Sage 50 Accounts
- Sage 50 Accounts - Overview
- Working with Sage 50 Accounts
- Working With Your Accounts
- Working With Your Customers & Suppliers
- Working With Your Products and Services
Sage 50 Accounts - Overview
Sage 50 (the new branding for Sage Line 50) is ideal for small to medium sized businesses who are experiencing growth. It speeds up procedures through simplifying complex accounting tasks and automative repetitive routines. With three accounting solutions to choose from - Accounts (Formerly Accountant), Accounts Plusa (Formerly Accountant Plus) and Accounts Professional (Formerly Financial Controller) - Sage 50 will make a dramatic difference to your business.
Sage 50 is easy to set up and use and is based on familiar procedures from manual accounting. There are plenty of on-screen prompts included to let you create, file, access and update all your financial information. Sage 50 can be fully integrated with other business software, and is available in both single and multi-user versions.
Take a TEST DRIVE
Working with Sage 50 Accounts
>Process Maps – All the main areas of Sage 50 have a process map to make light work of business processes such as sales order fulfilment. A set of steps connected together to show a workflow.
>Dashboards - The Dashboards display a summary of your company’s key information, providing a complete view of your company’s business.
>Data Import - The Information Import Wizard in version 12 makes it even easier to import customer and supplier records, transactions, stock, and project records.
>Multi-company and multi-user options - Sage 50 gives you the ability to store and process more than one set of company accounts. It also can allow more than one person to access and process transactions at any one time (additional charges apply for extra users and companies).
Working With Your Accounts
>Nominal Ledger – This is the heart of your Sage 50 accounting system, where all your business information on your assets, liabilities, income and expenditure are held. This forms the basis of your profit and loss and balance sheet reports which can be run at month and year ends.
>Accounts Analyser – This feature displays the nominal ledger as a comprehensive on-screen set of charts that can be investigated in more depth by drill-down from the same screen with just one click.
>Bank Records & Bank Reconciliation – Sage 50 enables you to record multiple bank accounts and their details, enter payments and receipts and save bank reconciliations part-way through.
>Cash Flow Planner – Displays outstanding payments due in and out and allows forward cash flow planning, including the effect making or receiving payments will have on your finances over the next few weeks.
>VAT Management & Audit Assistant – In Sage 50 a VAT return can be generated and completed at the touch of a button, in hours rather than days. This feature checks customers’ data for accuracy and helps prepare for an audit. It also identifies suspect/duplicate transactions and runs checks for possible VAT queries and errors.
>Profit & Loss and Balance Sheets – By using the accounting information stored within Sage 50, both of these financial reports can be generated at the touch of a button.
>Report Designer – Gives you the ability to produce reports and information in a way that meets your needs.
>Excel Integrated Reporting - Microsoft Excel can now link directly to your Sage 50 data so that directors & managers can access and analyse accounts information without needing to use Sage 50 themselves or have it installed on the same PC. You can modify and refresh data ranges, change the chart of accounts used and take any Sage 50 report (even a report you’ve designed yourself) and use it in Excel as a Sage Data Range!
>Support For Charities – By working closely with accountants specialising in working with charities, we’ve included fund management, charity-specific financial reports, and an improved chart of accounts designed just for charities.
>Historical Data Analysis – Allows users to archive a complete set of company data before running the year-end. You can then analyse and report on archived data, which is immediately available without having to restore a back-up.
>Accountant Link – Send information to your accountant electronically from within Sage 50. Your accountant can then load, view and record transactions. Corrections can be easily merged back into your data whilst you continue to process your daily transactions.
>e-Banking – e-Payments enables customers to make direct payments through BACS by making the supplier payment in the usual way and then transferring to the bank software using the e-payments button. e-Bank Reconciliation reconciles transactions in Sage with those in your banking software. Download a bank statement into your Sage accounts program and automatically reconcile payments and receipts against both statements.
>Transaction e-Mail – Sage 50 allows orders and invoices to be sent and received by e-mail instead of printed out and sent by post. Imports received orders & invoices directly into the accounts software, so there is no need to re-key the information.
>Cheque Printing – Sage 50 Accounts Plus & Accounts Professional (Financial Controller) only. The function gives you the ability to print cheques directly from your Sage 50 software.
>Foreign Trader & Foreign Bank Account Revaluation – Sage 50 Accounts Professional (Financial Controller) only. Process foreign currency transactions in all major currencies. Produce invoices, credit notes, sales and purchase orders in foreign currency. Make & receive payments in foreign currencies. Maintain foreign currency price lists, handle exchange rate fluctuations, and comply with legislative requires for declaring foreign trade on their VAT returns and in Intrastat declarations in both standard and cash-based VAT accounting. Transfer funds between foreign currency bank accounts.
Working With Your Customers & Suppliers
>Sales & Purchase Ledgers – A comprehensive list of all your customers and suppliers, with the facility to process batch invoices, view outstanding invoices, and print labels, letters, statements and reports.
>Credit Control – Record detailed credit information about your customers and suppliers.
>Invoicing – Generate invoices for your customers by using the product records you created or details of the services you provide.
>Discounting – You can now see and change discounts as you enter invoices and orders.
>Document Manager – Document Manager allows you to maintain control over all documentation relating to a number of areas within Sage 50 such as Customers, Suppliers, Products and Transactions.
>Project Costing – Sage 50 Accounts Plus & Accounts Professional only. This feature lets you create records for specific projects & specific customers, assigning project references to them.
>Individual Customer Pricing & Custom Price Lists – Sage 50 Accounts Plus & Accounts Professional only. As well as the overall Sales price, a product code can now contain a sales price for each individual customer.
>Multiple Delivery Addresses – Sage 50 Accounts Plus & Accounts Professional only. This feature will allow you to store and manage multiple customer, supplier and company delivery address.
>Quotation Handling Process – Sage 50 Accounts Plus & Accounts Professional only. Choose whether you want to turn a quotation into an order or invoice, or whether you want to keep the quotation for your records.
Working With Your Products and Services
>Bill of Materials – Sage 50 Accounts Plus & Accounts Professional only. An easy-to-use Bill of Materials editor allows you to set up records of the basic ‘kit of parts’ for your manufactured or assembled items, now allowing up to 100 hierarchical levels – more than enough for even the most demanding small manufacturing business. The stock transfer option allows you to record the use of stock items to make up one of your manufactured or assembled items. The “Check Bill of Materials” feature allows you to see whether you have enough stock to make up your assembled items and the Stock Explosion and Makeup Reports display and print details of your manufactured and assembled items.
>Stock Allocation – Sage 50 Accounts Plus & Accounts Professional only. As well as allocating stock to sales orders, you can now allocate to projects, or set aside stock for specific purposes. You can also review and modify these reservations.
>Cash Sales – Sage 50 Accounts Professional only. Sage 50 now helps you to execute trade counter sales quickly and easily. The Cash Sale button is configurable, so you can chose which documents should be printed.
>Sales Order Processing & Fulfilment – Sage 50 Accounts Professional only. Enables you to create orders, allocate stock, despatch stock and produce delivery notes. In addition, when you don’t have enough stock to satisfy orders, the sales order fulfilment feature automates this process by informing you of shortfalls and automatically generating a purchase order.
>Purchase Order Processing – Sage 50 Accounts Professional only. Enables you to create an order, put on-order and then record delivery of the stock. Automatically generate an invoice and increase stock levels.
