Sage 500 ERP Financial Management

The core financial modules expanded by integrated solutions provide the tools to record, monitor, and report on performance and profitability across your entire organization. Flexible reporting, allocation, currency, and analysis options increase productivity and put you in control of your finances so you can manage your company and increase profits.

General Ledger

The General Ledger module for Sage 500 ERP (formerly Sage ERP MAS 500) puts you in firm control of your business by giving you quick access to mission-critical financial data. When you combine power and flexibility with ease of use, you get the critical information you need to make timely and informed business decisions and manage your business more effectively. The system’s extensive drill-down capabilities enable you to view everything from detailed journal entries to original source documents.

Accounts Payable

The Accounts Payable module for Sage 500 ERP helps you save time, reduce administrative costs, and gain better control over your business processes by automating a wide range of vendor-related tasks. In addition to providing maximum flexibility through built-in customization capabilities, the system gives you fast, easy access to the information you need for day-to-day tasks and period-end processing, including vendor statistics, aging, and transaction information.

Accounts Receivable

The Sage 500 ERP Accounts Receivable module helps you improve cash flow while enhancing customer service through more effective management of your entire collections process with the power of automation to speed up and streamline every step in your collection efforts, from invoice entry to the recording of payments. The system automatically calculates sales taxes, discounts, commissions, and due dates, and distributes invoice amounts to the appropriate General Ledger account based on the item sold. Customers utilizing third party collections or web stores can even import pending cash receipts to minimize data entry.

Cash Management

The Sage 500 ERP Cash Management module improves efficiency, streamlining, transaction processing, and reconciliations. Cash Management enables you to quickly and easily handle and track a wide range of bank transactions―including deposits, withdrawals, adjustments, interest earnings and charges, bank fees, and transfers between bank accounts―with pinpoint accuracy.

Multicurrency Management

The Sage 500 ERP Multicurrency Management module allows you to optimize your international opportunities by providing a streamlined, flexible way to manage multiple currencies, exchange schedules, and currency fluctuations. You can save time and streamline your business processes by using the power of automation to create and maintain an unlimited number of currencies and exchange rate schedules. You can use Multicurrency Management to update exchange rates on a daily basis and record realized or unrealized gains and losses due to currency fluctuations to the general ledger accounts assigned to the currency. Realized gains and losses are automatically posted when the transaction is settled.

Allocations

Being able to deploy resources efficiently and monitor costs accurately are key factors in gaining and sustaining a competitive advantage. The Sage 500 ERP Allocations module offers you a powerful yet flexible tool to do just that―through timely and efficient allocation and accrual processing, you can simplify and streamline period-end closing cycles.

Sage Budgeting and Planning

Sage Budgeting and Planning is an enterprise-wide, purpose-built budgeting and planning application. With Sage Budgeting and Planning, you’ll make quicker, more informed business decisions by shortening budgeting and planning cycles. And, with a planning process that is easier and more efficient, you’ll be able to encourage collaboration across all lines of business and tie budgeting activities to organizational performance.

Sage Fixed Assets

Sage Fixed Assets is a comprehensive solution that provides advanced fixed asset accounting and reporting features. It offers more than 50 depreciation methods including MACRS 150 percent and 200 percent (formulas and tables), ACRS, Straight-Line, Modified Straight-Line (formulas and tables), Declining Balance, Sum-of-the-Years-Digits, and user-defined depreciation methods.

Sage Fixed Assets also allows you to efficiently create and track multiple physical inventories of assets and enjoy complete control over your entire asset inventory at every step. This solution allows you to track your fixed asset inventory thoroughly, helping to eliminate lost or stolen assets and reduce insurance and tax over-payments. With automated inventory functionality and built-in reconciliation capabilities, Sage Fixed Assets offers you a complete range of inventory tracking tools so you can effectively achieve tighter control over your fixed assets.

Sage Sales Tax

Constantly changing tax laws intensify the complexity of calculating, collecting, and remitting sales and use taxes to more than 8,000 taxing jurisdictions across North America. Determining the correct nexus or jurisdiction is becoming increasingly difficult as municipalities grow, shrink, are annexed, or split off. Sage Sales Tax has the ability to determine the correct nexus not only by Street Address or ZIP code, but also by longitude and latitude of the delivery site.

 

“Emerald TC did a great job with our implementation of Sage 500 ERP (formerly Sage ERP MAS 500) from Sage Software. They also continue to respond to our questions in a timely manner.”

Angela Gentry, D&F Marketing – Specialists in food, beverage, and equipment design

*Sage 500 ERP is an alternative to Epicor, Microsoft AX, and Microsoft Dynamics.

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