- Create quotations and invoices - and know how much profit you will make on each quote or invoice before you commit.
- Credit from Invoice - You can now click on the new credit note button to automatically credit off any invoice, it will add the same details automatically and allocate it against the invoice.
- Credit Control - if you want to grow, you really need to take more active control over the business – Sage 50 Accounts provides more sophisticated features to control the finances – such as Credit Control to help manage cash flow in and out of the business.
- Improved Report Capabilities - The reporting in Sage 50 Accounts is powerful – including Excel Integrated Reporting to allow managers to analyse their business performance in great detail. With the new batch reporting feature, all reports can now be produced at the touch of a button.
- Refund management – recording payments made to customers and receipts from suppliers directly onto their accounts, simplifying refund process and reconciliation procedures for VAT and Bank procedures.
- Department Management – if departments are a key requirement to the business, you can produce Profit & Loss, Balance sheets per individual department or for a range of departments based on date (Accounts Plus and Pro) or accounting period, allowing you to monitor business performance and key trends no matter what they are used for.
- Batched Reporting - The new batched reporting feature, you create your own batches of reports and run them all off in one go print or preview. This will save you valuable time and make sure reports do not get missed, e.g. at month end, quarter or year end.
- Multi companies – it may be the business has expanded – opened another shop or office, the additional companies in Sage 50 Accounts will help you manage this
- Report Designer - has been updated and improved: - You can now use more complex filters and expressions and add your own custom criteria to your reports and layouts. You can also amend existing reports more easily by moving and changing existing sections.
- Manual VAT Adjustments - You can record the amount together with the reasons for each adjustment to help you reconcile the changes and account for them when facing inspections from HMRC. Because each transaction is now flagged with a unique VAT return number and stored along with complete histories of your VAT returns, they’re easy to trace when it comes to audits.
- Flat Rate VAT - Sage 50 Accounts currently only deals with Standard VAT accounting schemes. It cannot deal with the Flat Rate VAT scheme where you pay VAT as a fixed percentage of your VAT inclusive turnover so the difference between the VAT you charge your customers and the VAT you pay on your purchases. Customers currently on the scheme have to use various workarounds and manual adjustments. New to 2011 is the ability to also deal with Flat Rate VAT scheme, produce the relevant VAT returns and stay compliant with the HMRC. Sage 50 2011 also provides customers the ability to view the benefits / costs of being on the Flat Rate VAT scheme, giving the customer a choice in making the decision to stay on Flat Rate or not. The customer has the option of setting up Flat Rate VAT either during initial set up or during the financial year.
- Sage Pay MOTO Card Payments - Allows you to validate and take card payments by telephone or mail order. It offers secure and instant validation, saving you time and reducing the risk of fraudulent card use. At the same time, all the relevant records in your Sage 50 Accounts software are updated automatically, helping you to keep your bank accounts and business finances up to date, avoiding re-keying errors. (N.B. SagePay merchant account required)
- Diary - The diary helps you to create tasks and prioritise workload for the day, week and months ahead. Recurring tasks can also be set up to make sure regular tasks are completed.
- Multiple Contacts - You can now store details of multiple contacts in supplier and customer records. You may have different contacts for placing orders, sending invoices and statements etc.
- Advanced Data Import - The advanced data import tool allows you to import data from excel as well as CSV files making it much more flexible. It will also now allow you to map the columns of data in your file to the accounts import structure.
- Compatibility with Microsoft Office 2010 - Sage 50 Accounts 2011 upwards are the only Sage accounts program that is compatible with the 32-bit version of Microsoft Office 2010; we recommend that if you are using any other version of accounts that you don’t use it with Office 2010.
- Bank Reconciliation - In Sage 50 2012 you can now post adjustments to customer and supplier accounts without having to close down your bank reconciliation and then have to start again from scratch as they would have to do with older versions. The new bank reconciliation report in Sage 50 2012 also allows you to print the bank reconciliation as you process it allowing you to match directly with actual bank statements. This will take into account any transactions that have been removed or amended since the last reconciliation. You will also get a progress bar to show that a PDF is being created, this can take some time but now the customer won’t mistake this as the system crashing which could result in data issues.
- Sage 50 CIS Module available - New fields have been added on customer and supplier records required for the new CIS scheme. Sage 50 CIS will submit both the Monthly Online Tax Return (CIS 300) and perform electronic verification of subcontractor information. (N.B. Need additional CIS module).
- Integrate with Sage Accounts with other software – create a complete business solution by linking to Sage ACT!, Sage 50 Forecasting, Sage 50 Payroll, Sage Construction and 3rd party software via our Sage development service.
- Project Costing - Manage individual Jobs and get a clear understanding of each project's income and costs.
- Bill of Materials - Monitor stock levels for your products that have more than 1 level of build.
- Transactional P&L and Balance Sheets - maximise the use of departments and get the detailed reports for the period that you need.
- Asset Management - The Fixed Asset register allows you to automate journal processes for depreciation and write offs, saving you time and reducing the risk of mis-posting a journal.
- Bookkeeping duties - Prepayments and accruals and the ability to reverse journals all contribute to making the day to day processing easier and more accurate.
- Customer Order Management – Allows you to manage stock allocations, preferred customers and keep tighter control of what is to be despatched, invoiced and what has been returned.
- Supplier Order Management – allows a more profitable relationship with your suppliers and also tighter control over stock. Businesses can easily identify what is on order, what is due for delivery and needs to be reordered. It automates the process of reconciling invoices against purchase orders.
- More users - As businesses increase the sophistication of their computerisation, they need to process more and more transactions. Sage 50 Accounts Professional allows up to 10 concurrent users – dramatically increasing the scope of your business improvement.
- Dealing with Business outside the UK - Foreign trading is becoming increasingly necessary for businesses to expand – the full foreign trading capability of Sage 50 Accounts Professional allows complete control of foreign currency transactions.
Have a question? Call 0845 009 8090
