Accounting: Difference between revisions
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Reference the '''Reports''' section to access job-specific reporting. Click on the '''Job Profitability Report''' to determine margins for each project, job phase or cost code. | Reference the '''Reports''' section to access job-specific reporting. Click on the '''Job Profitability Report''' to determine margins for each project, job phase or cost code. | ||
*Sage 50cloud Quantum Accounting provides access to advanced job functionality such as labor burden management, progress-based billing and subcontractor insurance tracking | *Sage 50cloud Quantum Accounting provides access to advanced job functionality such as labor burden management, progress-based billing and subcontractor insurance tracking. | ||
[[Category:Company]] | [[Category:Company]] | ||
Latest revision as of 15:46, 9 December 2024
SAGE Accounting
Product Overview
Review the tabs in the left-hand panel to get familiar with Sage 50cloud (formerly Peachtree Accounting).
Notice the main screen provides a dashboard of insightful reports or a process workflow of useful actions.
Business Status
Click the Business Status tab and review the following sections in the main dashboard.
Account Balances
Monitor your key accounts. Click View Balance Sheet to analyze your assets, liabilities and equity.
Revenue: Year to Date
Analyze sales, profits and net income. Click View Income Statement for a detailed breakdown.
Vendors to Pay
Review your outstanding balances and make a payment.
Aged Payables
Visualize the distribution of payments that are 0-30, 31+, 61+ and 90+ days overdue.
Customers Who Owe Money
Review outstanding account balances and click to send reminder notices to customers.
Aged Receivables
Visualize the distribution of receivables that are 0-30, 31+, 61+ and 90+ days overdue.
Reporting
Reporting
Select the Reports & Forms tab at the top of your screen and choose Financial Statements.
Financial Statements
Easily pull up your Balance Sheet, Statement of Cash Flow or Income Statement for review with your bookkeeper or accountant.
Profitability
Your Income Statement breaks down your revenue and expenses by department, so you can understand where you’re making money and which margins are the highest. Pull up a Budgeted Income Statement to compare year-to-date profits with your budget and versus prior periods.
General Ledger
Drill down into individual transactions by GL number.
Cash Flow
Go to the Analysis dropdown and select Cash Flow Manager to visualize your current and future cash on hand. Enter ‘what-if-scenarios’ to plan for potential situations and adjust purchases and outstanding payments to understand cash flow implications.
Manage Customers
Click the Customers & Sales tab to manage your accounts receivable.
Manage Customers
Go to Customers & Sales Tasks > View & Edit Customers to see your full customer list. From here you can send them invoices and quotes, enter orders, review money received and more.
Manage Quotes & Sales Orders
Create and edit quotes, proposals and sales orders from the icons in the workflow.
Invoicing & Payments
Select Sales Invoices > View & Edit Sales Invoices to lookup all received and outstanding payments. Double click on a record to pull up the details and email a payment reminder with a button for online payments.
- quotes and sales invoices can be memorized for future entry
Manage Purchases
Click the Vendors & Purchases tab to manage your accounts payable.
Manage Vendors
Go to Vendors > View & Edit Vendors to see your full vendor list. From here you can create purchase orders, payments and credit memos.
Manage Purchase Orders
Go to Purchase Orders > New Purchase Order to order more inventory. Select a vendor, item and quantity to place the order. Assign a job and phase or cost code, if needed.
Pay Bills
Click the Enter Bills icon to create a bill. Make a payment by selecting Pay Bills or Make a Payment from the Aged Payables window.
Manage Inventory
Click the Inventory & Services tab to manage your inventory items, assemblies and reorders.
Inventory List
Go to Inventory Items > View Inventory Items to review your inventory list. Double click on an item to pull up full details, set minimum stock, reorder points and preferred suppliers.
Assemblies
Select the Assemblies icon to set up new assemblies. Set up to 10 price levels for each item.
Reporting
Go to Reports & Forms > Inventory to view detailed reports. Or access the Inventory Profitability Report to view the margins for each product. Go to Options and change the date from ‘This Period’ to ‘All’ to pull in inventory data.
Manage Jobs
Go to 'Lists > Jobs to track your projects.
Job List
Review all jobs and visualize start and end dates and current status.
From the Job List window, reference the Tasks section to setup phases and cost codes.
Job Reporting
Reference the Reports section to access job-specific reporting. Click on the Job Profitability Report to determine margins for each project, job phase or cost code.
- Sage 50cloud Quantum Accounting provides access to advanced job functionality such as labor burden management, progress-based billing and subcontractor insurance tracking.