What's new in Sage Line 50 v2008?
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Whats new in Sage Line 50 v2008?
Sage 50 Accounts 2008 - new name, new features
As always, you’ll still be able to make light work of all those business essentials like your cash flow and day-to-day accounts, but now you’ll be able to:
- Manage all your VAT tasks in one place:
With our new VAT Ledger you’ll save time dealing with your VAT tasks, as you’ll find them all in one place. Use the VAT Ledger to help you prepare, generate, reconcile, adjust and submit online, to keep on top of your VAT.- Submit your VAT return online:
From 2010, all businesses will have to start to file and pay their VAT returns online – but our HMRC-recognised software lets you get ahead of the game with maximum confidence and minimum effort. And because our software has been fully tested and achieved HMRC recognition for filing VAT returns, you know you are submitting the right information, totally securely.- Easily track your VAT returns:
Each transaction is now flagged with a unique VAT return number for easy tracking when it comes to audits or inspections.- Make simple manual adjustments:
Adjusting your figures, for whatever reason, is simple and straightforward, and you can also record and trace the reason for each adjustment.- Make the most of online banking:
Make payments online to save time, reduce costs and improve relations with your suppliers. We make no additional charge for this, and we now offer a greater choice of major banks whose online services work with our software.- Deal with “carousel” fraud legislation:
Companies that trade computer chips or mobile phones with a total net value of more than £5,000 with other VAT registered companies are now subject to different recording and reporting methods. Our software lets you produce on-screen reports and submit online directly to HMRC.- See your EC Sales List:
If your business trades with other EC countries, you can see the relevant sales list as an onscreen report which automatically calculates the value of sales from individual customers.- Stay up to date:
Whenever we update our software, we’ll let you know, with RSS feeds. You will be sent notification of all new developments and you can choose how often you receive updates. You can then view and download the latest information about your software at a time to suit you.- View the figures that matter:
We let you choose the way reports are presented based on what’s most important to your business. With our Profit and Loss, Balance Sheet and budget reports you can view your figures monthly, quarterly or by year, whichever way suits you the best. And when you need to see the detail and understand the actions that lie behind the top level figures, you can do that too - right down to individual transactions.- Take card payments over the phone:
We know that more and more businesses want to offer card payment facilities to their customers and Sage 50 Accounts 2008 gives you the tools to do it quickly and securely. With an additional charge, Sage Payment Solutions, powered by Protx, updates your accounts automatically when you take card payments.- Make the most of deposits and discounts:
The effects of percentage discounts, one-off reductions and deposits are calculated automatically. You and your customers can see all the adjustments displayed clearly on your invoices.- Speed up your invoices and orders:
Reduce costs, improve the efficiency of your business and increase your service levels by managing your invoices and orders electronically – send and receive them via email directly from your Sage 50 Accounts software.- Get the most out of your software:
You’ll find it easy to get the most out of your software with our user guides, help topics and thousands of questions and answers based on real-life situations.
Managing your finances
- Manage all your VAT tasks in one place:
With our new VAT Ledger you’ll save yourself time dealing with your VAT tasks as you’ll find them all in one place. Use the VAT Ledger to help you prepare, generate, reconcile, adjust and submit online, to keep on top of your VAT.- Store a complete history of your VAT return:
We make sure it’s easy for you to access the transactional detail behind your VAT returns - saving you, and the auditors, valuable time searching for information.
Submit your VAT return online:
From 2010, all businesses will have to start to file and pay their VAT returns online – but our HMRC-recognised software lets you get ahead of the game with maximum confidence and minimum effort. And because our software has been fully tested and achieved HMRC recognition for filing VAT returns, you know you are submitting the right information, totally securely.- Simple manual adjustments:
Adjusting your figures, for whatever reason, is simple and straightforward, and you can record and trace the reason for each adjustment.- Increase the accuracy of your VAT returns:
A VAT return can be generated and completed at the touch of a button, in hours rather than days. This feature checks your 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.- Easily track your VAT returns:
Each transaction is now flagged with a unique VAT return number for easy tracking when it comes to audits or inspections.- Dealing with “carousel” fraud legislation:
Companies that trade computer chips or mobile phones with a total net value of more than £5,000 with other VAT registered companies are now subject to different recording and reporting methods. Our software lets you produce on-screen reports and submit online directly to HMRC.- Your EC Sales List:
If your business trades with other EC countries, you can see the EC Sales List as an onscreen report which automatically calculates the value of sales from individual customers.- Make the most of online banking:
Make payments online to save time, reduce costs and improve relations with your suppliers. We make no additional charge for this, and we now offer a greater choice of major banks whose online services work with our software.- Managing your finances:
The Nominal Ledger is an essential part of your accounting system, where all your business information is held, and forms the basis of your Profit and Loss and Balance Sheet reports, making sure you can perform important business tasks with ease.- Instant information about your accounts:
