Sage 50 Accounts V30: What’s New?
Sage has released the latest version of its accounting software for small to medium businesses, Sage 50 Accounts v30. With new AI features, changes to reports, and a 64-bit version as default, it is better than ever.
Included in their subscription, Sage 50 Accounts subscribers can upgrade to version 30 now.
Report Finder
The first AI-powered tool in Sage 50, the new Report Finder effortlessly locates the report you are looking for.
Simply describe in the search bar the report you are looking for and the tool will do the rest. With natural language searching you can use everyday language to find the reports you need.
Traditional reports rely on keywords that do not often match everyone’s chosen terminology. However, with everyday language searches, keywords aren’t the only thing taken into consideration. The new AI features will consider your entire sentence or statement when executing a search query.
The number of reports in Sage 50 Accounts has also been reduced by removing redundant reports and consolidating multiple reports into a single version that covers all transaction types. For example, instead of 7 detailed Day Book reports for Customers, there is now a single Day Book report where the desired transaction type can be selected within the criteria screen.
Invoice Finance from Lloyds Bank
Boost your cash flow with Invoice Finance from Lloyds Bank. Get early access to the funds owed to you within 24 hours – all managed from within your Sage 50 Accounts software.
Bank Feeds
In Sage v30, improvements to Bank Feeds offer automated rule creation and approval. This means that transactions are automatically categorised and recorded directly from the feed, saving valuable time, and reducing the risk of errors.
64-bit version of Sage 50 Accounts
Starting from v30, Sage 50 Accounts has transitioned to a default 64-bit configuration. This enables it to integrate seamlessly with other 64-bit applications like Microsoft Office and other third-party applications.
Being a 64-bit application, the memory capabilities for Sage 50 Accounts have been enhanced significantly to improve performance and minimise the risk of out-of-memory issues.
New tax code property for fees
For UK Invoice Payments users, when receiving payments via Stripe they were manually having to change the VAT return to show the reverse charge associated with fees. However, in the new Sage 50 Accounts version 30, a new checkbox has been added to the Edit Tax Code screen labeled Invoice Payment fees.
When this option is selected, the reverse charge for the bank payment will be automatically reflected in boxes 1,4,6 and 7 on the VAT Return.
Bank Defaults for Bank Payments and Bank Receipts
In earlier Sage 50 Accounts versions, the default tax code and department for Bank Payments was taken from Supplier Defaults, while the default for Bank Receipts was taken from Customer Defaults.
In Sage 50 Accounts v30, the Bank Defaults screen has changed so users can set their own default tax code, department, and nominal code for Bank Payments and Receipts.
Google Analytics Consent
When users open Sage 50 Accounts version 30 for the first time, they will be prompted to give their consent to send data regarding the use of the software to Google Analytics, replacing Universal Analytics.
Sage reports data to Google Analytics for product insights so product developments can be focused on the most beneficial areas of the software.
Sage 50 Accounts Training
As a Sage Business Partner, Softext offers a range of Sage training options to help you get the most out of your software subscription. From self-study manuals and online courses, to remote and in-person training options, there are courses designed for every ability and budget.
