Sage Simply Accounting’s inventory management feature was designed to enable adjustments of multiple items using only one form or screen. With each item that you adjust, you need to indicate the account that will be affected. At same time, you can also move or transfer items to different warehouses. Transferring items does not take on a journal entry but just identifies the locations involved. You can obtain reports for each warehouse to check how much quantity and cost for each item. Continue reading
A tax code lets you combine different sales taxes into a defined group; you can then apply the required taxes at one time. Once you have set up your tax codes, Sage Simply Accounting automatically fills in the taxes associated with a vendor or customer. This lets you apply the required taxes for a vendor or customer who is subject to several different taxes, without having to enter the taxes separately. Continue reading
Other small business software products would be happy to just have the average costing method. With Sage 50 and Sage Simply Accounting, you would be happy to see that on top of average costing, there is first-in, first-out (FIFO) and specific identification with serialized inventory. And on top of that is the not-so-familiar (or not accepted) method here in the Philippines, last-in, first-out (LIFO). Continue reading
If you have customers or vendors that reside in another country, Sage Simply Accounting can be set up to account for operations in a foreign currency. This allows you to create foreign currency bank accounts, add foreign prices to your inventory and service items, pay bills and receive payments without having to manually convert the amounts to or from another currency, and display reports with amounts in both the foreign currency and the equivalent in your home currency.
Note: You can set up as many currencies as you need starting with the Premium version.
Sage 50 U.S. Edition
Customize the Size of the Sections
You can change the number of rows that display in the sections on the Management Centers. This allows you to customize the size of the sections on these dashboards.
Click the Customize link in the top right corner of a section of the dashboard to choose how many rows you want to display in that section.
Note: If you have more data than the specified number of rows, the section will have a scroll bar so you can see all of the information. Continue reading