This feature lets you see the Nominal Ledger as an on-screen set of charts that can be investigated in more depth by drilling-down from the same screen with just one click.- Quicker and easier bank reconciliations:
You can record multiple bank accounts and their details, enter payments and receipts and save your bank reconciliations part-way through. And to keep track of your banking without all the paper waste, you can use our software to download a bank statement and automatically reconcile payments and receipts against both statements.- Plan your cash flow:
See all outstanding payments due in and out, so that you can plan cash flow in advance. You are able to see the effect that making or receiving payments will have on your finances over the next few weeks.- Better business insight:
Use the accounting information stored within your software to generate both Balance Sheets and Profit and Loss Sheets at the touch of a button.- Print out your cheques*:
Print cheques directly from your Sage 50 Accounts 2008 software, saving you time and effort.- Store your company data:
You can archive a complete set of company data before running the year-end. You can then analyse and report on the archived data, and access it immediately without having to restore a back-up.- Manage your departments effectively:
Your business is likely to use departments for many different reasons but now, no matter what you are using department analysis for, you can monitor performance more closely and efficiently than before. Enjoy extra control by setting up budgets and producing reports for each department or nominal code. To help you plan ahead, you can also set budgets for now and your next Financial Year.- Support for charities:
We’ve developed our software so that it is as effective as possible in meeting the needs of charities, with specific functionality including Fund Management, charity-specific financial reports and Gift Aid Reporting.- Easier foreign trading*:
Process foreign currency transactions in all major currencies and produce documentation in foreign currency. You can make and receive payments in foreign currencies as well as maintain foreign currency price lists and handle exchange rate fluctuations. Additionally, this feature ensures that you comply with legislative requirements for declaring foreign trade on your VAT returns and in Intrastat declarations, in both standard and cash-based VAT accounting.- Get the most out of your accountant:
Easily exchange information with your accountant while you continue working on your accounts. The Accountant Link automatically lets your accountant update your journals, bank and VAT reconciliations, so they always have your most up-to-date records.
* Sage 50 Accounts Plus 2008 and Sage 50 Accounts Professional 2008 only
Managing your customers and suppliers
- Speed up your invoices and orders:
Reduce costs, improve the efficiency of your business and increase your service levels by managing your invoices and orders electronically – send and receive them via email directly from your Sage 50 Accounts software so there’s no need to re-key information.- Professional invoicing:
Generate invoices for your customers by using the product records you created or details of the services you provide.- Take card payments over the phone:
We know that more and more businesses want to offer card payment facilities to their customers and Sage 50 Accounts 2008 gives you the tools to do it quickly and securely. With an additional charge, Sage Payment Solutions, powered by Protx , updates your accounts automatically when you take card payments.- Effective credit control:
Improve your cash flow and know who owes you what, and when, with effective credit control. You can record detailed credit information about your customers and suppliers, with all credit control functions in one central area. Keep and control a full credit history for both customers and suppliers.- Make the most of discounts and deposits:
You can clearly see and change discounts as you enter invoices and orders. A range of discount options is available, from basic percentage discounts to invoice-value discounts and stock-quantity discounts. Whether you want to apply one-off discounts or discounts across the board, Sage 50 Accounts 2008 helps you provide your customers with a clear indication of the total discount allowed.- Refunds in one single transaction:
Customer and supplier refunds are easier to handle: one simple transaction will automatically update all your records.- Make the most of your customer and supplier information:
Keep detailed records of your customers and suppliers - including a history of transactions, without lots of paper waste. View a comprehensive list of all your customers and suppliers whenever you need it, with the facility to process batch invoices, view outstanding invoices, and print labels, letters, statements and reports.- Handle quotations with ease:
Create quotations and proformas and choose whether you want to turn a quotation into an order or invoice, or whether you want to keep the quotation for your records. Analysis and reporting tools help you to monitor the top performers and how many orders you win and lose, as well as allowing you to track the conversion of quotations to orders.- Store your documents:
You can store, view, modify and print attachments such as letters, price lists, delivery and assembly instructions, letting you keep control of all your documentation within Sage 50 Accounts 2008.- Improve your project costing (Sage 50 Accounts Plus 2008 and Sage 50 Accounts Professional 2008 only):
This feature lets you create records for specific projects and specific customers, assigning project references to them. You can organise your projects in logical groups, record committed costs against projects, analyse rolled-up costs and budgets, and compare costs incurred against budgeted amounts. There is also a flexible reporting system that allows you to produce information that will help you to monitor costs.- Individual customer pricing and custom price lists (Sage 50 Accounts Plus 2008 and Sage 50 Accounts Professional 2008 only):
As well as the overall sales price, a product code can contain a sales price for each individual customer. You can also set up a number of Price Lists for your product records.- Manage multiple delivery addresses (Sage 50 Accounts Plus 2008 and Sage 50 Accounts Professional 2008 only):
This feature lets you store and manage multiple customer, supplier and company delivery addresses.
