Sage 50 – What’s New(Formely Simply Accounting)

Presented by: Bob Green

2

What is Sage 50 – Canadian Edition

•Formerly Simply Accounting

•Name Change in 2013

•Six Versions• First Step Accounting• Pro Accounting• Pro Accounting with Payroll• Premium Accounting• Premium Accounting with Payroll• Quantum Accounting

3

New in Sage 50 Accounting 2014

•More frequent product releases• October• December• June

• Database Change• MySQL 5.6.10• Increased stability• Can handle more data

4

New Sage Advisor Technology

•Brief message pops up in reference to what you are doing.•Can be turned off

New Pricing Options

•Annually or Monthly

5

Not New, but Helpful

•Sage 50 has numerous add-on solutions• Banking (EFT) Electronic Funds Transfers• Construction Industry• Document Management• Inventory Management• Point of Sales• Project Management

6

Not New, but Helpful

•Sage 50 Accounting is easy to get started.• Import from

• QuickBooks, MYOB, Quicken, Spreadsheets

• Import Records• Price Lists• Budget for Accounts• Accounts• Vendors• Customers• Employees• Inventory

7

Not New, but Helpful

•Or simply convert QuickBooks records to a new Sage 50 Accounting company

8

What Version is Right For You

First Step Pro Premium Quantum 1 User

$99.99 1 User $229.99

2-4 Users $439.99

5-40 Users $3,120

Create customer records Prepare sales invoices Track payments and create receipts Choose a price list 1 List 3 Lists 100 Lists 1000 Lists Create sales quotes and orders Charge for services using employee Time Slips

Create vendor records Print cheques Create purchase quotes and orders Record and track purchase invoices Simplify reordering items from vendors

9

What Version is Right For You

First Step Pro Premium Quantum Prepare payroll cheques with automatic tax calculations

Available Available Included

Process cheques as a batch Available Available Included

Prepare ROE slips for print or online filing Available Available Included

Prepare T4/RL-1 slips for print or online filing

Available Available Included

Track GST/HST and PST/QST File GST/HST Online Keep Accurate records with the full-time audit trail

Store multiple years of financial history Up to 2 Up to 7 Up to 100 Up to 100

Process payroll remittances Reconcile bank statements to accounting data

Use departmental accounting Use First-in First out (FIFO) inventory costing method

Expand the range and length of account numbers

Create payroll expense groups

10

What Version is Right For You

  First Step Pro Premium QuantumAllow more than one user at a time    

View summary of common tasks with the Daily Business ManagerSwitch between English and FrenchIntegrate with Microsoft® Word and Excel®Convert data from QuickBooks®, MYOB® and Quicken®6

Work with multiple currencies   Two Unlimited Unlimited

Create and assign role-based security settings

     

Assign user access to financial reports      

Number of pre-defined Reports 29 93 153 165

Use pre-defined industry-specific reports    Budget company revenues and expense  Consolidate financials for multiple companies

   

                  

11

What Version is Right For You

  First Step Pro Premium QuantumManage inventory   Basic Advanced Advanced Plus

Create finished goods from Bill of Materials    

Generate packing slips    

Manage inventory in multiple locations    

Track items by serial number      Track and report on projects  Budget projects by fiscal year   1 Year 1 Year Up to 5 Years

Assign projects to orders and invoices      

Track salaried employee and contractor hours

     

                                             

12

13

14