Sage 50 Accounting Software

Whoever said using Sage had to be difficult? Take control of your finances by following this simple step-by-step guide to installing software, creating accounts, invoicing customers and much more for your small business in the U.K.

  • The Sage 50 suite of accounting programs for business is available in three Sage 50 2019 software versions geared toward your specific needs: Sage 50 Pro, Sage 50 Premium, and Sage 50 Quantum Accounting, as well as a Sage 50 Subscription Service for Sage.
  • Free online sage training course. Need help with Sage or other accounting software? Drop us an email at info@bpfs-online.com Take our Online Sage training co.
  • Sage 50 Premium Accounting. Analyze your business with an advanced accounting and business management solution. Manage projects and inventory and make decisions based on real-time access to business data while increasing productivity with a 2-user license.
  • Sage 50 Pro Accounting - 1 user. Manage your business with a professional accounting and business management solution that you design yourself. Sage 50 Pro Accounting (formerly Simply Accounting) is the right fit for small businesses that want an easy to learn, and easy to maintain accounting solution with flexibility and freedom to work from anywhere, anytime.
  • Sage 50 Premium Accounting 2019 is the advanced accounting software you need to take your business to the next level. Built-in checks and balances ensure your financials are accurate and your information is available anytime and anywhere for you and your accountant.

By 1993 Sage Sterling was market leader having accounted for 62.5% of the integrated accounting software market. In the late 1990s, Sage Instant, a cut-down version of the product line was introduced. Later, the product was rebranded as Sage Line 50, a reference to the target market of the product, and in the 2000s was rebranded to simply Sage 50.

How to Contact SageCover

As well as getting help from the Help feature included within your Sage small business accounting software, you sometimes need to speak to an expert. SageCover offers various levels of support, from online technical guides to telephone support, including a data-retrieval service. To find out more about these services in the U.K., check the Sage website. Here you can find contact telephone numbers, which vary depending on which product you have.

Keeping Your Sage Data Secure and Up to Date

Keeping the data you have stored on Sage 50 Accounts secure and well maintained is very important. Just use this list of simple tips to help you easily achieve this:

  • Schedule regular backups – at least once a day. To do this, from the main toolbar, click File →Schedule Backup.The Sage Accounts Backup Manager window opens. Click on Settings to check the current status of your backups. Here you can amend the regularity of the backup, you can enter a specific date and time to suit you. You can also check that the location of the backup file is correct. If not, use your Browse button to find a suitable location. Finally, check that you are running the correct backup type; it will default to accounts data only, but you can include additional reports and layouts by ticking the appropriate boxes.

  • Regularly check your data, using File Maintenance. Access this tool from the main toolbar, by clicking File →Maintenance.Click Check Data, and Sage checks for any data problems.

  • Use passwords for security. If you’re signed on as the manager, you can use the Access Rights feature to set individual passwords and individual rights for each Sage user. For example, you may want to give someone access to the sales ledger or the purchase ledger but not the bank accounts.

    • If you have a single-user license, the Access Rights facility is available only when you select the Access Rights check box on the Parameters tab of Company Preferences (from the main toolbar, click Settings →Company Preferences). After you tick this box, every time you start Sage, the Logon window appears. Type manager to log on;no password is needed, so just click OK.

    • To create a password, starting at the main toolbar, click Settings →Access Rights →New. You can enter a new user name and create a password. Click Save and then Close.

    • To change the access, highlight the individual user in the Access Rights window and click Details.The Access Details window opens, where you can set which modules that user has access to by clicking the Modules button and then editing each module by clicking the Full Access or No Access buttons.

Using Sage Function Key Shortcuts

For most people, in the midst of a frantic day at the office, anything that saves you time and effort is welcome. With Sage, the function keys do just that:

  • F1: Wherever you are on Sage, you can press F1 to get the relevant help topics for that screen.

  • F2: This handy key pulls up a small on-screen calculator you can use to check your numbers – to see that an invoice adds up correctly before entering it, for example.