Managing your business
- View the figures that matter:
We let you choose the way reports are presented based on what’s most important to your business. With our Profit and Loss, Balance Sheet and budget reports you can view your figures monthly, quarterly or by year, whichever way suits you the best. And when you need to see the detail and understand the actions that lie behind the top level figures, you can do that too - right down to individual transactions.- Get the information you need with flexible management reports:
Our Report Designer makes it easy for you to get the information you need in one report. You can tailor the overall design of your reports, adding all the fields and calculations you want, so you can have a better picture of your business.- Excel® integrated reporting: Microsoft® Excel links directly to your software so that directors and managers can access and analyse accounts information without needing to use Sage Accounts 2008 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 report (even a report you’ve designed yourself) and use it in Excel as a Sage Data Range.
Managing your products and services
- Sales order processing and fulfilment (Sage 50 Accounts Professional 2008 only):
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 will inform you of shortfalls and automatically generate a purchase order, so you never have to let down your customers.- Purchase order processing (Sage 50 Accounts Professional 2008 only):
You can create an order, put on-order and then record delivery of the stock with this function, which will also automatically generate an invoice and increase your stock levels.- Manage your products:
You can easily create product records, review product activities and analyse monthly sales values and quantities sold. You can also apply discounts and generate valuation and profit reports.- Bill of Materials (Sage 50 Accounts Plus 2008 and Sage 50 Accounts Professional 2008 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, allowing up to 50 hierarchical levels. Various features like Stock Transfer, Makeup Reports and Stock Explosion help you control all the steps involved in making up manufactured or assembled items.- Allocate your stock (Sage 50 Accounts Plus 2008 and Sage 50 Accounts Professional 2008 only):
As well as allocating stock to sales orders, you can allocate to projects, or set aside stock for specific purposes. You can also review and modify these reservations.- Handle cash sales (Sage 50 Accounts Professional 2008 only):
Sage 50 Accounts Professional 2008 helps you to execute trade counter sales quickly and easily. You can customise the Cash Sales button, letting you select the documents you need printing with ease.- Easier foreign trading (Sage 50 Accounts Plus 2008 and Sage 50 Accounts Professional 2008 only):
Process foreign currency transactions in all major currencies and produce documentation in foreign currency. You can make and receive payments in foreign currencies as well as maintain foreign currency price lists and handle exchange rate fluctuations. Additionally, this feature ensures that you comply with legislative requirements for declaring foreign trade on your VAT returns and in Intrastat declarations, in both standard and cash-based VAT accounting.- Your EC Sales List:
If your business trades with other EC countries, you can see the EC Sales List as an onscreen report which automatically calculates the value of sales from individual customers.- Improve your project costing (Sage 50 Accounts Plus 2008 and Sage 50 Accounts Professional 2008 only):
This feature lets you create records for specific projects and specific customers, assigning project references to them. You can organise your projects in logical groups, record committed costs against projects, analyse rolled-up costs and budgets, and compare costs incurred against budgeted amounts. There is also a flexible reporting system that allows you to produce information that will help you to monitor costs.- Monitor key areas of your business:
Manage the performance of key areas or activities more effectively. Track your business activity, by area, with the flexibility to drilldown to more detail. Information is instantly available, so you no longer have to run reports to get the breakdown you need.setFirstTabVisible();
Working with Sage 50 Accounts 2008
- Stay up to date:
We keep you up to date with all the latest developments for ensuring your business is one step ahead. Whenever we update our software, we’ll let you know. You will be sent notification of all new developments that could help you with your business, such as new business software tools, and you can choose how often you receive updates. You can then view and download the latest information about your software at a time to suit you.- Make light work of business processes:
Sage 50 Accounts 2008 couldn’t be easier to use. Each of the main areas has a map, showing you clearly how to complete business tasks such as sales order fulfilment. Each Process Map consists of a set of steps connected together to show a workflow – so you know exactly what to do next.- Get the most out of your software:
You’ll find it easy to get the most out of your software with our user guides, help topics and thousands of questions and answers based on real-life situations.- Check your company’s performance at the touch of a button:
The Dashboard view helps you check your performance rapidly and accurately by displaying a summary of your company’s key information. You can drill-down for more information or print the entire dashboard to keep a graphical record of day-by-day performance.- Essential business information when you need it:
You can choose exactly the information you want to see with our intelligent navigation, giving you immediate access to your business information.- Import your data:
Choose how you want to import information into Sage 50 Accounts 2008. The Information Import Wizard makes it simple to import customer and supplier records, transactions, stock, and project records.- More than one company, more than one user?:
Sage 50 Accounts 2008 gives you the ability to store and process more than one set of company accounts. It also allows more than one person to access and process transactions at any one time (additional charge applies), improving efficiency for you.
