sage 50 bank reconciliation

How do I perform a bank reconciliation in Sage 50?

A bank reconciliation is used to ensure that the transactions you have entered into your Sage 50 software match up with the transactions on your bank statement. Prior to performing a bank reconciliation in Sage 50make sure that all of your sales invoices, checks, supplier invoices, recurring charges, and receipts have been posted for the time period you are trying to reconcile. Checking this prior to actually performing the bank reconciliation in Sage 50 will save you the headache of trying to find any variance you may encounter when the reconciliation is completed.

  1. From the Sage 50 Bank Accounts module, select which account you want to reconcile by clicking on the “Reconcile” icon. You will then see the Statement Summary window, where you will need to enter the following:
    • A title for the bank reconciliation
    • The bank statement balance you are reconciling to
    • The date of the statement
  2. After clicking “OK”, the bank reconciliation screen will open and you’ll be able to use your bank statements to tick off all the transactions that are currently showing in Sage 50 against the bank statements themselves. If any items have not been selected, such as direct debits or  receipts, add them by using the adjustment button and selecting the appropriate type of payment or receipt.
  3. When you are able to match all of the items in Sage 50 with an entry on your bank statement, double check that the “Difference” box in the bottom right hand corner is zero. If the variance is anything other than zero, the first thing you should check is that you have entered the correct bank statement amount.  If those numbers are correct, you’ll have to compare the bank statement to the items you have checked off on the Sage 50 reconciliation screen.
    • Common errors include double entry of a particular transaction, accidentally selecting a transaction which is out of that particular date range, or even a transposed amount somewhere within your Sage 50 transactions.
    • One way you can quickly find errors is to compare the bank statement to the Sage 50 reconciliation screen from the most recent transaction to the oldest transaction (so backwards).
  4. If you are confident that your figures are correct and the “Difference” box in the bottom right hand side of your screen is zero, press “Reconcile.”
    • Sage 50 automatically saves a copy of your bank reconciliation in the archives if you need to revisit it at a later date.

 

For more Sage 50 training or to learn more about performing a bank reconciliation in Sage 50 accounting software, visit Accounting Business Solutions by JCS or call us today at 800-475-1047!

How to Run an Audit Trail Report in Sage 50

To run an Audit Trail Report follow the below steps:

Select Reports & Forms

Audit 1

Select Company, then select Reports

Audit 2

Select Audit Trail Report

When the report opens it defaults to today

Click Options (Gear icon) to select your specific date range

Audit 3

For more information on Sage 50 and other reporting options give one of our professional consultants a call 800.475.1047 www.jcscomputer.com

With over 25 years of accounting and business knowledge as well as proficient technical background you get the training and support your business needs and deserves working with a proficient expert consultant.   You can work with the same consultant to help you master your Sage Software and for those occasional questions you need help with so you can understand best practices and how to manage your company information and books.

Put our 25 years of experience to work for you!

“Your Success is Our Goal”

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Sage 50 System Requirements 2018

Sage 50 System Requirements – 2018

Support – Training – Consultant – Reseller

Find the system requirements for Sage 50 2018. For further information or questions regarding your Sage 50 or system requirements please contact one of our certified experts 800.475.1047 solutions@jcscomputer.com.

Minimum System Requirements

  • – Internet access for all online features/services
  • – 2.0 GHz processor for single user and multiple users
  • – 2 GB of RAM for single user and multiple users
  • – At least high-color (16 but) SVGA video; Minimum resolution: 120×800, Preferred Resolution: 1440×900 or higher; small fonts/DPI settings required.
  • – 1 GB of disk space for installation
  • – Internet Explorer 9.0, 10.0, ad 11.0 supported (version 11.0 and higher with Sage Payroll Solutions, Sage Payment Solutions and other Connected Services integration)
  • – Windows® 7, Windows 8, or Windows 10 with the latest updates from Microsoft installed
  • – Windows® .NET Framework 4.5.2; requires an additional 280 MB to 850 MB (.NET 4.6 with Sage Payments Solutions integration)

Integration/compatibility requirements

  • Adobe® Reader® 11.0 required
  • Office 365 Integration – Requires Office 365 Business Premium
  • Printers supported by Windows 7, Windows 8 or Windows 10
  • In-product demos require Adobe® Flash® Player 11 or greater (version 18 or higher strongly recommended)
  • Excel®, Outlook®, and Word® integration requires Microsoft Excel, Outlook, and Word 2007, 2010, 2013, or 2016 (32-bit)

