pros and cons of Sage 50, sage 50 Accounting, cost of Sage 50 accounting software, sage software, sage 50cloud reviews

Sage 50 Month End Close

How to perform a Sage 50 Month End Close

Steps to complete a Month End Close Procedures and Tips and Tricks

for Sage 50 Small Business Accounting

Month End Close Tips and Tricks

What is a month end close in Sage 50? The 6 basic steps include

  • Entering deposits
  • Recording checks
  • Complete Bank Reconciliation
  • Review financial balances
  • Print reports
  • Change to the new accounting period

The bank reconciliation which is included as a part of the month end close steps confirms all transactions for the monthly period were recorded and is one of the most  critical part of the process.


Small Businesses walk thru these steps each month end to make sure financial reports are accurate. The result of completing each month in a timely manner is so that the owners can determine profitability each month during the year. Often this is the basic for future financial decisions.

Sage 50 Tips and tricks

For Sage 50 users on any version

  • Sage 50 Quantum
  • Sage 50 Premium
  • Sage 50 Pro

5 accounts that need to be reviewed and reconciled monthly are:

  • Cash
  • Accounts Receivable
  • Inventory
  • Accounts Payable
  • Gross Wages

If you are a larger company there may be additional accounts that need to be reviewed for accuracy each month such as fixed assets, prepaid expenses, loan accounts and tax liabilities. If you are distribution or manufacturing company it may include WIP, Finished goods and cost of goods sold. For a month end close checklist follow the links below to request a month end close checklist in excel for your small business.

Sage 50

Sage 50 Bill of Material assembly sub-assembly work ticket build

Sage 50 Bill of Material

Sage 50 Bill of Material

I wanted to provide you with the process below which I think will help clarify how Sage 50 assemblies work. Hopefully this will be enough information to test thru the process with me or your team. The reason for my suggesting you walk thru this is to see the effort required to manage multiple level bill of materials.

When using multiple level bill of materials Sage 50 does not have the capacity to help you manage processes like scheduling, timing of demands for inventory items or shop floor routing and scanning capabilities. I bring these points up to confirm whether or not you might need those now or in the future to help your day to day operations become more efficient.

Sage 50 Bill of Material by Sage Software

Sage 50 can do multiple level bill of materials. Most often the challenge is that each sub assembly needs to be completed One at a time Before the final assembly can be completed and invoiced. Sage 50 does not have a back flush feature to allow

You to have clients request a delivery date and then manage the purchase order or build process to calculate the needed start date.

That said Sage 100 will step up to those needs. I can get a demo set up for this application so you can see the difference. The only conflict I am aware of in running Sage 50 and Sage 100 on the same serve is a potential conflict in the versions Of crystal reporting.


Once we have a discovery call on Sage 100, I can then pull together pricing. If you wish I can get this on our schedule and we can offer estimates of conversion. We have migrated many clients in similar positions.

Yes, you can have some folks on Sage 50 and Some on Sage 100. A Consideration would be consolidated financials If you are doing that now using Sage 50 consolidated financials. That said Sage Intelligence may be able to provide this with a bit of setup. During the initial discussion we can him his opinion of Sage Intacct which may be Another option.

Let me know how you want to proceed. I am here to help. 800.475.1047

This is the process To set up inventory items

Set up all raw materials as inventory item class “stock”

Example of stock item is PTWheel-6

Set up all sub-assemblies as inventory item class “assembly”

Example of sub-assembly is PTHANDLE-ASM

Set up finished item – as inventory item class ‘assembly”

the components could be raw materials and/or sub-assemblies

Example of finished item is Red Lawn Mower

Item ID Item Description Qty Needed Qty on Hand Est Cost
Red Lawn Mower Red 18″ Reel Mower w/Tracking
. PTHANDLE-ASM 4′ Handle Assembly 1.00
. . PTHANDLE-BENT4 Handle – 4 ft bent 2.00 150.00 13.18
. . PTBOLT-1.5 Hex bolt 1.5″ 4.00 1,280.00 1.32
. . PTNUT- 5/16 Hex nut 5/16″ 8.00 1,180.00 0.56
. . PTBOLT-2 Hex bolt 2″ 4.00 900.00 1.36
. PTWHEEL-6 6″ Wheel 2.00 70.00 12.00
. PTWHEEL-10 10″ Wheel 2.00 70.00 16.00
. PTBLADE-99-9 16″ 5 blade 1.00
. . PTBLADE-16-5 16″ 5 blade 1.00 56.00
. . PTNUT- 5/16 Hex nut 5/16″ 6.00 1,180.00 0.42
. PTBOLT-1.5 Hex bolt 1.5″ 6.00 1,280.00 1.98
. PTNUT- 5/16 Hex nut 5/16″ 6.00 1,180.00 0.42
Red Lawn Mower Total  Cost 103.24

