Sage 200 Financials

Sage 200 Financials from Sage Software

At the heart of the Sage 200 suite, Sage 200 Financials will give you the flexible tools you need to fully control your costs, revenues, profits and cash flows.

Instant access to up to the minute financial data means that you can efficiently track and analyse key information, improve productivity and make informed strategic decisions.

Sage financials consists of the following modules;

Sage 200 Nominal Ledger

Sage 200 Nominal Ledger provides you with a wealth of reporting and business management information. Its multi-level structure allows cost centre and departmental breakdown, giving you total flexibility to track budgets and produce profit and loss reports by product, sales region or even individual departments. It simplifies managing your VAT, whilst providing comprehensive analysis of VAT details.

Key Features and Benefits:

Process transactions quickly and efficiently - Create templates for recording repetitive transactions like payroll values. The prepayments option allows you to cater for items that have been paid in advance, such as insurance. Accruals can be configured and automated to cater for anything you pay in arrears, such as electricity bills. You can also place transactions on hold with the batch postings facility.
Budgetary control to monitor performance - Track your actual performance against your budgets by recording this year and up to 5 previous years of annual or monthly budgets. You can also calculate monthly budgets by percentage or by import. Furthermore, you can export information and analysis it in other applications.
Rapid deployment - You can import transactions and budgets that are held in other applications quickly and easily. Multiple cost centres and codes can be quickly created using existing information, eliminating the need to re-key information.
VAT Returns made simple - The screen actually replicates a printed VAT Return. Analyse the figures produced using the drill down facility.
Effective consolidation - Nominal Ledger data from separate companies can be merged for financial reporting. This includes companies operating in different currencies and nominal structures, as the software converts values to the base currency of the parent company.

Sage 200 Cash Book

The Cash Book controls all of your bank, investment and cash accounts, with the ability to configure all Standing Orders and Direct Debits. It offers multi-currency processing and advanced bank reconciliation, including links to online banking services.

Key Features and Benefits:

Automate Direct Debits and Standing Orders - Arrangements can be made to automate transactions on a monthly, quarterly or user-defined basis.
Save time and money with Bank Reconciliation - Reconcile bank statements with details of payments and receipts entered. Discrepancies can be recorded, along with other transactions like bank and interest charges.
Foreign Bank Accounts & Electronic Banking - Caters for your different banking requirements, such as inter-account transfers and foreign currency. Electronic banking allows for transactional information requests to be downloaded from the bank and reconciled when required, giving flexibility that puts you completely in control.

Sage 200 Sales and Purchase Ledger

Sage 200 offers total control for managing your customers and suppliers, no matter what currency they trade in. These ledgers are designed to allow you to enter data quickly, by specifying defaults that suit your processes. You can attach all relevant documents to a customer or supplier records, as well as details of individual trading terms. And if you have large volumes of transactions, invoice processing can be batch controlled.

Key Features and Benefits:

Quickly locate and interrogate transaction data - All details are within easy reach whether they are related to the financial or commercial ledgers. For example drill down to view the details of an invoice, order or to analyse a transaction under query as well as any transactional notes that may have been recorded.
Designed for rapid data entry - Both ledgers can be configured with numerous defaults to speed up the data entry process and ensure compliance with agreed terms of business. For example, VAT can be applied automatically at the standard rate but can be changed; and in the Purchase Ledger a ‘For Authorisation’ flag can be set automatically on invoice transactions over a certain value. When entering transactions such as invoices, colour-coded warnings assist in preventing errors while not interrupting your workflow. In addition transactions can be batched up and applied to the ledgers at ‘off-peak’ times to optimise system speed.
Process Foreign Currency transactions - You can trade in up to 100 foreign currencies, setting up each supplier or customer account with an operating currency. Balance and turnover will be maintained in base and foreign currency within the ledgers. Payments and Receipts can be made though the Cash Book or Sales/Purchase Ledgers and exchange rate fluctuations are dealt with by calculating ‘gains’ and ‘losses’ and posting them to specific nominal accounts.
Credit Control - The Sales Ledger provides the best tools to manage your debtors, including retrospective aged debtor reports, customer statements and customisable debt chasing letters - with the flexibility to analysis absolute or overdue debt against customisable ageing periods. Furthermore the credit control options stored against a customer record can automatically calculate average time to pay, key credit control dates and has the ability to on-line credit check.
Automate Payments - The Purchase Ledger allows you to quickly identify all invoices overdue for payment and those that, if paid, will qualify for settlement discount. Automatic error correction - Should you post a transaction incorrectly; Sage 200 can automate the necessary accounting processes to reverse it, updating the audit trail in the process.
Customer analysis - Customers can be segmented prospect, trade customers etc.) so that sales information and buying trends can be easily viewed and analysed. In addition you can analysis sales figures by specific trading periods,
for example daily and weekly.