  • F3: Press this key when you’re entering details on a product invoice to open up the Edit Item Line window. Accounts Professional users can also use this key to open up the Edit Item Line window from a sales or purchase order.

  • F4: By pressing this function key, you can view the full list of a field with a drop-down arrow. It opens a calculator in a numbers field or a calendar in a date field.

  • F5: This key opens a currency converter in a numeric field and a spellchecker in a text field.

  • F6: Press this key to copy the information from the cell above into the current cell you’re working on. This function comes in handy when you’re entering a batch of invoices.

  • F7: This key inserts a line above the one you’re working on.

  • F8: Press this key to delete the line you’re on.

  • F9: This key calculates the net amount of an invoice and the VAT element if you only have the gross amount (the amount inclusive of VAT).

From Version 22 onward, Sage has helpfully provided the F6, F7, and F8 keys as icons on some of the modules. For example, when you are creating a journal or entering batch invoices, you are now able to insert, delete or copy the row from above by selecting the appropriate icon.

Preparing a Monthly Sage Accounts Checklist

Preparing your monthly accounts can seem overwhelming, but Sage makes it easy. Make use of this basic checklist to ensure that you follow a routine and cover all the bases when preparing your monthly accounts:

  • Enter your sales and purchase invoices.

  • Enter all receipts and payments from cheque stubs and paying-in slips.

  • Enter direct debits, Bankers’ Automated Clearing Services (BACS), transfers and so on from bank statements.

  • Reconcile bank accounts, including credit cards.

  • Enter journals (or run wizards) for accruals, prepayments, depreciation and so on.

  • Run VAT return (if due).

  • Enter your PAYE journals and VAT journals and run the wizards if required.

  • Run Aged Debtors and Aged Creditors reports for the period.

  • Run Profit and Loss and Balance Sheet for the period.

  • Run month-end (Tools→Period-End→Month-End).

Comparing Features in the Sage 50 Accounts Product Range

Sage 50 Accounts is available in several different versions. Check out the following information to identify the features of each version and work out which one best suits your needs.

FeatureSage 50 Accounts 2016Sage 50 Accounts Plus 2016Sage 50 Accounts Professional 2016
Sales and purchase ledgers
Invoicing and quotation management
Nominal ledger
Departmental analysis
Bank records and reconciliations
E-banking
Cheque printing
VAT management
Profit and Loss and Balance Sheet reporting
Budgeting
Report Designer
Accountant Link
Stock control
Bill of Materials
Stock allocation
Sales order processing
Purchase order processing
Project costing
Intrastat

Sage 50: Knowing Your U.K. Tax Codes

Even if you don’t need to use all the tax codes all the time to prepare accounts on Sage 50, you probably need some of them sometimes. For those times:

  • T0: Zero-rated. VAT is not payable on zero-rated supplies. Examples of this include books, children’s clothes and some items of food.

  • T1: Standard rate. Currently 20 per cent.

  • T2: Exempt from VAT. For example, insurance and financial services.

  • T4: Sales of goods to VAT registered customers in the European Community (EC).

  • T5: Lower-rate VAT, usually 5 per cent. Applies to the purchase of energy-saving materials and, for example, reclaiming VAT on DIY building work.

  • T7: Zero-rated purchases of goods from suppliers in the EC.

  • T8: Standard-rated purchases of goods from suppliers in the EC.

  • T9: Transactions not involving VAT. For example, wages.

  • T20: Sales and purchases of reverse charges.
  • T22: Sales of services to VAT registered customers in the EC.
  • T23: Zero-rated purchases of services from suppliers in the EC.
  • T24: Standard-rated purchases of services from suppliers in the EC.
  • T25: Flat rate accounting scheme, purchase and sale of individual capital items > £2,000.
(Redirected from Sage 50 Accounting)
Sage 50cloud
Developer(s)Sage Group
Stable release
Operating systemMicrosoft Windows
TypeAccounting software
LicenseProprietary
Websitewww.sage.com

Sage 50cloud is a set of accountancy and payroll products developed by Sage Group aimed at small and medium enterprises. Sage offer different products under the Sage 50 name in different regions. The product name originally derives from the UK and Ireland version of the product where the number 50 indicated that it was aimed at companies with up to 50 employees.

