Sage 50 Basics Every Small Business Must Know

Sage 50 is an online accounting solution that allows small businesses to take control of their finances. By choosing from a range of software designed specifically for your business needs, Sage 50 helps you unlock the full potential of your business, allowing you to work smarter and save time, improving the overall efficiency of business operations.

For SMEs thinking of implementing accounting software into their business processes, here is a brief guide to the basics of Sage 50 and what it can do for your business.

Honeywell

Getting Started with Sage 50

When you purchase Sage 50, the software will become available for you to download, and after a quick registration and activation you are ready to get started. The great thing about Sage 50 is that there is minimal configuration, so any users will be up and running in a matter of minutes.

The straightforward setup allows for customisation that can match any business. The software is free of any accounting jargon, it uses clear, concise language so that it does not exclude any persons who perhaps are unfamiliar with the more complex aspects of dealing with finances. The interface design is easy to navigate and provides you with practice data so you can get the hang of the software. There is unlimited testing with these dummy numbers so you can quickly get to grips with Sage 50 before you import any of your real data.

Your business data can then be easily imported from Microsoft Excel so you can get started on managing your business. Sage 50 is designed to be easy to use and accessible to all, so that no matter what your experience with accounting and managing finances, integrating Sage 50 into your business operations should be simple.

Cash Flow and Invoices

With Sage 50, everything is in your control. You can run your business more efficiently with a link directly to your bank account to record sales and receipts in real time to manage your accounting, invoicing, cash-flow, inventory, taxes and so much more.

Using Sage 50 you can see what you’re owed, manage any late payments and schedule supplier payments. From directly within Sage, you can download information through your bank link to speed up the overall payment process. You can create and send personalised invoices and quotes to give your business documents a professional edge.

Sage 50 gives you complete control over your cash flow, recording money going in and out of your business. You can manage multiple payment methods including cash, cheque, card and direct debit. With profit and loss and balance sheet reports that can be shared electronically with your accountant, you’ll always know the overall financial situation of your business.

Inventory Control

Aside from the financial side of things, Sage 50 creates the perfect inventory control solution for your business for your products and stock. It includes configurable product stock codes, descriptions, categories and prices for each of your inventory products. You can monitor the quantity and value of products in stock and receive automatic updates to stock levels when invoices are posted. The clever interface displays a data dashboard showing the top and bottom performing products in the range.

You can view the profitability of each individual product line and hide inactive product records. With the addition of barcode labels to your products, you can speed this process up even further. Stock 50 will also produce insightful reports about product performance and comprehensive data around product sales by different customers.

G-Smart Link 50 for Sage Barcoding

The beauty of Sage 50 is that it can be customised to your business using a range of add-ons and sage additions suited to your own personal requirements. At GSM Barcoding, we can turn your Sage 50 Accounts system into a fully functioning warehouse management system with G-Smart Link 50.

Link 50 communicates directly with your Sage software, allowing you to streamline the stock control process. It provides you with a barcode inventory system that is easy to set up and use. You can track stock via barcodes into your existing Sage system, providing a fully integrated inventory system. Benefit from accurate, real-time information about your stock levels all within Sage.

G-Smart Link 50 was developed by our Sage accredited developers to seamlessly integrate into your existing Sage software. It provides wireless working, eliminates stock counting errors and improves control and reporting in warehouses.

Sage 50 G-Smart Link
With over 40 years in the industry, we can advise you on every element of your Sage 50 stock control. Contact us today to discuss your requirements.

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