In this example the highlighted items in orange are the sub-assemblies – this is the report found at

Reports – inventory – bill of materials

In the items that are sub-assemblies or final assemblies there is an option on the bill of materials file tab

Which allows you to include or exclude the component items from the customer orders.

Sage 50 Bill of Material – the process to build your finished items

You can build using one of two available methods

  • Option a. Assembly Build
    • Found under tasks – Assemblies
  • Option b. Work Tickets
    • Found under tasks Work Tickets

Either of these you would need to

Step 1. Build the sub-assemblies one at a time using assemblies or work tickets

Step 2. Build the final product

This build of the final product is the step that rolls up all costs

The thing I like about work tickets is you have a printable document

Where you can add some steps to help identify the process and give direction

Then when the build is complete a document that can be provided to the front

Office to complete paperwork and invoicing

Then when you ship/invoice the final product you would have

  • Reports by customer
  • By item
  • Sales
  • Cost of Sales
  • Profitability

The only item needed on the sales order or invoice is the finished item

+ any misc. items you may wish to include

I would recommend

As in any product you not allow the inventory to have quantities on hand

Go into a negative level.

I am here to help give us a call 800.475.1047

Sage 50 Bill of Material assembly sub-assembly work ticket build

Sage 50 training and Sage 100 training for Sage Software available from Accounting Business Solutions by JCS

778 West Algonquin Road

Arlington Heights – Chicago, Illinois

Specialist in Sage Software

Barcode Sage 50

Barcode Sage 50

EzScanIT Barcode for Sage 50 includes barcode labels. Easily print barcode labels for inventory items and more.

Barcode Sage 50 is the EzScanIt and has Shipping capabilities for Sage 50 Sales Orders, receiving for Sage 50 purchase orders, Along with physical inventory including variances and the ability to print Sage 50 inventory item labels and you can print Sage 50 inventory labels for one, multiple or all of your inventory items.

Search Faster, Better & Smarter using the add on for Sage 50 that includes a Barcode Scanner. Once you add your Sage 50 inventory items, customers and vendors you are ready to rock and roll. If you are a Sage 50 user this is a familiar process. As soon as you add sales orders and purchase orders they will transfer to the Motorola handheld device.

After a purchase is received the waiting on a bill purchase is sent to Sage 50 and after a sales order is shipped an UN-printed sales invoices is sent to Sage 50. These transactions will wait for you in Sage 50 until you are ready to convert them to a parables invoice or print your customer sales invoice.

The EzScanIt barcode label printing module can print most barcode label sizes. You can print multiple labels for a single item, print multiple item labels or you can print barcode labels for all your inventory items. Most of the time these can be customized to work with your existing labels using our specified Zebra printer.

We hope this helps you understand the Barcode EzScanIt Sage 50 label print program. For more information give us a call Accounting Business Solutions 800.475.1047 or visit We look forward to speaking with you soon.

View a brief demo using the add on for Sage 50


Sage Timeslips Support

Sage 50 Job Cost

Sage 50 Job Cost

Sage 50 Job costing is all about tracking and accumulating the costs of a job so you know if you are making money. Good examples of who can use jobs to track expenses are construction, make to order machines, contractors who build or manufacturing a small batch of repetitive products. These expenses can include material, labor, outside services as well as other types of costs that are needed to complete your job.

