Sage 500 ERP Core Accounting and Advanced Financials
At the heart of every Sage 500 ERP (formerly Sage MAS 500) financial reporting software system are six core accounting modules-General Ledger, Accounts Receivable, Accounts, Payable, Cash Management, Multicurrency Management, and Sage Fixed Assets. The depth of functionality, ease of use, and intuitive workflow are unrivaled in mid-market accounting and ERP financial reporting software products.
The six core modules provide an accounting foundation for your business that's certain to increase your productivity and profitability. There are many more modules available that can enhance and integrate your manufacturing, distribution, project accounting, HR, and other operations.
Accounts Payable
Automate vendor-related tasks, and simplify voucher entry, this financial reporting software module also accommodates multiple vendor addresses, multi-year history retention, automatic payment selection, check printing and more.
- Automatic payment selection
- Divisional payables and multiple bank accounts
- Cash requirements forecasting
- Use tax and freight allocation
- Automatic clearing with Accounts Receivable
- Electronic 1099 filing with Magnetic Media Reporting module
Sage 500 Accounts Payable Data Sheet
Accounts Receivable
Gain complete control of your receivables and invoicing processes, and add automatic calculations to your procedure to avoid errors and duplicate entry. Among other benefits, extensive drill-down capabilities provide a means for quick communication with customers.
- Divisional receivables and multiple bank accounts
- Cash expectations forecasting
- Full invoicing, including repetitive and cash invoices
- Integrate with Job Cost and Sales Order modules
- Commission tracking, reporting, and payment using the Payroll
Sage 500 Accounts Receivable Data Sheet
Active Planner
Free yourself from time-consuming spreadsheet mechanics and focus on strategic budgeting and planning with convenient financial reporting software. With more control over your budgeting and planning process, you'll be able to create effective, more accurate budgets and forecasts and render a true analysis of company performance.
- Seamless integration with all enterprise data
- Seamless integration with General Ledger
- E-mail notification
- Spreadsheet-like control
Sage 500 Active Planner Data Sheet
Allocations
Remove the guesswork in distributing company expenses and reduce administrative time and cost while accurately measuring resource consumption with the Allocations module from Sage 500 financial reporting software. Built-in process controls help you eliminate errors by creating allocation dependencies, while providing the flexibility to distribute and re-distribute allocations, to create accrual transactions, and to create new types of allocation transactions.
- Automate entries made in the course of a normal accounting cycle
- Accurately measure your resource consumption using individualized basis calculations
- Create virtually any allocation transaction consisting of multiple source, recipient, and offset accounts
- Create an unlimited number of formulas and formula lines
- Use database queries in formulas to calculate and deploy values from other databases
- Streamline period-end processing
- Tier transactions in any order to control the transaction processing sequence
- Prevent errors with built-in processing controls
Sage 500 Allocations Data Sheet
Cash Management
Reconcile all of your bank accounts, as well as perform bank transactions with pinpoint accuracy. This module integrates with other Sage 500 financial modules for automatic cash transactions and secure record keeping that flows through your entire system.
- Utilize the Cash Management module to simplify deposit generation, reconcile transactions, and process multicurrency bank transactions
- Create bank accounts in any currency when integrated with the Multicurrency Management module
- Process any type of transaction batch imaginable while limiting access or placing batches on hold
- Handle and track many different types of bank transactions
- Simplify deposit generation through Accounts Receivable integration
- Access payment and deposit information by bank account when Cash Management is integrated with Accounts Payable and Accounts Receivable
- Set up your system to smoothly handle the increased volume of banking transactions that occur at period end
- Provide easy access to source information, such as bank account status, history, or detailed account statements
- Set up security groups and assign access permissions to restrict access to confidential banking transactions and account information
Sage 500 Cash Management Data Sheet
General Ledger
Access your critical financial data quickly through General Ledger financial reporting software. Process inter-company transactions; establish flexible accounting periods and an unlimited number of budgets perform future posting and more.
- General ledger accounting structures to fit your business needs with up to 100 characters with 15 segments. Or choose from over a dozen industry-specific charts of accounts
- Display detailed transactions for an account at any time, and search for transactions by period, source journal inquiry, or comment
- When integrated with the Bank Reconciliation module, you can transfer funds between banks in one easy transaction journal entry
- Create public or private batches in General Journal Entry and Transaction Journal Entry for more control over general ledger postings
Sage 500 General Ledger Data Sheet
MultiCurrency Management
Maintain unlimited number of currencies and exchange rate schedules, leveraging the ability to update exchange rates daily and post realized and unrealized gains or losses due to currency fluctuations.
- Automatically perform currency conversions for all accounting transactions, and post gains and losses upon transaction settlement
- Create a wide variety of exchange rate schedules, and update exchange rates daily from the source currency to the target currency
- Easily record gains and losses, due to fluctuations in currency rates, to the general ledger account assigned to the currency
- Eliminate the complication of having to factor multiple currencies and exchange rates into your heavy period-end transaction volume
- Organize security groups and assign permissions to restrict access to any confidential transactions and account information
- Set up an unlimited number of exchange schedules for maximum flexibility and time savings
Sage 500 Multicurrency Management Data Sheet
Sales Tax
Constantly changing tax laws intensify the complexity of calculating, collecting, and remitting sales and use taxes to more than 8,000 taxing jurisdictions across North America. Automate calculation, reporting, and returns to reduce audit risks, and time-consuming tax schedule research. Sage Sales Tax automates functions ranging from jurisdiction assignment, rate research, and maintenance to reporting, returns, and remittance.
- Reduce audit risk
- Automate sales tax calculation, reporting and returns
- Real-time Address Verificatio
- Receive completely accurate sales tax charts
- Simplify your work with the instant online tax calculator
- Seamless integration with your Sage ERP solution
- Eliminate the need for manually selecting or assigning a schedule or detail
- Set best practices in sales and use tax compliance
