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Sage has new product names for its range of core accounting and enterprise resource planning products: Sage 50, Sage 100, Sage 300, and Sage 500. And we're introducing Sage One.
We have a variety of accounting and business management software for small and midsized businesses.
Simply Accounting has a new name: Sage 50 Accounting
For reporting flexibility, select this new report option if you want to omit accounts with zero balances on balance sheets and income statements.
You can print and review Cheque Log reports for the previous year and verify cheque activity for the current and previous fiscal year.
The Dashboard is a business management tool that allows you to monitor the health of your business by offering a variety of business data in one place. Instead of text-based reports, the Dashboard offers you a visual snapshot of your company's performance and activities that impact your company goals, so that you can make informed decisions in a timely manner.
Widgets are individual graphs, charts, and lists in the Dashboard. Not only do they display information relevant to the success of small businesses, but some widgets have drill-down capabilities so that you can view reports related to these widgets.
The Home window displays both active and inactive records in the records list until you clear the box Include inactive … at the bottom of each list.
The exclusion of inactive records from this list improves your work flow and analysis and enables you to view only the relevant active accounts, vendor, customers, employees, items and services, and projects in the Home Window listing.
No matter where they are recorded, all transactions that affect remittances are now consistently tracked and reported in the Remittances journal and on the remittance report. The transactions in the Remittances journal can also be adjusted and any errors properly corrected.
Sage Simply Accounting has expanded the number of payment methods you can record against a remittance payment. You can now record remittance payments made with cash, cheque, credit card, or direct deposit.
The changes to the payroll journal window increase the flexibility in the way you pay your employees and your overall efficiency.
The improvements include:
The redesigned window allows you to improve your work flow, pay employees quickly in the payroll cheque run while withholding, tracking, and remitting source deductions and employer contributions. New list options also allow you to select unpaid employees automatically by pay period end date and pay period frequency.
The improvements made include:
To be compliant with Revenu Quebec and the Canada Revenue Agency, you can now track Quebec employee benefits more accurately by setting up additional payroll incomes to use a new Quebec benefit income type. These new payroll incomes will be reported on the employees' Relevé 1 (RL-1) slips but not on their T4 slips.
To set up these new payroll incomes to track Quebec benefits, in the Type column, click magnifying glass button and select Benefit (Que) from the list.
To be compliant with the Canada Revenue Agency, this version of Sage Simply Accounting allows you to pay an employee an advance and have the appropriate withholding amounts automatically calculated and withheld from the advanced amount.
If you are providing a payroll advance that is taxable, enter this amount in the Advances box in the payroll journal. If you are providing a loan that is not taxable, enter the amount in the Loans box.
Existing payroll advances will be converted to non-taxable loans when you upgrade to this version of Sage Simply Accounting.
You can efficiently update the federal and provincial personal tax credits for all your employees at one time or just for a group of employees you've selected. To access this feature, in the Maintenance menu, select Update Employee Claims.
If you subscribe to a Sage Business Care plan with payroll tax table updates, the latest basic personal claim amount changes are included in the Sage Simply Accounting payroll updates so that you will always have the latest claim amounts with which to update your employee records.
By modifying the WCB rate for a group of employees at the same time, you can save time and quickly update the WCB rate changes with less chance of errors.
In the Maintenance menu, select Update Employee WCB Rate. You can then choose to change the WCB rates by province or territory, by Sage Simply Accounting job categories, or by existing rates in your company data.
This new report shows how your business is doing, enabling you to make better business decisions. The report provides summary and detail views of project revenues and expenses. You can quickly analyze project data from multiple angles, produce graphs, and see a side-by-side comparison of projects for meaningful analysis.
These new reports give you insight into your payroll costs: how they are distributed over job categories, departments, and projects. The data reported can be represented in graphs, and contain summary and detail views.
The new reports include:
-- Leyla Szabo-Kustan, Mosaic West Consulting Services Calgary, Alberta
-- Dianne Mueller, Soma Small Business Solutions North Vancouver, BC
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