Accounting and Finance
Drive productivity and efficiency with powerful, fully integrated core financial accounting software. With Sage 500 ERP solutions, you can streamline activities, maximize efficiency and gain insight with in-depth functionality customizable to the specific needs of your business.
Sage 500 ERP delivers a strong suite of tightly integrated, GAAP compliant, Accounting and Financial modules, easily customizable to the way you do business. Integration to Microsoft Office through Sage 500 Office brings added productivity and simplifies day to day operations with pre-defined or custom templates and mail merge or export capabilities.
Accounting and Finance Modules:
Improve efficiency, reduce administrative costs and gain better control over expenditures with Accounts Payable. Automate vendor-related tasks, customize vendor management and payment procedures to suit the needs of your business.
Simplify voucher entry by automatically calculating sales taxes, discounts and due dates, as well as by defaulting general ledger accounts, payment terms, and 1099 information. Quickly access key information for day-to-day tasks and period-end processing and generate reports.
Improve cash flow and enhance customer service through more effective management of your entire collections process. Accounts Receivable streamlines every step in your collection process from invoice entry to payment, calculates sales taxes, discounts, commissions, and due dates, and automatically updates the General Ledger account.
Group customers into parent and subsidiary relationships to facilitate orders, record payments, and check credit for all affiliated companies. Monitor customer accounts more efficiently with up-to-the-minute statistical summaries, transaction listings and in-depth management reports.
Take control of your budget process and bring strategic insight to your distribution business planning. An enterprise-wide budgeting and planning application for distributors, Sage Budgeting and Planning shortens budgeting and planning cycles to create more effective and accurate budgets and forecasts and render a true performance analysis.
Through seamless integration with all enterprise data and General Ledger, Sage Budgeting and Planning encourages collaboration across all lines of business, ties budgeting to organizational performance and facilitates more informed warehouse and inventory management decisions.
Deploy resources, monitor costs and plan budgets more accurately and efficiently. Allocations is a powerful yet flexible automation tool to structure nearly any allocation, distribute allocations in a variety of ways, redistribute individual transactions, and create accrual transactions. Built-in formulas enable you to perform a wide range of calculations quickly and easily to save time while enhancing the budgeting and planning process.
Processing controls allow you to run individual allocation and accrual transactions as well as transaction batches in specific periods. A complete audit trail provides a clear picture of formula calculation.
Effectively manage assets from acquisition to disposal, and enhance your bottom line with Fixed Assets. This comprehensive fixed asset management solution enables you to fully utilize your assets, account for their value, and reap their full tax benefits.
Apply more than 300,000 IRS and GAAP rules and more than 50 methods of depreciation including MACRS, ACRS Straight Line and Declining Balance. Run depreciation calculations, create IRS-ready tax forms, define groups of assets based on any characteristic, and move fixed assets from one location or business division to another with ease. Execute partial and whole transfers plus disposals, and conduct bulk disposals with automatic gain/loss calculations. Store photos, purchase orders, warranty information, and other documents associated with each asset and view them on screen anytime.
Streamline transaction processing and reconciliations for more efficient, accurate cash management and planning. Cash Management enables you to quickly and easily handle and track a wide range of bank transactions-including deposits, withdrawals, adjustments, interest earnings and charges, bank fees, and transfers between bank accounts-with pinpoint accuracy. Extensive drill-down and drill-around capabilities deliver fast, convenient access to transaction details and source information. Cash Management easily integrates with other Sage 500 ERP modules for extended capabilities.
Manage and depreciate your fixed assets more effectively with an accounting solution customized to your specific business needs. The Fixed Asset Accounting application seamlessly integrates with Sage 500 ERP to provide fast, accurate fixed asset management performance, acknowledged depreciation expertise, and reliable data and system security.
- Maintain up to seven books per asset
- Choose from 50 depreciation methods
- Manage partial and whole transfers and disposals
- Add, merge and extract companies
Safeguard your fixed assets, track large asset inventories efficiently and accurately, and reduce loss. Best suited for environments with more than 10,000 fixed assets, Fixed Asset Inventory provides complete inventory tracking and reconciliation functions with the capacity that only scalable client/server architecture can provide. State-of-the-art bar code technology simplifies the inventory process and makes it easier to identify loss patterns, implement loss prevention policies, and minimize asset replacement costs.
With seamless integration to Fixed Asset Accounting, Fixed Asset Inventory performs the physical inventory reconciliation process on-screen with existing asset data and prompts for decisions about discrepancies. Automatic updates provide concise, up-to-the-minute asset records.
Keep your business on track and make timely, informed decisions with fast, accurate access to critical financial data. General Ledger combines powerful functionality and flexibility with user-defined options to accommodate the most complex company structures. Set up an unlimited number of companies and customize your own chart of accounts, or choose from over a dozen industry-specific selections to use as-is or modify for quick, easy implementation.
Maintain budget data in a spreadsheet if desired, and then update the general ledger accounting information through a direct Excel link. Run virtually unlimited reports with extensive drill-down capabilities to view everything from detailed journal entries to original source documents.
Optimize your international opportunities with streamlined, flexible management of multiple currencies, exchange schedules, and currency fluctuations. Multicurrency Manager creates and maintains an unlimited number of currencies and exchange rate schedules and provides the critical data you need for more informed decision making and improved trend analysis.
Update exchange rates on a daily basis and automatically record realized or unrealized gains and losses due to currency fluctuations to the assigned general ledger accounts. Standard reports and registers create a complete audit trail of detail activity before posting. Retain detail postings and monthly summaries for an unlimited number of years for year-to-year comparisons.
Reduce your audit risk, stay ahead of constantly changing sales tax laws for manufacturers and ensure compliance in every market. Sales Tax automates comprehensive sales and uses tax functions ranging from jurisdiction assignment, rate research, and maintenance to reporting, returns, and remittance calculation. This hosted Web-based solution seamlessly integrates with Sage 500 ERP for manufacturing and automatically performs functions on the fly within your existing accounting application – no changes required.
« Back to Sage 500 ERP Overview