Using Job Costing software, the right way can also help you make sure the entire job is invoiced during and towards the end of a project. Staying on budget is always at the top of the list during the progression of a job. In addition, you can calculate how much profit you made on a job. Using Sage 50 for this is very simple to do

Job Costing can give you the information you need to manage your jobs as they are in progress so you do not get surprised when the job is completed. Set up jobs, budgets and labor overhead. Track subcontractor insurance expiration dates and retainage along with change orders. Sage 50 Job Cost is easy to set up and easy to maintain. You can even report on certified payroll with a 3rd party add on. This is the punch list of topics we can help you understand how to use. Sage 50 Job Cost Support Training

How to set up Sage 50 Job Cost Default Information

  • Job Costing Defaults
  • Track Retainage and Burden
  • Categorize Costs by Phase and Cost Codes

How to set up Sage 50 Jobs

This is the order in which you need to add your base job information – found under maintain Jobs.

  1. Cost Codes – lowest level and can be used to break down phase codes
  2. Phase Codes – middle level and can be used to break down jobs
  3. Job numbers – the id by which you will identify your jobs

Sage 50 Jobs can also include the following information:

  • Job Start Date
  • Job End Date
  • Job Location
  • How to add phase codes estimated revenue / expenses
  • How to add cost codes estimated revenue / expenses
  • Add/Modify/Delete/Inactivate Jobs
  • Subcontractors Insurance and expiration dates
  • Create Job Estimates or Budgets
  • Change Job Numbers
  • Recording Job Activity
  • Track Change Orders with revenue and costs
  • Issue Inventory to a Job
  • Payroll Labor Hours from Payroll or Time Tickets
  • Record Overhead
  • Issue Purchase Orders to a Job
  • Record Direct Expenses to a Job

How to Bill Sage 50 Job Cost

Put our 25 years of Sage 50 Job Costing experience to work for you. Give us a call 800.475.1047 or visit

Sage 50 job cost support training Sage 50 Job Costing

Sage 50 job cost support training Sage 50 Job Costing


#sage50jobcost, #sage50jobcosting, #sage50jobcostsupport, #sage50jobcosttraining, #sage50job, #sage50jobs, #sage50jobcostinfo

Timeslips Software Support

Features Sage 50 2019

Features Sage 50 2019

These new features included tighter Microsoft integration and we can’t wait to share them with you. We can help you understand how to use all the new and advanced features. These improved features help you run a more efficient back office accounting department, speed up invoicing, cash flow and much more. Built in accounting best practices, intuitive navigation and robust features make this a must have for small business. There are already tens of thousands of other small businesses leveraging this software.

Microsoft Outlook Connection

New features include the ability to automatically sync Microsoft Outlook contacts and Sage 50cloud contacts saving you time. Access customer balance information, credit limits, contact details, and order history even when you are away from the office.

Sage 50 Cloud Backup

Make Sage 50 Cloud backup a part of your Disaster Recovery plan. You get security and peace of mind with automated data back-ups stored offsite, in the cloud. Using Sage 50 Cloud backup you will never be stuck again without a recent backup.

Microsoft Office Business Premium

This new bundle gives you the award winning Sage 50Cloud software and Microsoft Office Suite. Stay current with your versions of Outlook, Word, Excel, PowerPoint and more. This added benefit helps you effortlessly manage your technology platforms.One convent payment covers your core business solutions, your accounting package and your office suite.

Microsoft Office Business Premium and Sage 50Cloud

Sage 50cloud leverages the power of Microsoft Office 365 freeing up key data. Access your information from anywhere anytime along with a range of integrated apps. It integrates with Office 365 Business Premium and the full Microsoft Small Business Productivity Suite, saving you time and costs and boosting productivity. Easily manage your customer information, create a quote and convert them to sales orders and invoices with a simple click.

Accounts Payable Expense management

Keep your expenses organized and up to date. Record your purchases and expenses so you never miss a payment. You stay in control of your cash 24/7.

Sage 50 Dashboards

At-a-glance dashboards instantly lets you view available cash, receivables, expenses, inventory on hand, and so much more. The Dashboard tab view is customizable.  You can access the business performance dashboard and the Trends Forecast dashboard from the desktop and is only available for Sage 50 Quantum Accounting . Instantly take the pulse of you business in one convent place.


Payroll must be accurate and on time, every time. Sage 50 payroll is affordable easy to setup and simple to use. Payroll can be added to the core Sage 50Cloud software for a twelve month period at any time. To make sure you stay compliant with your payroll taxes this service is renewed annually. It makes it easier to pay employees, track benefits, and Aatrix helps you easily report taxes.

