WebNov 7, 2024 · Sage 50 2024 Tutorial The Sales Tax Wizard Sage Training 5,917 views Nov 7, 2024 10 Dislike Share Save TeachUComp 44.2K subscribers FREE Course! Click: … WebDec 22, 2024 · How to create a sales tax rate for the eligible portion. Locate the Canada Revenue Agency card and select Add rate.; Enter the Tax name as 'HST 7.5% Liability.'; Select the I pay this on purchases box.; Enter the Tax on purchases rate as 7.5%.; Select Liability from the Account drop-down.; Select Input tax credits (ITCs) from the Show tax amount …
Steve Brown - Owner - Fullcycle Accounting & Bookkeeping
WebBring the mouse cursor over the main part of the invoice and click once so that it changes to a cross with arrows, then double-click. In the Sage 50 Forms Columns Setup, verify that there is a checkmark in the Print on columns box for Company's Tax ID list. Click OK. Click Save Changes. Open or create an invoice. WebGo to Adjustments, Journals, New Journal and complete the following information: Enter the relevant information to record the monthly prepayment, for example: Click Save. You've now recorded the monthly prepayment and this reduces the balance on your prepayment accounts and posts one month's value to your profit and loss. diamond shape worksheets for toddlers
HST and non profits - General Discussion - Sage 50 Canada - Sage …
WebThis option will guide you through some of the main linked accounts available in Sage 50. Use the Linked Accounts Setup Wizard under Setup, Wizards, Linked Account. Click Next to go through all the modules to add, remove or change a linked account for any module in the system; Option 2: Navigate the Linked Accounts manually. Retained Earnings WebDec 22, 2024 · Prepare your current Sage 50 file for conversion and ensure your QuickBooks Online file is set up correctly. Fill out a form to gather your consent for the migration of the Sage 50 data to QuickBooks Online. Select how many years of Sage 50 data you wish to have converted, as well as any optional add-ons, such as Inventory, that you may require. WebApr 15, 2024 · The following details show what should be set up in the company file. Make the Sage 50 file match these details. 2. ASSETS 1000 Current Assets 1020 Undeposited Cash and Cheques 1030 Bank: ... The HST Owing (Refund) account shows the amount of HST that is to be remitted to the Receiver General. diamond shares log in to my account