data from 2011, 2012, 2013, and 2014. Can I have this many open? I want to start working on 2016, but I have to wait for a few closing entries from my accountant to post to 2015. I need to start working on the 2016 immediately, but know that I am not done with 2015. Please help! Thank you!
Hello I just wanted to add
How do I move the Search help bar on the Home page of Simply Accounting 2011? It is hiding the minimize button. thanks
Hi Debbie
Your trying to move the help bar.
I checked it on my simply accounting and the only thing I cant think of is drag and pull the screen and make it wider.
Hope this helps.
nk
I am doing a bank reconciliation and in Expense tab was entering service charges. I got a pop up saying “Invalid Entry” – this transaction must have a source code. When I try to click on OK nothing happens and I cannot get to any other fields to make corrections. In fact I cannot close the program or get to anything else on my computer – it is frozen on the screen.
HI Susan
Your trying to record an entry and it needs a source.
I found sometimes there is a window in the background that needs to be attended to before you can close the current screen.
I think you are in the Misc. Transactions or General Journal, depending on the version of Sage 50, when it happened.
If you cant find another screen hidden behind to close than you have to do a hard shutdown on the system.
Make sure you have a recent backup if it was still complaining.
hope this helps.
nk
I am using Sage Simply Accounting Pro 2012. Will it run on the new Microsoft Window’s 10?
Hi Sherman
I dont see why not.
I have a later version and it works fine.
nk
We have set up budgeted amounts in the Revenue/Expense accounts. Now we would like a report that shows the actual figures in comparison to the budgeted figures – where would we find this report.
We are using Sage Simply Accounting Premium Version 2011 Release F
Hi Helen
You want to print the actual figures in comparison to the budgeted figures.
There are 2 steps.
In the chart of accounts records and under budget tab Budget This Account box should be selected.
Add the total budgeted amount and click on allocate to periods.
Once you have all your budgeted numbers set up this way go to Reports (in home screen) Financials – Income Statement or Balance Sheet.
Under Reports Type choose Comparative Income Statement (2periods).
Under First Period Actual drop down menu and choose Budget Current Yr or Previous Yr.
You should be able to get your report.
nk
Hello,
I am using Simply accounting 12 version where i was opened a new session that need to select session date. But i wrote same session for opening and closing date.Now i want to change the closing session. So what should i do ?
I really need your help to solve the problem. Your help will be appreciated.
Thanks in advance.
HI Shawkat
You need to reset your session date.
Ok. in the home screen at the top click on Maintenance and than click on Change Session Date.
The box will open and you can choose your date.
Keep in mind if your in Multi User Mode this will not work. So change to Single user mode.
Hope this helps.
nk
Hi. I am using Sage Simply Accounting 2012. I am trying to add a new account. I go to Tools and choose Account Info. I than click on File. It
does not offer me the choose to create a new account. Also it will not let me make any changes either. What do I do?
Hi Debra
You want to create an Account in the Chart of Accounts.
ok, in the home screen (I am in the Classic View not Enhanced View of Simply program for this tutorial) click on Chart of Accounts. A yellow screen will show up and you can click on File and Create.
For further help you can check out the complete tutorial.
http://www.simply-accounting-tutorial.ca/category/chart-accounts
Hope this helped.
nk
I am planning to upgrade my current version of simply (I purchased the pro accounting 2014)
I am mid year, but am considering adding payroll. If I add payroll now, will it start my payroll totals over, or will it carry forward the previous taxes, income etc..
Hi Lani
Your upgrading and want to add payroll.
It should carry forward the payroll balances.
Once you install Pro Accounting 2014 restore your backup into the new program and the totals should be carried to the new version.
Good luck.
nk
Hi
I am trying to figure out the credit balances in the inventory variance account. We purchased inventory for a total value of $100. When I look at the entry created I see:
Debit to inventory (asset account) of $200
Credit to payable (actual invoice amount) of $100
Credit to inventory variance (expense account) of $100
But we only purchased for $100!
Hi Julia
The inventory variance is not correct.
You can look at 2 things.
1-in the linked payable accounts make sure the linked accounts are correctly picked.
on home screen go to: Setup – Settings – Vendor & Purchases (or Payables depending on version of simply you have) – linked accounts.
This is the Settings screen make sure the accounts you linked are the correct ones.
2- Click on Inventory module and pick the inventory item code. under the Link Account Tab make sure the liked accounts are picked correctly.
Your entry should be debit $100. to Inventory Asset and Credit $100. to Accounts payable.
Hope this helped.
nk
Need to print a copy of chart of accounts, is there anybody to help me on this!!!
Thanks
Hi Aziz
You need to print chart of account.
From home screen at the top click on Reports – Lists – Chart of Accounts.
Hope this helped.
nk
HI,
I have Sage premium 2012 and just now have a problem with my invoicing. I posted a week worth of customer payments and they show up in my ‘all journal entries’ report, however my balance sheet does not reflect any of these payments. I have not changed the way I enter the invoicing/payments. I keep up to date weekly with payment posting and balance to my bank account but for some reason the payments for the week do not show up on my balance sheet (?)
Hi Leanne
Your balance sheet does not reflect the invoicing and payments made to customers.
its good that you can see it in All Journal Entries section. Make sure the date of those transactions reflect the proper fiscal year.
Sage is very sensitive to dates.
nk
I have installed simply accounting enter prize 2010 on my computer . on my other simply program (computer crashed and lost. I did my journal entries though” tools” and click on for my accountant and the journal entry
box would come up.now where do I find that step to record expenses and sales?
there is no tool category on home page
Hi Catherine
you have 2010 Enterprises and want to know where to post sales and expenses.
to do it properly sales and expenses should be posted in the sub ledger “Sales, Orders & Quotes” and the expenses should be posted in the sub leger “Purchases, Orders and Quotes”
It can also be posted in the “General Journal” or it might be called “Misc Transaction” depending on the version of simply accounting you have.
Hope this helped.
If you have any other questions feel free to let me know.
nk
I am doing my bank rec and noticed that I have the same entry in twice. Looking into it, I posted a journal entry for a payment received and then noticed I didn’t update the comment section, so I went back in and renamed the journal entry the correct name. For some reason it doubled up that entry in my bank rec. When I look in my Bank Rec the entry is in there twice and I am unable to remove one of them. Is there anyway to work around this in order to not have to go to my backup? This will be hours of work for us…Why does Simply do this?!
This is Sage 50 (Canadian Version)I am working with.
Hi Melissa
There is a double entry on the bank rec.
Try this
open up the bank general ledger, (Reports, Financials, General Ledger or transactions by account depending on the version of Sage you have)
open the bank account general ledger and double click on the Source colum and open the original entry you need to reverse in the receipt journal. at the top if the receipt journal there is a red X mark (Reverse Receipt)click on that and the entry will be reversed and the invoice that was paid will now be unpaid in the customer account.
hope this helped. let me know if you have any questions.
nk
In Simply Accounting 2011, is there a way to print the current inventory list of only inventory that has a positive quantity? I get 73 pages showing everything that has both positive and zero balance
Hi Rob
Your trying to print only the positive inventory item list.
I have not found a way.
I export the list to Excel and sort by qty and delete the zero qty.
Hope it works. let me know if you find an easier way.
nk
Would like to know how to print Inventory without showing all inventory items with zero balance
Hi Rob
Inventory items with zero balance on report.
I have not figured out a way to do that except export it to Excel and get rid of the ones with zero balance.
I did that once and it took a while. Until Sage does something, that’s the way to go.
Nk