Sage 100 ERP Functions: General Ledger, Accounts Receivable and Accounts Payable

In previous Sage 100 ERP (f/k/a Sage ERP MAS 90/200) blogs we detailed the function of the Purchasing Management and Inventory and Warehouse applications.  We will now move on to the core functions of Accounting and Finance in Sage 100 ERP.  With Sage 100 ERP your business can proactively manage payables and receivables and generate comprehensive financial reports. Using the functional domains of General Ledger, Accounts Receivable and Accounts Payable that will be described in this blog post you will be able to establish a solid business management foundation from which you can stay on top of all financial information.

General Ledger

 

Flexible and Easy to Implement:  The adaptable design of the Sage 100 ERP General Ledger module allows you to use your current chart of accounts or create a new chart of account structure from over a dozen industry-specific selections, making implementation quick and easy. General Ledger uses our exclusive dual grid entry for quick, efficient, and accurate data entry. The grid entry format allows you to easily customize the data entry screens. Once you have created a transaction, it’s easy to delete a row, move a row up or down, or change a value. You can also use the built-in calculator to easily modify it, or even reset a row or all rows by using the reset feature.

Valuable Business Insights:  Ease of use combined with the powerful attributes of the General Ledger module streamlines all bookkeeping and accounting transactions, and the resulting reports provide important business insights. Sage 100 ERP General Ledger offers virtually unlimited financial reporting capabilities. In addition to the standard General Ledger reports, Sage 100 ERP provides the ability to create financial statements such as Income Statements, Cash Flow Statement, Balance Sheet, and Trend reports. All financial reports are created and modified through an easy-to-use wizard so you can simply select formatting options to create a report specific to your business needs. Gaining quick and accurate insight into your business is critical to maintain your competitive edge. Sage 100 ERP General Ledger provides a key method for you to stay on top of your financial information.

Accounts Receivable

 

Sage 100 ERP Accounts Receivable quickly and easily accumulates and presents the information you need for effective cash management in an intuitive format. The straightforward implementation streamlines daily accounts receivable activities for optimum efficiency, and the flexible design allows you to turn views and options on or off to suit your requirements. Streamline how you manage your customers who have corporate and branch accounts utilizing powerful National Accounts features. Efficiently track and bill the parent company for goods and services you sell and provide to the branch—while still keeping a unique customer account for each entity.

Powerful, yet simple to use, Accounts Receivable has streamlined and flexible cash management capabilities with multiple key reports. Easily generate personalized customer communications using built-in Paperless Office capabilities, save copies of generated reports, and easily access them anytime.

Full Featured for Maximum Business Insight:  Accounts Receivable tracks receivables, plans cash flow, and provides extensive information and reporting features to give you vital business insights to plan for the future. The powerful invoicing function allows you to prepare invoices and billings from within the system and automatically prepares customer statements on demand.

The multiple features of the Accounts Receivable module allow divisional accounting, use of multiple bank accounts, audit trails, the ability to add new customers and codes “on the fly,” automatic processing of repetitive billing, statement printing on standard or custom forms, advanced sales tax support, extensive reporting, and more.

A comprehensive module, Accounts Receivable also integrates with

  • General Ledger
  • Sales Order
  • Inventory Management
  • Job Cost
  • Bank Reconciliation
  • e-Business Manager
  • Custom Office

 

Accounts Payable

 

A Comprehensive Solution:  The Accounts Payable module for Sage 100 ERP utilizes a revolutionary user interface. It provides a comprehensive solution for managing your expenditures and helps you raise productivity through a dual-grid entry screen and powerful reporting capabilities. Beyond recording transactions and obligations to vendors and creditors, Accounts Payable offers you flexible cash disbursement and check writing capabilities and takes advantage of discounts offered for invoices paid by the discount due date. The informative financial reports, including payables aging and future cash requirements, give you valuable business insights for more informed decision-making.

Flexible and Powerful:  The many features of the Accounts Payable module allow you to use streamlined, personalized dual-grid entry for accounting by department or division; access multiple bank accounts; and audit changes to the vendor masterfile, use tax, and freight allocation. You also gain the ability to add new vendors and codes on the fly, perform automatic payment selection, print checks on standard or custom stock, access detailed invoice history retention, record check reversals, and more.

Accounts Payable can be used as a standalone solution or to expense invoices directly to the Job Cost module. You can post information from invoices entered through the Purchase Order module directly to the Accounts Payable masterfile. From Accounts Payable, you can query all open purchase orders for each vendor.

Extensive Features:  Powerful, yet simple to use, Accounts Payable includes bundled reports and forms that leverage Crystal Reports for Sage 100 ERP and the ability to create personalized settings. Add user-defined fields (UDFs) to any data file within Accounts Payable, Accounts Receivable, and General Ledger. Accounts Payable smoothly integrates with Microsoft® Office to easily generate personalized communications to your vendors.

 

Contact Our Sage 100 ERP Team

Are you interested in learning more about the features in Sage 100 ERP 2013? Contact SWK’s Sage 100 ERP professionals to learn how these enhancements can benefit you. For additional information please contact us at 877-979-5462, or click here to contact us.