Sage 50 Accounts Professional Overview

Sage 50 Accounts Professional is the top variant of the Sage 50 Accounts suite of solutions and can compete with many of the off the shelf solutions with a much higher price tag.

It is a popular solution for those businesses who want to process Sales and Purchase Orders with or without a Stock system in place as Sage 50 Accounts Professional is armed with default product codes that enable sales and purchase order processing functionality without having a product list loaded, including Delivery Note production and Purchase Order versus Purchase Invoice matching capability and the ability to create Sales Quotations. For those companies with a full product list and stock take results entered, it can produce a reliable product inventory with a full suite of powerful reports and order templates to enable an immediate start with minimal setup required.

Foreign Currency Trading

Another popular feature is foreign currency trading which enables you to produce sales invoices and record purchase invoices in any currency. You can also have multiple currency bank accounts which automatically calculate the currency gain and loss at point of entry and posts it directly to the designated profit and loss account in the Nominal Ledger.

Fixed Asset Register

Another great feature of Sage 50 Accounts Professional is the Fixed Asset Register. Traditionally the Fixed Asset Register for any business is at best held in an Excel Spreadsheet and updated once a year for Year End Journal postings or more likely to be left up to the Accountants to keep and update, thus providing a business with no up to date information about the value of their assets. This simple, easy to setup and use feature gives you right up to date Net Book Value reports, can hold detailed information about where the asset is located or which employee it is allocated to together with serial numbering where applicable. A once per month update posts your monthly depreciation at the touch of a button.

Multi Company Consolidation

Multi company consolidation is also available in the Sage 50 Accounts Professional variant for those businesses who need consolidated Profit and Loss and Balance Sheet reports again with an easy to use wizard style process that takes the leg work out of producing these often manually produced reports.

Finally, a more in depth budgeting tool is provided to enable departmental profit and loss reporting.

Get in touch to find out how Sage 50 Accounts Professional could benefit your business.

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