What is Sage 200 Financials?
The Sales Ledger lets you take care of the business transactions you make with your customers.
Use the Sales Ledger to:
- Keep a record of each of your customers.
- Manage foreign currency transactions including maintaining the balance of the account in both the customer’s currency and your base currency and producing an EC sales list and intrastat.
- Enter transactions individually or in batches
- Allocate receipts to outstanding invoices.
- Manage outstanding debts, produce statement and payment reminder letters automatically
- Produce a large range of standard reports such as the Account listings, detailed analysis of balances and transactions, day books and trading reports.
- Carry out end of day, month, and period routines.
The Purchase Ledger lets you take care of the business transactions you make with your suppliers.
Use the purchase ledger to:
- Keep a record of each of your suppliers.
- Manage foreign currency transactions.
- Enter transactions individually, or in batches.
- Manage payments including producing cheques and remittance advices, creating payments automatically via the payments run, allocate payments to outstanding invoices either manually or automatically and producing various reports showing outstanding invoices.
- Authorise your invoices and credit notes.
- Produce standard reports, such as account listings, detailed analysis of balances and transactions, day Books.
- Carry out end of day, month, and period tasks.
The Nominal Ledger is where you record the revenue and expenditure of your business. Transactions recorded in all the Sage 200c modules are recorded here.
Use the Nominal Ledger to:
- Create your nominal accounts.
- Create cost centres and departments.
- Create default nominal accounts to allow integration with the other modules.
- Create budgets for your nominal accounts.
- Make journal entries to your nominal accounts. These can be single journal entries, recurring journal entries, reversing journal entries.
- Bank payments or receipts. These can also be entered using the Cash Book module.
- Record prepayments and accruals. This allows you to manage payments made in advance and in arrears.
- Budget comparisons.
- Trial Balance.
- Profit and Loss.
- Balance Sheet.
The Cash Book controls transactions associated with your bank and cash accounts. Use the Cash Book to maintain details of your bank accounts. You can control transaction processing and reconciliation.
- Set up bank accounts, specify a default bank account, enter cash book opening balances, and set up e-Banking or bank feeds.
- Supplier payments and refunds and allocations can be recorded here or in the Purchase Ledger. You can also allocate the payment from the Cash Book.
- Grouped sales or purchase transactions.
- Nominal receipts and payments can be recorded here or in the Nominal Ledger. You can enter transactions with or without VAT. These are posted to a bank account and a specified nominal ledger account.
- Direct debits and standing orders.
- Transfers between bank accounts. These can be in the same or different operating currencies. If the accounts operate in different currency, the system converts the transactions based on the appropriate exchange rate.
- Reconcile your bank accounts. This can be done manually, electronically, if you use either Sage bank feeds, Yodlee bank feeds, or Sage e-Banking.
- Produce standard reports such as account listings, detailed analysis of balances and transactions.
- Carry out end of day, month and period end tasks.
- Pay suppliers and your VAT return directly from Sage 200c using the Sage Payments service.
For more information about the Sage 200 Financials Module
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