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Sage 50 2008

Sage 50 Accounts Professional 2008 helps you take care of the business essentials, like your finances and cash flow. But with our software you can do so much more. You can easily use the information stored in your accounts to help you manage and grow your business.

Specially designed for small and medium sized businesses, Sage 50 Accounts Professional 2008, helps you manage your customers, suppliers and stock, your day-to-day finances, VAT returns and year-end accounts. It helps you stay in control of your finances and easily share information with your accountant, leaving you free to concentrate on running your business.

Sage 50 Accounts Professional 2008 combines all the features of Sage 50 Accounts Plus 2008 with the addition of:

  • Foreign trader
  • Sales order processing and fulfilment
  • Purchase order processing
  • Additional users (up to 10)
Reasons to Buy

Choose Sage 50 Accounts Professional 2008 if:

  • You need software that is easy to use and covers all your accounting needs, from VAT returns to credit control.
  • You want advanced features to help you manage your growing business.
  • You need an accounts system that helps your company to grow, allowing different people to use the system at the same time.
  • You require accurate management information and reports.
  • You need software that integrates with your other software to develop a more efficient business system.

Features and Benefits

  • Manage your VAT: Find all your VAT information in one place using the VAT Ledger, and file your VAT returns securely online.
  • Management reporting: See more than just your monthly figures on your management reports, and drill down to see the detail behind your top-level figures.
  • Bank reconciliation: Record multiple bank accounts and their details. Enter payments and receipts and save bank reconciliations part-way through.
  • Generate invoices, quotes, orders or proformas for your customers: Choose whether you want to turn a quotation into an order, invoice or keep the quotation for your records to use again in the future.
  • Sales order processing and purchase: Create orders, allocate and despatch stock, produce delivery notes, be informed of stock shortfalls and automatically generate a purchase order.
  • Discounts and deposit: Automatically calculate the effect of percentage discounts or one-off reductions and display the information clearly on your invoices.
  • Bill of Materials: Set up records of the basic 'kit of parts' for your manufactured or assembled items.
  • Foreign trader: Process foreign currency transactions and keep track of your assets. See at a glance foreign currency bank balances and correct any transaction errors.
  • Excel® integrated reporting: Microsoft Excel can link directly to your Sage 50 Accounts data so that directors and managers can access and analyse accounts information without needing to use Sage 50 themselves or have it installed on the same PC.
  • Support for UK charities: Fund management, charity-specific financial reports and an improved chart of accounts designed just for charities.

 

Managing your VAT
With Sage 50 Accounts 2008, you’ll find all the information and actions you need to prepare, generate and reconcile your VAT returns in one
place, so you can stay on track.

We’re already helping thousands of UK businesses successfully submit information and payments to HM Revenue & Customs (HMRC) online with our Payroll and CIS software. Now we’ve taken the same proven technology and introduced it into Sage 50 Accounts 2008 to help you submit your VAT returns online with
complete peace of mind and minimum effort.

And because Sage 50 Accounts 2008 software has been fully tested and achieved recognition for filing VAT returns (VAT 100 and VAT 101) from HMRC, you can be sure you’re recording and submitting the right information securely.

Managing adjustments
There are a number of reasons why you may have to adjust the figures in your VAT return before sending them off to HMRC. Your accountant may perform or send through corrections, or your business may use nonstandard VAT schemes. Whatever you need to adjust, Sage 50 Accounts 2008 makes it simple and straightforward. You can record the amount together with the reasons for each adjustment to help you and your accountant reconcile the
changes and account for them when facing inspections from HMRC.

 

 

 

Because each transaction is now flagged with a unique VAT return number and stored along with complete histories of your VAT returns, they’re easy to trace when it comes to audits from your accountant or inspections by HMRC
- and that could save you a great deal of time and hassle.

Trading in the European Community
For businesses that trade with other countries in the European Community, you can now see your EC Sales list as an onscreen report, helping you identify and automatically calculate the value of sales to individual customers.

Helping you to deal with VAT changes as a result of ‘carousel’ fraud Legislation to combat VAT ‘carousel’ fraud was introduced on 1 June 2007. That means
if you trade mobile phones or computer chips with a total net value of more than £5,000 with other VAT registered companies, you’ll need to change the way you record and report that
trade for VAT purposes.

With Sage 50 Accounts 2008 we’ve made it even simpler for you to account for this kind of transaction. You can now generate the relevant reports on screen and submit them directly to HMRC; saving you time and helping ensure you
record the right information.

Qualifying questions - customers

  • Do you generate your VAT returns
    from Sage?
  • How often do you have to adjust the figuresthat you send off to HMRC?
  • Do you, or are you intending to, submit your VAT returns online?


Sage Business Partner

Acorn IT Solutions,
2 Hospital Road,
Magherafelt,
BT45 5DG

T : 028 796 33020
F : 028 796 33090
info@acornitsolutions.com