Advanced Reporting

Standard reports include reports on sales, taxes, upcoming expenditures, commissions profits everything you and your accountant need to analyze business performance. You can take your reporting to the next level by adding the power of Sage Intelligence or Microsoft Power BI and instantly get advanced Sage 50 custom report on Microsoft Power BI. We can help you build out the Sage 50Cloud advanced reports you need to take an accurate pulse of your business. Information on Sage 50 Training Classes.


Sage 50Cloud 2019

Features Sage 50 2019

Sage Timeslips Training

Sage 50 2019

Sage 50 2019 – Is it time to make the decision to use the most versatile small business accounting software?

What are the System Requirements for Sage 50 2019

  • Processor operating frequency:
    • Pro and Premium Edition: 1.0 GHz or higher (2.0 GHz recommended)
    • Quantum and Accountant Edition: 2.0 GHz or higher (Multiple-core processor operating at 2.33 GHz recommended)
  • 4 GB RAM. Recommended 6 GB RAM
  • 4 GB hard disk space (additional 1 GB needed for installation)
  • Latest version of Internet Explorer
  • Microsoft® supported version of Windows 7, Windows 8.1 or Windows 10 (with the latest updates from Microsoft)
  • 256-colour or higher SVGA monitor, minimum resolution of 1024 x 768
  • CD-ROM drive
  • Forms that can be sent via email require MAPI-compliant email client, Internet connection, and email service
  • Sage 50cloud integration to Microsoft Office 365 requires Microsoft Office 365 Business Premium
  • Multiuser (Premium and higher) optimized for Windows 7, Windows 8.1 and Windows 10. Dedicated server recommended: Windows Server 2016, Windows Server 2012, Windows Server 2012 R2, Windows Server 2008 R2, Windows Small Business Server 2008 R2
  • Terminal Services: Windows Server 2016, Windows Server 2012, Windows Server 2012 R2, Windows Server 2008 R
  • High speed Internet connection (for subscribed Sage online services, for example, Sage Drive)

Integration with other software packages

  • Word and Excel integration requires 32-bit versions of Microsoft Word and Microsoft Excel 2010, 2013 or 2016

Conversion: Converts all data from previous versions of Sage 50 starting with Sage 50 Accounting Release 2014.0. And yes it is possible to convert to a lower-level version or edition. As a national leading provider of Sage 50 professional services we have performed hundreds of updates to the most recent version.

Sage 50 2019


Learn how to use the software quickly and efficiently Sage 50 Training Classes.


We can help convert your lists and balances to make the transition or upgrade easy for you.

Spend more time on your business, less time on your books give us a call or visit


#sage50, #sage502019, #sage50software, #sage50nearme, #sageupgrade, #sage50upgrade

Timeslips Training

Sage 50 Physical Inventory Count

Sage 50 Physical Inventory count

EZScanIt is the Sage 50 Barcode Add-ons for Sage 50 Quantum by Sage Software

Maximize your performance With EZScanIt Inventory Management Software. This software is designed, fully integrated and made just for Sage 50cloud. This application works with all your Sage 50Cloud information. It reads inventory items, sales orders, purchase orders and comes with the ability to print barcode labels. Using this software you can get work completed quickly and manage your Sage 50 inventory in a snap. Visit Sage 50 Support to view additional information on support and training and Sage 50 barcode scanning.

This is the only barcode scanning software on the market that uses your Sage 50 data. Yes, the same data you have already set up in your Sage 50cloud software package. This Sage 50 Barcode Inventory System is an affordable inventory management software. It will help you reduce costs. You can increase efficiencies, minimize your time and efforts using sage 50cloud physical inventory count

EzScanIt Demo

This video revels how to use EZScanIt Sage 50 Barcode add-on for Sage 50. You can ship, receive, print labels and perform physical Counts. Other names for this software include:

  • 2020 Sage 50 cloud
  • 2019 Sage 50C
  • Sage 50
  • Peachtree Accounting
  • Sage 50 Bar Code Scanner
  • Bar Code Scanning Software
  • Sage 50 Inventory Management

Sage 50 BarCode add ons for Sage 50. Ship, receive, print barcode labels and perform physical inventory counts for Sage 50 software using your data from your Sage 50 company data files. No need to set up a second software application and maintain two sets of data files.


