Whether you’re an existing business that needs to take a step up to maintain your standards or drive growth, or you’re a business experiencing growth that needs to sustain the ability to keep everything going in the right direction, Sage 200 has a broad range of applications and benefits, and we can help to ensure you get the absolute most from each one.
When it comes to managing and running a single or multiple retail stores, there are many challenges to contend with from the shopfront all the way to the back office and everything in between. In this article, we’re going to focus on the finance/administrative or back office, an area which we know particularly well.
Sage 50 began its life over 25 years ago as a product called Sage Sterling. It was really the beginning of small businesses having a Windows-based cost-effective in-house system for managing their finance function. This was an accounts package that was simple to use and gave small businesses the autonomy and control they needed to run and manage their businesses their way.
Traditionally, Sage 50 and other small business accounting systems were installed on a single PC or perhaps on a small network. They tended to focus on the core needs of the finance department although over time, they began to become more central in the operations of small businesses, with functionality such as Stock Control and Order Processing happening in real-time across the business.
Fixed Assets may not be the most exciting dinner conversation, but it’s something that all businesses need to record and depreciate for accounting purposes.
This article looks at why spreadsheets are such a popular tool for maintaining your fixed assets and at the same time, we point out 4 reasons why the in-built Fixed Asset Register for Sage 200 is a much better option.
For Sage 200 users, as long as you are running Version 2016, the good news is that you already have the Fixed Asset module, so no additional software purchase is necessary.
From a Sage 200cloud support perspective, we get lots of calls each month around the topic of Month Ends. So, we put this blog together to help our customers and other Sage 200cloud users to manage their month ends with ease. We have included some common troubleshooting steps to go through as the majority of support calls can be resolved by following these simple guidelines.
Simply put, the Month End (sometimes known as Period End) is the closing of your financial accounts each month. It usually occurs on the last day of the month in order to match up with the Year End.
In most businesses, the month is kept open for an additional 5 or 7 days into the following month in order to ensure all transactions for the month are complete and posted and so that they are then shown on month end reports.
There are some businesses who choose not to run month ends and will just run a year end at the end of the financial year. We would however recommend running a month end at the end of each period as this will:
There are many benefits to carrying out a period end each month within Sage 200cloud. Some of these are:
Ensuring each month balances at the end is a huge help when time for Year End comes around. Unfortunately however, there are times when the month end does not balance and you are unable to see why. So in this blog post and the accompanying videos, we will cover some of the most common reasons the Aged Debtors/Creditors do not balance and how to resolve the issue.
The Bank Reconciliation option in Sage 200cloud is used to compare and reconcile the amounts on your bank statements with the transactions in the Sage 200cloud Cash Book.
When you reconcile your bank statement, this means comparing it with your Sage 200cloud cash book and bank records for a specific period, ensure all monies have been entered and make sure to note any discrepancies there may be. When you have a list of these discrepancies, you can then discuss with your accountant and ensure that no funds have gone missing from your business or been entered incorrectly.
There are many benefits to carrying out a bank reconciliation within Sage 200cloud. Some of these are:
This is an important process so we thought we should put together a simple guide to help with setting up Bank Reconciliations in Sage 200cloud.
We've also included a brief step-by-step video to help you get started.
In this latest Help & Advice post, our Connections Product Manager Ladislav Zimanyi discusses Connections and goes through some of the most common errors that may arise, both in Retail Connect and Supplier Connect, and gives some simple tips on how to fix them. We've also put together a 20 minute video to help you fix these common errors.
Connections sits between your Sage 50cloud or Sage 200cloud back office accounts system and your EPoS system. It also imports data from suppliers. The secret to creating a seamless administration process is in the set up and data mappings. Errors can occur for a variety of common reasons and so in this article, we point out some of these common errors and guide you through the steps to fix them.
For more details about Connections, check out https://envisagecloud.ie/products/sage-integrated-apps/retail/
So, Let's get Started..
As we are all aware, the UK left the European Union on 31st December 2020. This means that as far as trade is concerned, the UK is effectively a 3rd country for Irish businesses.
Due to this, the government has set up a new set of VAT rules called Postponed VAT Accounting (PVA) for Irish companies who still wish to trade with the UK.
In this article and step-by-step video, we have provided a simple guide to help Sage 200cloud customers process Postponed Accounting for Import VAT.
