Adding a Report to Sage 50 Favourites

There are a huge number of reports included within Sage 50 Accounts, but there is a way to make life easier when you want to quickly find the ones which you use on a regular basis, add them to the favourites menu. This enables users to run the reports from a single location, instead of having to jump back and forth through the different modules in the program.

To Add A Report

(these instructions only apply for version 16 onwards)

First go to the particular report which you want, select it and click “add favourite”

The report has now been added to your favourites menu and will appear blue in the report browser.

To Run A Report

First go to your desktop within your Sage 50 Accounts program and open the favourites menu, then select the report that you want to run, there may be specific settings which you need to configure for the report, such as date range etc, once this is done click on OK.

Flat Rate VAT included in Sage 50 2011

Until now Sage 50 Accounts dealt with Standard VAT accounting and handled 2 default VAT Schemes, Cash Accounting and Invoice based accounting.  It could not deal with the Flat Rate VAT scheme; customers who used the Flat Rate scheme had to use various workarounds and manual adjustments.

Using the Flat Rate Scheme you pay VAT as a fixed percentage of your VAT inclusive turnover so the VAT you pay to HM Revenue & Customs (HMRC) or claim back from them is the difference between the VAT you charge your customers and the VAT you pay on your purchases.  It applies mainly to small businesses with less than £150K turnover and about 10% of all UK businesses already use this scheme.  Flat rate VAT aims to minimize the red tape around administering VAT because you don’t have to record the VAT that you charge on every sale and purchase, as you would with standard VAT accounting.  This can mean you spending less time on the books, and more time on your business.  Flat Rate VAT also provides a slightly lower rate which varies dependent on the sector the business operates in.  There is also a 1% discount for businesses in their 1st year.

New to Sage 50 Accounts 2011 is the ability to deal with Flat Rate VAT scheme and produce the relevant VAT returns and stay compliant with HMRC.

Sage 50 2011 also provides customers with the ability to view the benefits / cost of being on the Flat Rate VAT scheme, giving the customer a choice in making the decision to stay on Flat Rate or not.  The customer has the option of setting up Flat Rate VAT either during initial set up or during the financial year.

Benefits to the Customer

• Simple – for customers to setup and use directly within Sage 50 Accounts 2011.
• Easier – no longer do you need to work with a time consuming work around, you can now complete the calculation automatically from within the software.
• Quicker – to complete a VAT return on the Flat Rate VAT scheme and to calculate the savings/loss to your business of being on the scheme.

Sage 50 Accounts 2011 Integration with SagePay

Currently Sage 50 customers using SagePay can automatically reconcile invoices raised in the accounts program where their customer has used the Pay Now facility. They can’t however deal with new transactions that had been added from their web store and don’t exist in their accounts system.  They would have to print transactions details from SagePay and manually enter them into their accounts software, depending on the number of transactions this can be very time consuming.

New to 2011 is the ability to integrate your web store with Sage 50 Accounts using SagePay.  So for customers who currently trade on the internet, or want to in future Sage 50 2011 will:

• Create new customers and new products
• Match current customers and current products
• Create new sales invoices and sales receipts

Benefits

• Quicker – invoices can be automatically created from the information received from SagePay. Fields are mapped to prevent the need for matching in future
• Secure – payments are downloaded automatically from your web store
• Save money – No need to buy a third party add on like Connect if they’re using SagePay

Just a brief update to confirm that Sage 50 Accounts V 2011 is now available and starts shipping from Tuesday 3rd August, so all orders received from today onwards will receive the new version.

Sage have successfully completed testing of Sage 50 Manufacturing 2009 Service Pack 2 against Sage 50 Accounts 2011. Therefore manufacturing customers who integrate these products can continue to use Sage 50 Manufacturing 2009 with Service Pack 2 to integrate with the latest version of Sage 50 Accounts.

Sage have successfully completed testing of both Sage 50 Construction 2010 (v12 of Construction) and Sage 50 Construction 2010 Release 2 (v14 of Construction) against Sage 50 Accounts 2011. Therefore Construction customers who integrate with accounts can continue to use Sage 50 Construction 2010 with the latest version of Sage 50 Accounts.