Sage 50

Product Overview

Sage 50 is the UK’s most popular small business accounting solution and is recommended by over 90% of accountants. It is the perfect solution for businesses requiring a powerful accounting system which will accommodate increasingly complex business requirements.
You may be using a variety of methods to manage your key processes. Whichever system you choose, you’re likely to require a solution that:

Let us introduce you to Sage 50. Meeting every one of the above requirements, Sage 50 will lead you to increased business efficiency. It is designed to streamline all your accounting routines, reduce data entry and save you time.

The program integrates seamlessly with other Sage products, as well as with Microsoft Office software, to create a complete business management system, offering multi-user and multi-company configurations to suit all business types.

Sage 50 will save you time and money and is ideal if your business is growing or developing. It is already relied upon by thousands of UK companies. Sage 50 will assist you in managing your business in the following areas

Managing your Customers
As your customer base expands it is important to be responsive to their needs by having instant access to their individual details. These would include customer contact details, purchase history, credit and trading terms.

Managing your Products
However complex your business, there is a Sage 50 product to help you streamline your stock management, production and order fulfilment.

Managing your Suppliers
Your suppliers can be just as important as your customers and Sage 50 provides you with everything you need to keep track of what you buy and how much you are paying.

Managing your Accounts
Having full access and control over your accounts puts you in a strong position to make confident, informed decisions moving forward with the knowledge that all transactions are visible and have been fully accounted for.

Managing your Finance
Sage 50 helps you manage your finances through the financials option, which assists you when preparing your regular financial reports. As soon as you have entered your first transactions you can use this option to study how your business is performing.

Managing your Business
Sage 50 is designed to help you manage your business work as efficiently as possible providing you with more control of your accounts.

 

Features and Benefits

Managing your Customers

New Project Costing*
Accurately assigns costs to different customers' projects. Gives improved customer invoicing, and far easier control over profitability.
*Available in Sage 50 Accountant Plus and Financial Controller only.

Repeat Invoices and Orders*
Allows you to repeat invoices and orders at regular intervals without having to retype all the details. It is ideal for situations where you might be billing the same amount every month, for example: rent, membership fees, or payment in instalments.
* If you use Sage 50 Financial Controller you can also create recurring sales orders and purchase orders.

Batch Conversion of Quotes and Pro-formas*
Many businesses create quotations in Sage 50 and then convert them into orders once the potential clients have approved them. For the first time, there is now a single screen showing all quotations and proformas; it is very easy to select specific entries, then convert them into orders. This feature will save a lot of time if you deal with a large number of quotations
*Available in Sage 50 Accountant Plus and Financial Controller only.

Foreign Currency Price Lists/Support*
The foreign currency support will create quotations, invoices and orders in foreign currencies. It will also handle foreign currency bank accounts and deal with fluctuating exchange rates.
*Available in Sage 50 Financial Controller only.

Improved Customer Records
This facility acts as an electronic card index, which allows you to view all of your customers’ details and their purchase history in both tabular and graphical forms.

Multiple Price Lists*
This function allows you to create specific price lists for different types of customers. The sales person can specify which category of customers they are dealing with and thereby reference the appropriate price list.
*Available in Sage 50 Accountant Plus and Financial Controller only.

Sales Order Processing*
Enables you to create a sales order, allocate stock to the order, dispatch the order and print a delivery note, as well as automatically creating a sales invoice.
*Available in Sage 50 Financial Controller only.


Managing your Products
Product Record
You can drill down into individual product records highlighting all the details associated with that stock item. The Product Record allows you to set up default details for each Stock Code, including supplier reference and sales price.

Product List
The Product List gives a comprehensive listing of all the products you sell, at the touch of a button.

Advanced Stock Control*
The Stock Control facilities allow you to run stock takes and keep a detailed track of all movement, pricing and valuations of your stock. These are all routines that will help you save time and money.
*Available in Sage 50 Accountant Plus and Financial Controller only.

Bill of Materials*
Bill of Materials allows you to create finished products that consist of several different components. It will also check to ensure that all required components are available in stock, to produce the finished product. This is a potentially complicated task made easy by your Sage 50 program.
*Available in Sage 50 Accountant Plus and Financial Controller only.

Advanced Stock control*
When you receive an order for a finished product, you may find a shortfall for several components. Advanced Stock Control allows you to generate specific orders to replenish the required components, giving you confidence in your agreed delivery dates.
*Available in Sage 50 Financial Controller only.

Managing your Accounts

Accounts Analyser
The Accounts Analyser unlocks information in the Nominal Ledger that underlies your Profit & Loss summary and Balance Sheet. A simple ‘tree’ format allows you to drill down to detailed data about your most important accounting areas: sales, purchases, direct expenses, overheads, assets and liabilities.

Improved Nominal Ledger
The Nominal Ledger is the heart of your accounting system where all your business information is held. This forms the basis of your profit and loss and balance sheet reports, which can be run at month and year ends to see where you have earned, and spent your money.