UK/Ireland version[edit]

Sage 50 Accounting Software Free Trial

In the UK and Ireland there are currently four products under the Sage 50 banner; Accounts, Payroll, HR and P11D. Sage 50cloud Accounts was the market-leading accounting solution for many years.[1][2]

The product currently known as Sage 50cloud Accounts has its origins in some of the earliest solutions that Sage produced. A direct relative of the current product is the Sage Sterling range which became available in September 1989 as a replacement for Sage's successful Businesswise Accounts range.[3] Sage Sterling was available for DOS and in the early 1990s for Microsoft Windows. The product was re-branded as Sage Sterling +2 and in 1993 a version of the product became available for Apple Macintosh. By 1993 Sage Sterling was market leader having accounted for 62.5% of the integrated accounting software market.[4] In the late 1990s, Sage Instant, a cut-down version of the product line was introduced.[5]

Later, the product was rebranded as Sage Line 50, a reference to the target market of the product, and in the 2000s was rebranded to simply Sage 50. In the 2010s cloud-connected functionality was added to the product line and the current 50cloud name began to be used. The UK/Ireland Sage 50cloud products are developed in Newcastle upon Tyne, England.[6]

US version[edit]

Peachtree Software advertisement in the November 29, 1982 issue of InfoWorld

The US version of the product was previously called Peachtree Accounting. A conversion to the Peachtree/Sage 50 data format was made available when Simply Accounting was taken off the market. In 2013 it was brought under the Sage 50 banner.[7]

Peachtree Accounting was originally sold by a software publisher founded in 1978 by Ben Dyer,[8] Ron Roberts, Steve Mann, and John Hayes. The company was carved out of The Computer SystemCenter, an early Altair dealer founded by Roberts, Mann, Jim Dunion, and Rich Stafford, which Dyer had joined as the manager and where the first software was published in 1977. The company expanded its offerings with its acquisition of Layered, an accounting program designed for use on the Macintosh. The company's products were included in the initial launch of the IBM Personal Computer, and it was acquired by Management Science America (MSA) in June 1981.

By early 1984 InfoWorld estimated that Peachtree was the world's seventh-largest microcomputer-software company, with $21.7 million in 1983 sales.[9] After several subsequent changes of ownership ending with ADP, Peachtree was eventually acquired by the Sage Group in 1998 for US$145 million. Peachtree was the first business software introduced for microcomputers and the oldest microcomputer computer program for business in current use, with the possible exception of the original Microsoft Basic interpreters, also introduced in 1975.[citation needed]

Canadian version[edit]

The Canadian version of Sage 50 was previously known as Bedford Accounting and later renamed to Simply Accounting. In 2013 it was brought under the Sage 50 banner.

Bedford Software developed Bedford Integrated Accounting for DOS in 1985 and for Macintosh in 1988, then naming it Simply Accounting. Bedford Software was acquired by Computer Associates in 1989. Simply Accounting became an Independent Business Unit of Computer Associates in 1996 and subsequently incorporated as ACCPAC International, Inc. in 1998. ACCPAC was acquired by The Sage Group in 2004 for integration with its ERP products. It is developed in Richmond, British Columbia.[10]

French version[edit]

The French version of the product, known as Sage 50cloud Ciel, was originally developed by Ciel, the French software business, founded in 1986 that Sage acquired in 1992.[11]

German/Austrian version[edit]

Accounting

The Austrian and German versions of the product were formerly known as Sage GS-Office. It came under the Sage 50 banner in 2015.