Most businesses write the counts on paper and then calculate the differences. They they manually enter the adjustments. A barcode scanner allows you to more quickly take a physical inventory count, update the inventory adjustments into Sage 50 and print a physical inventory variance report. If you want to easily finish your work you can use these features to help you get it done.

Accounting Business Solutions by JCS provides support, training and consulting for Sage 50 all versions. Put our 30 years of experience to work for you and we can share with you best practices for using Sage 50 Accounting software. For more information visit or call 800.475.1047


Sage Timeslips Training

sage 50 barcode scanner, sage 50 barcode scanning, barcode scanning sotware, sage 50 add ons, sage 50 barcode, sage 50 inventory management

Sage 50 Barcode Add Ons

#sage50barcodescanner, #sage50barcodescanning, #barcodescanningsotware, #sage50addons, #sage50barcode, #sage50inventorymanagement

Sage 50Cloud PayPal Stripe

Sage 50Cloud PayPal and Stripe

Sage 50cloud now provides payment options using PayPal or Stripe

So why not get paid faster and improve your business cash flow and leverage this feature if you are using Sage 50cloud. You can sign up now to use PayPal or Stripe for your small business. Payments can be accepted online, on a mobile device, in an app or in person using this feature. Consider this new service because it is used inside Sage 50Cloud. This new integration makes getting money from your customer simpler and adds to the current payment options just making Sage 50Cloud a better small business solution.

Recording payments in Sage 50cloud

Apply a Customer Payment to an Invoice. From the Tasks menu, select Receive Money. Enter a deposit ticket ID that can easily represent the type and source of payment. Lookup, enter or select the customer ID. Enter a check/reference number that will help identify the receipt (for example, the customer’s check number). Or you can now select PayPal.

Manage all your payments in one place and eliminate the hassle of manual data entry. Activate built-in payments and:

  • Accept credit card payments on invoices directly in software
  • Automatically post to the General Ledger —no manual entry
  • Sync online or onsite payments directly to the General Ledger
  • Feel confident payments are secure

Customers can easily signup to start using PayPal or Stripe and accept payments using  a business account. This feature makes it one of the most flexible methods of digital payment. Set up your PayPal business account, activate this in Sage 50Cloud and you are ready to go. Sage 50cloud customers can start taking for payments for new or existing invoices right away.

This new integration between PayPal or Stripe and Sage 50cloud giving your businesses more choices for accepting payments from your customers. For businesses like yours this new feature can be setup within minutes, activated and in put into action.

Review the latest versions of Sage 50Training classes

Sage Timeslip Training

Sage 50Cloud

Sage 50Cloud

What is a Sage 50 Consultant – Certified Sage Consultant

What is a Sage 50 Consultant?

Sage 50, Sage 100 ERP, Sage CRM, Sage Fixed Assets, Sage Intacct.

Sage 50 Consultant helping small to medium sized companies that need to automate processes to be competitive. Michael Guta of reports that 94% of businesses struggle to use software efficiently or at all. Workers are skilled in inventory control, manufacturing and dispatching functions. But they need training on work flows, best practices and processes improvement using appropriate software to support business operations.

Accounting Business Solutions certified Sage Consultant offering a variety of Sage Software Accounting Solutions which will support startup companies to mature multi location distributors, manufacturing and field service operations. An initial complimentary discovery call is performed with each client to determine software options that will bring value to the business. We assist our clients in deploying comprehensive tools and workflow automation improving efficiencies, reduce costs and increasing accuracy.

Certified Sage Software Consultant

Since 1989

By transferring our knowledge and skills to customers, we empower them to successfully drive their desired outcomes. “Your Success Is Our Goal” is the company motto.

Mission Statement:

Helping small businesses succeed by learning to successfully use business and accounting software. We have helped thousands of small businesses select and implement software to support their accounting and business operations.

Sage 50 consultant – free demo to review the options

Sage 50 Accounting (formerly Peachtree Accounting) makes your business life easier. You get more time to run your business when you spend less time crunching numbers and have more time to think, plan, and create.

With over 35 years supporting small businesses just like yours we support your business like no one else can:

  • Speed up your cash flow and reduce your costs.
  • Make your business’ financial records accurate, reliable, and easy to understand.
  • Minimize the amount of time spent on accounting, so you can focus on growing your business.
  • File your business taxes with confidence.
  • Manage your inventory
  • Track your job costs

Try it risk-free for 60 days trial period!

