Working with 4-Accounts Payable > 4-4 Vendors (Accounts Payable) > T5018 Balance Startup and Adjustment

T5018 Balance Startup and Adjustment

Use the T5018 Balance Startup and Adjustment window to set or adjust the T5018 balance for the calendar year for a selected vendor.

Sage 100 Contractor tracks vendor T5018 totals by calendar year. If you are transferring vendor totals from another software package, use this window to add the previous T5018 total to the calendar year.

Note: If you have vendor voucher totals from a Sage 100 Contractor version prior to 19.2, Sage 100 Contractor adds those totals to the T5018 balance automatically.

ClosedTo make adjustments for your T5018 totals
1 Open the 4-4 Vendors (Accounts Payable) window and select the vendor whose totals you want to adjust then click Options >  T5018Balance Startup/Adjustment.
2 In the T5018 Balance Startup/Adjustment window, set the adjustment date by clicking in the Adjustment Date box and typing the date in DD/MM/YYYY format.
3 Sage 100 Contractor tracks T5018 totals by calendar year. The T5018 balance displayed in the Current T5018 Balance For Calendar Year box changes according to the date you enter.
4 Type the adjustment amount in the T5018 Balance Startup/Adjustment box. For example, if you know you paid the selected vendor a $500 voucher earlier in the calendar year, but the T5018 total does not reflect it, type 500 in the T5018 Balance Startup/Adjustment box to add it.
5 The ResultingT5018 Balance box displays the new T5018 balance.
6 Click [Save] to close the window and save your changes.
7 Repeat steps 1-5 for any other vendors whose T5018 totals you want to adjust.

Items in this window

Box What it does
Print Vendor T5018 Payments report Click to open the Report Printing window. From the Report Printing window, you can print vendor payments, vendor T5018 payments, and other related reports.
Update or delete existing adjustments

This link appears only if you are logged in as Supervisor.

Click to open the Update or Delete T5018 Adjustments by Date window, where you can reassign the adjustment date or delete all adjustments made on a specific date.
Adjustment Date

Type the date (in MM/DD/YYYY format) that you are making the adjustment.

Sage 100 Contractor tracks T5018 totals by calendar year; the T5018 balance displays according to the calendar year of the date you enter. If desired, you can enter a date for the previous calendar year to display and adjust the previous year's T5018 balance.
T5018 Balance for Calendar Year Displays the T5018 balance according to the calendar year of the date entered in the Adjustment Date box.

Type the dollar amount of the adjustment you want to make to the T5018 balance.

Type a positive number to add to the balance or type a negative number to subtract from it.
Resulting T5018 Balance Displays the adjusted T5018 balance.
[Save] Click to save your changes and close the window.
[Cancel] Click to close the window without saving your changes.
More resources

For additional online resources for Sage 100 Contractor products, visit the Sage Customer Portal. Use the portal to access the knowledgebase, chat online with customer support, or enter a customer support ticket.

For additional training on Sage products, visit Sage University.