Financials - Managing your financial position
Ensure you know the financial position of your company at any point in time. Analyse historical trends and data to give you the accurate information you need to make critical business decisions.
Accurate and up to the minute finances
Be precise with your business finances. Track budgets, drill down into data and deal with all your VAT submissions.
Flexible accounting periods
Gain greater control over your accounting periods, with up to 20 accounting periods, which can be open, closed and re-opened as needed. You can also control the length of period and set up period structures in advance for future years.
Flexible nominal code structure
Enjoy the benefit of in depth analysis and reporting. Set up departments and cost centres as well as Profit & Loss and Balance sheet reporting with the option to group accounts for reporting purposes. Make adjustments to previous year journals and roll changes forward to ensure your accounts are accurate and up to date.
Batch data upload
Enter a batch of journals and place transactions on hold for authorisation before committing them to the Nominal Ledger.
VAT flexibility
Choose VAT inclusive or exclusive prices. Online VAT submissions are built in, ensuring you comply with Her Majesty’s Revenue and Customers (HMRC) regulations.
Save time with automated statements, standing orders and direct debits
Set up processes to send statements directly to customers. Get a view of all outstanding customer payments and invoices to help you maintain cashflow. Easily and clearly view and track all standing orders and direct debits, with details of the day they are paid, frequency, number of payments made, number still to pay and much more.
Store unlimited customer and supplier contact details
Make sure the right information goes to the right contact by storing customer and supplier details including phone numbers, addresses and websites.
Detailed reporting
Produce detailed reports by region, sales representative, industry type, customer rating account manager, partner and much more. Easily forecast and budget for customers, suppliers and projects.
Manage your cash flow
Effectively manage your cash flow with Sage 200. Make sure you’re up to date with the latest company information at your fingertips.
See your balances
See at a glance the liquidity of your accounts using bar charts and line graphs to bring figures to life.
Bank reconciliation
Save time and eliminate rekeying by reconciling bank statements alongside your banking software. Reconcile statements with payment and receipt details, record discrepancies, transactions and charges all in one place.
Advanced multi-currency options
Manage all your foreign currency trading with ease, including exchange rate changes and their impact on business finances across all ledgers and cash book. Move money from one bank account to another, and between currencies to maximise interest earned and minimise overdraft charges.
Understand how changes impact your cash flow
Get an accurate view of your financial status based on actuals and budgets for up to 5 years. See your short-term and long-term cash position and quickly understand how unexpected delays and expenses will affect your cashflow.