Which Sage 50 Accounting solution is right for your business?

Help keep your financial affairs in order and access a diverse line of accounting options for your small business as it changes and grows. Focus on your business while Sage 50 Accounting easily takes care of managing your cash flow, invoicing, and taxes.

See a free trial to determine which Sage 50 solution has the accounting and business management features that are right for your business.

Sage 50 Pro Accounting

Sage 50 Pro Accounting (formerly Sage Peachtree Pro Accounting) has the tools you need

Sage 50, Sage 50 Accounting, Sage 50 Pro, Sage 50 Premium, Sage 50 Quantum, Sage Software, Certified Sage Consultant

to organize your finances and accomplish tasks quickly, so you can feel confident and move

your business forward.

  • Organize your finances.
  • Pay bills and get paid.
  • Control cash flow and costs.

Free Sage 50 Pro Accounting demo call today 800.475.1047

Sage 50 Premium Accounting

Sage 50 Premium Accounting (formerly Sage Peachtree Premium Accounting) lets you expertly manage your expanding business with quick access to important information, customizable tools, and secure and reliable software that you control locally.Sage 50 Premium Accounting, Sage 50, Sage 50C, Sage 50 Cloud, Sage 50 Consultant, Sage 50 Support, Sage 50 Training, Sage Software

  • Manage inventory, employees, and customers.
  • Gain insight by comparing multiple budgets across four years.
  • Accurately track warranty claims, recalls, and more with serialized inventory.
  • Track profitability with job change orders.
  • Get module level security and multi-user options.

Free Sage 50 Premium Accounting trial call today 800.475.1047

Sage 50 Quantum Accounting

If you are looking for business management software, Sage 50 Quantum AccountingSage 50 Quantum Accounting, Sage 50 Quantum, Sage 50, Sage 50cloud Quantum Accounting, Sage 50Cloud Quantum, Sage 50Cloud, Sage 50C Quantum Accounting, Sage 50C Quantum, Sage 50C, Sage 50 Cloud Quantum Accounting, Sage 50 Cloud Quantum, Sage 50 Cloud, Sage 50 Consultant

offers the perfect combination of affordability and functionality.

  • Reduce your total cost of ownership without sacrificing functionality.
  • Don’t pay for functionality you don’t need or use.
  • Get industry-specific functionality for construction, distribution, and manufacturing.

Free Sage 50 Quantum Accounting demo call today 800.475.1047

Sage 100 ERP

What is Sage 100 Enterprise resource planning (ERP)? It is an end to end business process management software. Sage 100 allows an organization to use a system of integrated modules to manage the business and automate many back-office functions related to technology, services and human resources.

  • Core AccountingSage 100, Sage 100C, Sage 100 Cloud, Sage 100Cloud, Sage100 ERP, Sage 100C ERP, Sage 100 Cloud ERP, Sage 100Cloud ERP, Sage 100 Accounitng, Sage 100 Software, Sage 100 Consultan, Sage 100 Reseller, Sage 100 Support, Sage 100 Training, Sage Software, Certified Sage Consultant, Sage Software Consultant, Sage Certified Consultant
  • Manufacturing
  • Field Service
  • Barcode Scanners
  • EDI
  • Sales Tax Automation
  • Shopping Cart Integration

For your free Sage 100 ERP trial demo call today 800.475.1047

Sage Intacct

Discover Sage Intacct

The leading provider of Cloud Financial ApplicationsSage Intacct, Sage Software, Sage Intacct Demo, Sage Intacct consultant, Sage Intacct Sales, Sage Intacct Training, Certified Sage Consultant, Sage Certified Consultant, Sage Software Consultant

How does Sage Intacct help transform organizations?

By providing true cloud based software

  • Core Financials
  • Advanced Technology
  • Flexible
  • Scalable
  • Accessible

World Wide Web connectivity with access to up-to-date dashboards and advanced reporting.

Give us a call to learn why industry leaders chose Sage Intacct—rated #1 in customer satisfaction by G2.

Sage Timeslips Support and Training information can be found here.

Request your small business month end close checklist Here.