Polish version[edit]

The Polish version of the product is known as Sage Symfonia 50cloud.

Spanish version[edit]

The Spanish version of the product was formerly known as Sage ContaPlus.[12] First offered in the early 1980s by Grupo SP, it gained incredible popularity in 1990 by using news stands as point of sale and was offered at very low prices at a time where professional accounting was very expensive.[13] ContaPlus also took advantage of the Spanish accounting reform of 1990. Nowadays, ContaPlus is the 'accounting standard' in Spain with more than one million customers.[14][15] Grupo SP was purchased by Sage in 2003.[16][17]

Sage 50 Accounting Software Training

South African version[edit]

Former Pastel logo.

South African version, Sage 50cloud Pastel, was formerly known as Pastel Accounting[18] and has been available since 1989.[19] The product was initially developed by Pastel Software who were purchased by Softline in 1999. The product then became known as Softline Pastel. Sage acquired Softline in 2003 and the product eventually became known as Sage Pastel and later Sage 50cloud Pastel. It is widely used in industry, with job advertisements frequently requiring proficiency in the software, and training courses are available by third-party providers.[20]

References[edit]

  1. ^'Sage really knows its onions'. The Scotsman. 27 October 2000. Retrieved 5 May 2019.
  2. ^'Sage dominates accounting software market'. Accountancy Age. Retrieved 5 May 2019.
  3. ^Full group accounts made up to 30 September 1989, The Sage Group plc, 11 December 1989
  4. ^'Sage revamps peer-to-peer MainLAN system for Windows and Mac, adds Mac Sterling +2, new version of Sovereign'. Computer Business Review. 25 March 1993.
  5. ^'Improved Sage software package aimed at small businesses'. Accountancy Age. 15 February 2000. Retrieved 9 May 2019.
  6. ^Jobs advertised on Sage Careers website
  7. ^Fineberg, Seth (17 May 2012). 'Peachtree Now Officially Sage 50'. Accounting Today. Retrieved 12 July 2013.
  8. ^Ensmenger, Nathan (7 May 2004). 'Oral history interview with Ben Dyer'. Charles Babbage Institute, University of Minnesota. Retrieved 12 July 2013.
  9. ^Caruso, Denise (1984-04-02). 'Company Strategies Boomerang'. InfoWorld. pp. 80–83. Retrieved 10 February 2015.
  10. ^'Success multiplies for Simply Accounting'. Business in Vancouver. 14 February 2006. Retrieved 8 May 2019.
  11. ^'La marque Ciel de Sage change de nom à l'occasion d'un lancement d'une offre de gestion intégrée à Office 365'.
  12. ^'Después de más de 20 años, Sage ContaPlus da paso a Sage 50cloud'. MuyComputer. 11 March 2019. Retrieved 6 May 2019.
  13. ^(in Spanish)SP ContaPlus 2006 - Francisco Javier Moreno Martínez - Google Books
  14. ^(in Spanish)SP ContaPlus Élite 2010. Contabilidad informatizada - Ma Angeles Mur Nuño - Google Books
  15. ^(in Spanish)ContaPlus 2011 - Fernando de Vega González - Google Books
  16. ^(in Spanish)SP ContaPlus Élite 2011. Contabilidad informatizada - María Ángeles Mur Nuño - Google Books
  17. ^(in Spanish)Control y Gestión del Área Comercial y de Producción de la Pyme. - José Ignacio González Gómez - Google Books
  18. ^Thorne, Karen; Hadland, Adrian (2004). The people's voice: the development and current state of the South African small media sector. Pretoria: HSRC Publishers. p. 99. ISBN0-7969-2059-1.
  19. ^Pastel Website
  20. ^Cape Province University of Technology Pastel Short Course

External links[edit]

Sage 50 Accounting Software Price

  • Sage 50cloud Accounting US
  • Sage 50cloud Accounting Canada
  • Sage 50cloud Accounts UK

Sage 50 Accounting Software Download

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