Are you wondering what’s new in the latest update of Sage 50 Cloud finance software? You have come to the right place. This fresh update brings a host of improvements to make your accounting tasks easier, more customizable, and more efficient. Let’s get ready to explore the exciting changes in Sage 50 Cloud.
In this article, let us see:
- New Features & Enhancements of Sage 50 Cloud
- Sage 50cloud Accounting Software Now Includes
- Key Features in Sage 50 Cloud Latest Update
- Why Sage 50 Cloud: The Latest Update is Useful
New Features & Enhancements of Sage 50 Cloud
- Better PayPal & Stripe options: Now you can make partial payments and get discounts automatically when using PayPal or Stripe. It is easier and more user-friendly than before.
- Quick Ledger Updates: Sage 50 accounting software new update added a refresh button to each ledger. Now you can see new records right away without any hassle.
- More Space for Product Info: They have made the product description and part number fields bigger. You can now add more details about your products.
- Extra Email Addresses: You can now add up to 6 email addresses for your customers and suppliers, instead of just 3.
- More Ways to Analyze: There are 3 new analysis fields for customers and suppliers added, giving you a total of 6. This helps you understand your business better.
- See Gross Amounts Easily: When entering batches of data, you will now see a column for gross amounts. This helps you double-check your numbers more easily.
- Find What You Need Faster: If you are looking for specific records while entering data, you don’t need to memorize account numbers or product codes anymore with the help of this finance software.
- New Company Number Field: There is a new spot to enter company registration numbers in your company settings, and for your customers and suppliers too.
- Check Company Details Quick: You can now look up and verify company information through Companies House, right from within Sage 50 Cloud.
- Help at Your Fingertips: The new Sage 50 Cloud has added a help banner to every screen. Now you can find answers to your questions online, any time of day or night.
These updates are all about making your life easier and your work more efficient. Enjoy the new features.
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Sage 50 Cloud Accounting Software Now Includes
- A Cash Flow Manager to help you keep track of money coming in and going out, plus make invoices
- Tools to handle bills you need to pay, make payments, and connect to your bank accounts automatically
- A choice to add payroll services if you want (you can pick between basic or full help, depending on how many people work for you)
- Better ways to manage your inventory, including seeing what you have and where it is
- A system to figure out how much each job or project costs you
- Help with planning your money for the future
- A place to record all your money stuff called a general ledger
There are lots of ways to see how your business is doing:
- Over 150 different reports you can look at
- The ability to click on reports to see more details about each money transaction
- Information to help you make smart choices about your business
- Reports that work for general businesses or specific ones like building, making things, or selling stuff
Key Features in Sage 50 Cloud Latest Update
Here are the Sage 50 Cloud’s best features that come with the latest updates.
1. Better Bank Feeds
Remember the bank feed updates from version 29? Well, Sage 50 Cloud has gotten even better. Now you have been given the option to create, approve, and manage bank feed rules all in one place, making your banking tasks smoother than ever.
2. Upgraded to 64-Bit
Your Sage 50 accounting software is now running in 64-bit mode by default. What does this mean for you? It works better with other 64-bit programs like Microsoft Office, runs faster by using memory more efficiently, and plays nicer with other 64-bit software you might use.
3. Smart Report Finder
If you are connected to the cloud, you are in for a treat! The new report finder uses clever AI to understand what you are looking for when you type in everyday language. Plus, it keeps track of your favorite reports for quick access.
4. More Control Over Bank Defaults
Sage 50 Cloud comes with even more flexibility options just as the users have requested. Now you can set your own default tax codes and departments for bank transactions. Before, these were tied to your supplier and customer settings, but now you have direct control.
5. Google Analytics Permission
When you first open Sage 50 accounting software, you will be asked if it is okay to send usage data to Google Analytics. They are switching to the newer Google Analytics 4, as the older version is going away in June 2024. But you do not have to worry – you can always change your mind in the privacy settings later.
6. Updated Tax Rates for Flat Rate Schemes
If you are setting up a new company, you will see the latest tax rates for flat-rate compensation. If you are using an existing company, you will need to update these manually to stay current.
Why Sage 50 Cloud: The Latest Update is Useful
You can work from wherever you want from. You can now check your accounts from your office, home, or even on vacation. It is perfect for working remotely or teaming up with others.
1. Your Data is Safe: Don’t worry about losing your information. Sage 50 Cloud automatically saves your data, protecting you from computer crashes or other unexpected problems.
2. Quick Recovery: If something goes wrong, getting your data back is now much easier. This means less downtime for your business if you ever lose information.
3. Always Up to Date: You will always have the newest features and security updates without having to install them yourself. Your software stays current and secure without any extra effort from you.
4. Follow the Rules: The software automatically keeps up with the latest accounting rules and standards, so you don’t have to worry about it.
5. Works Well with Others: Sage 50 Cloud plays nicely with other cloud tools you might use, making your work smoother and more connected.
6. Grow at Your Own Pace: As your business gets bigger, you can easily add more features. You only pay for what versions or features you use and also only when you need it.
7. Smoother Workflow: Connect easily with other online tools like customer management systems, payroll services, and online shops. This makes running your business much smoother.
The Bottom Line
As we have seen in this article, there are many benefits and advantages of Sage 50 Cloud that can help improve your business operations and develop your business. Installing and implementing Sage for your business is very profitable for you in the long run but it may be difficult if you are using it for the first time.
So you can reach out to a Sage partner who can help you with not only installation but also be available for support anytime you might need them.