Bank (Cash Book)
The Bank option lets you record your bank and cash payments, receipts, transfers and adjustments. Supplier invoices can be paid and customer receipts logged against invoices sent. This allows you to view your bank balance quickly and easily. Cheques are available in Sage 50 Accountant Plus and Financial Controller only.

Microsoft Office Integration
All Sage 50 products allow you to take information stored in your accounting system into Microsoft Word, Excel or Outlook, for further manipulation. This can save you time and reduce errors which can occur when manually inputing information.

Credit Control
The aged debtors report in Sage 50 allows you to monitor how long it is taking your customers to settle their accounts. There are also pre-defined debt-chasing letters in the system to help you ensure all outstanding monies are collected efficiently.

Advanced Credit Control*
Advanced Credit Control allows you to use online credit checking agencies, which offers you the confidence that you will be paid on time when starting to trade with new customers.
*Available in Sage 50 Financial Controller only.

Cheque Printing*
This facility allows you to automatically print cheques. It also updates your Supplier Ledger to ensure you always know how much you owe your suppliers.
*Available in Sage 50 Accountant Plus and Financial Controller only.

Fixed Assets
This facility allows you to depreciate your assets on a monthly basis using standard depreciation methods

Managing your Finance
Cashflow Planner
It’s extremely useful to know exactly how much money will be in your bank account in the days or weeks ahead. The new Sage 50 shows your estimated cashflow at a glance, helping you plan how best to manage your money.

Audit Assistant
The automatic Audit Assistant will help verify your accounts before the arrival of external auditors – so they can work more quickly and cheaply. It runs through a 21-point check list, including verification that you’ve paid the right amount of VAT, and that you haven’t paid a supplier twice. This feature contains a suite of VAT audit reports approved by HM Customs and Excise.

Profit & Loss Report
The information required for Profit and Loss Reports is stored within your Sage accounting system, enabling you to run both of these reports at the touch of a button, for any specified financial period.

Balance Sheet Report
You can also run a Balance Sheet report at the touch of a button to see the worth of your business at any point in time.

VAT
The Sage VAT report is designed to assist you in completing VAT returns in a matter of hours. For example, the screen has been designed to mirror your VAT return document.

Journals
Sage 50 products allow you to use the traditional journal entry method, which enables you to make ‘manual’ double entry transactions within your system. This acts as a record of irregular transactions, like a notebook, to ensure your financial reports remain accurate.

Sage Management Information System
Unlocks the wealth of information stored in your system, providing an elegant and easy-to-understand graphical representation of key management information.

Product Valuation and Profit Reports*
This facility offers you quick access to your best selling and most profitable products, and also allows you to view the total value of your current stock holding.
* Available in Sage 50 Accountant Plus and Financial Controller only.

Managing your Business
New Excel Integration
Links directly with Microsoft Office so that users can access and analyse accounts information directly as management reports in Microsoft Excel.
New Document Manager - Associate documents directly with your Sage 50 entries to transform your accounts program into a sophisticated management information system.

Look and feel
The look-and-feel of the latest Sage 50 mirrors the evolution of Microsoft Windows. For example, information is more closely connected, it’s easier to move back to where you were before, and there’s less need to click between screens.

Smart Link
The new Sage 50 can save you a lot of time by linking together different types of information that you may need. For example, you might want to see both a supplier’s contact details and their invoice history. The program provides tabs that allow you to move effortlessly from one to the other.

My Business Set-up
The new Sage 50 provides different default settings to suit different types of businesses. As a result, you can set up the software to suit your particular business – tailoring the content and layout of screens. It all takes just a fraction of the time compared to changing every setting manually.

Historical Data Analysis
Archive a complete set of company data Customisable Navigation group tasks to suit your requirements.

Transaction e-Mail
Send and receive orders and invoices via email.

Customisable Navigation
Group tasks to suit your requirements.

Foreign Trader*
Process transactions in all major foreign currencies.
*Available in Sage 50 Financial Controller only.

Sage MIS (Management Information System)
Unlock the wealth of information stored in Sage 50, with this clear graphical representation of key management information.

Time savings
Computerising your accounts gives you fast and accurate records, and the automatic financial reports save you valuable time.

Summary information
Allowing you to view details, such as your customers' payment history, stock levels and business performance at the push of a button, in the form of clear tables or colourful graphs.

Efficient stock management
Making it easy to keep track of how much stock you have and quickly see your stock shortfalls.

Improved cash management
Allowing you to locate your debtors and write debt-chasing letters and if this fails, then Sage 50 makes it easy to put an account 'on hold'.

Control over sales and purchases
Making it easy to see how much you owe, how much your customers owe you and which invoices are overdue.

Complex tasks made easy
Wizards take you quickly and simply through complex procedures, such as calculating your VAT Return and running your month and year end.

Support and help
The easy to follow User's Guide takes you through setting up your accounting system and a free period of SageCover gives you a taste of the excellent technical support service offered by Sage.

Continuous upgrades and add-ons
Sage accounting software keeps pace with your company's growth, offering you a range of upgrades and add-ons to respond to your company's development needs.