Sage version 23 - New Features
The September 2016 Improvements for Sage 50 Accounts update is available free for Sage 50 Accounts subscription customers and with some support contracts.
Record payments at the same time as you enter your batch sales and purchase invoices. There's no need to enter them separately within Bank accounts
Want to give a customer a quick discount? You can add negative lines on product and service invoices.
In Sage 50 Accounts v23 and above, you can add negative value items to product invoices by using the special product codes S1, S2 and S3. You can also add negative lines to service invoices.
The standard invoice layouts available with Sage 50 Accounts v23 automatically show the negative item lines. If you use a customised invoice layout, you can edit it to show negative item lines.
Customer and supplier payment terms aren't always based on a simple number of days. You can now choose different ways to calculate payment terms, for example, number of days from the end of the month. You also have greater flexibilty to change due dates as you enter invoices and credits.
In Sage 50 Accounts v23 and above, a Due On date column has been added to batch customer and supplier invoice entry windows.
Tip: Sage 50 Accounts calculates the due on date by one of five methods. You can choose the method you want to use for new customers and suppliers in the Configuation Editor. These terms are then applied to new customer and supplier records. However, you can change the terms on a record by record basis or even overtype the due on date when you enter batch invoices.
View all the details of a transaction in one window, including allocation information, using the new View transaction option. Available in the customer, supplier, nominal and bank activity windows.
The new View transaction option was added in the Sage 50 Accounts September 2016 Improvements update. It's available in Sage 50 Accounts v23 and above. The option gives you quick visual access to transaction details that were previously only visible in Transactions by using the Edit option.
Note: Editing transactions locks other users out of the software, but with the new View transaction option, you can check transaction details while your colleagues continue working.
The place to go for any help you need, the Sage Interactive Help Centre can guide you through using software features and answer any questions you have about Sage Accounts.
In Sage 50 Accounts v23, when accessing the Help Centre from within the software, you can run options relating to the relevant topic, in Sage 50 Accounts, without leaving the Help Centre.
Do you prefer to store your backups in the cloud? You can now save your scheduled backups to a folder on your computer that syncs with One Drive, Drop-Box or Google Drive. So there's no need to manually copy files across.
In Sage 50 Accounts, you can use the Backup Manager to schedule automatic backups, giving you peace of mind. After installing the Sage 50 Accounts September Improvements, you can now sync your backups with your cloud storage giving you another level of protection.
You can now sync your backups with:
- Google Drive
Sage has improved Sage Drive to warn remote users if your main site is working offline.
When using Sage Drive to share Sage 50 Accounts v23 data, the Sage Drive service regularly checks to ensure that the main site is still connected to the service. If this connection is lost, for example, if the main site has Internet issues or chooses to work offline, then connected users receive the following message:
The main site is no longer communicating with this Sage Drive company; this may mean that it has encountered an error and has chosen to work offline...'
We've updated the Return of Trading Details (RTD) form to include all tax rates to conform to current Revenue legislation. A new RTD reconciled flag also makes it easy to check if a transaction has been included in an RTD submission.
If you're VAT registered, you must submit an annual return of trading details (RTD) form to Revenue. The RTD provides a breakdown of the supply of goods and services, imports and deductible inputs that apply during your financial year. This includes all Irish, Intra-EU and non-EU trade transactions.
The annual period of the RTD is generally based on your company's accounting period for corporation tax. The due date for RTD submission is the 19th of the month following the month in which your accounting period ends. For example, if your accounting period ends on 31 August, you must submit your return by the 19 September.
Author: Alan Taylor FCCA
A former pupil at Ripley St Thomas C of E High School in Lancaster, Alan joined Scott & Wilkinson directly from school in 1994 and qualified as an Accountant in 2001. Alan is the Partner with responsibility for the day-to-day...
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