Sage 50 Canadian Initial Setup – STEP 3 – Create Tender Summary Account

The Tender Summary account enables AccuPOS to split the tendering totals coming from the Point Of Sale at the end of the shift when Sage 50 is updated with the sales information. This account must be a BANK ACCOUNT inside Sage 50.

The Tender Summary allows the splitting of the different tendering totals from a particular day’s sales (for example, splitting up all MasterCard transaction totals from Cash transactions totals). 

When Sales information is sent into Sage 50, all the information goes into the Tender Summary account and from there, it moves into specified GL Accounts.

More information on that is later on in the guide. To create a Tender Summary account:

  1. From the Company tab, click the text on Chart of Accounts and select Add Account.  The General Ledger window appears.

    chart of accounts

 

  1. Set the Account number to 1001 and the Account name to Tender Summary.

    tender summary account

 

  1. Under the Class Options tab, set the Account Class to Bank and the Account Type to Chequing.

    account class type

 

  1. Select Save and Close once you’re finished.

The Tender Summary also serves as an audit trail. 

The balance of the account must always be $0.00. Every day after Sage 50 is updated by AccuPOS, make sure to check the balance of Tender Summary.

If is remains at $0.00, the sales information was imported correctly.

If it is either positive or negative, contact your dealer or AccuPOS Technical Support immediately.


NEXT is Step 4: Enable Inventory Levels to Go Below Zero