Multiuser

  • 2 GB of disk space for installation of components on server
  • Multiuser environments are supported in Sage 50 Premium Accounting and higher
  • Multiuser mode is optimized for Windows Server 2009, Windows Server 2012 or Windows Server 2016 client-server networks; Windows 7, Windows 8, or Windows 10 peer-to-peer networks
  • A maximum of 5 licensed named users is allowed for Sage 50 Premium Accounting and 40 named users for Sage 50 Quantum Accounting; a named user account is granted a license when selected in the user maintenance screen

Terminal Services

  • Terminal Server requires additional memory when more than one user is running under Windows Terminal Services
  • Windows Server 2008, Windows Server 2012 or Windows Server 2016 along with Remote Desktop Connection or Remote Desktop Web Connection client is required to run in a Windows Terminal Services environment; no more than 5 named users for Sage 50 Premium Accounting or 40 named users for Sage 50 Quantum Accounting

Other

  • Customer registration and acceptance of License Agreement for Sage Accounting software products

Recommended System Configuration

  • 2 GB of RAM for a single user and 4 GB for multiple users
  • 4 GHz processor (Intel Core i3 and higher) for single user and multiple users

For more information on Sage 50 give one of our professional consultants a call 800.475.1047 www.jcscomputer.com

With over 25 years of accounting and business knowledge as well as proficient technical background you get the training and support your business needs and deserves working with a proficient expert consultant.   You can work with the same consultant to help you master your Sage Software and for those occasional questions you need help with so you can understand best practices and how to manage your company information and books.

Put our 25 years of experience to work for you!

“Your Success is Our Goal”

www.jcscomputer.com          800.475.1047          solutions@jcscomputer.com

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Sage 50, Sage 50c, Sage 50 Support, Sage 50c Support, Sage 50 Consultant, Sage 50c Consultant, Sage 50 Reseller, Sage 50c Reseller, Sage 50 Training, Sage 50c Training, Sage 50 System Requirements, Requirements for Sage 50, Sage 50 upgrade, Sage 50C upgrade

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Sage 50 2018 – Aatrix Tax Forms – Required MS Updates

Updates in Microsoft may be required to run PR Tax Forms. For more information on what you made need contact one of our Certified Experts.

Sage50.2018.Aatrix PR Tax Form MS Updates

With over 25 years of accounting and business knowledge as well as proficient technical background you get the training and support your business needs and deserves working with a proficient expert consultant.   You can work with the same consultant to help you master your Sage Software and for those occasional questions you need help with so you can understand best practices and how to manage your company information and books.

Put our 25 years of experience to work for you!

“Your Success is Our Goal”

www.jcscomputer.com          800.475.1047          solutions@jcscomputer.com

Like us on Facebook  and follow us on Twitter

JCS announces Nomination 2nd Year in a Row! – 800.475.1047 – Training – Support – Consultant – Reseller

JCS announces Nomination 2nd Year in a Row! – 800.475.1047 – Training – Support – Consultant – Reseller

We are excited to announce Accounting Business Solutions by JCS has been nominated again this year for 2018 Enterprising Women of the Year Award.

Last year, we announced receiving 2017 Enterprising Women of the Year Champion Award.

“Our success is dependent on great relationships. Our customers and our staff are the 2 best assets we have as a business. Hence, our motto ~ Your Success is our Goal” says Jennifer O’Brien, Lead Project Manager.

This year we are once again nominated for receiving this prestigious recognitions among women business owners across the country. We couldn’t be more humbled about this nomination.

Accounting Business Solutions by JCS provides customer service and support using Sage 50 Accounting, QuickBooks and Sage 100 as the base accounting systems. These systems can accommodate all size businesses effectively by offering valuable solutions for automation and detailed intelligence reporting thus creating streamlined efficiencies for businesses.  Reports are at your fingertips to manage finances, inventory, sales, purchasing, employees, payroll, and CRM databases.

With over 25 years of accounting and business knowledge as well as proficient technical background you get the training and support your business needs and deserves working with a proficient expert consultant.   You can work with the same consultant to help you master your Sage Software and for those occasional questions you need help with so you can understand best practices and how to manage your company information and books.

Put our 25 years of experience to work for you!

“Your Success is Our Goal”

www.jcscomputer.com          800.475.1047          solutions@jcscomputer.com

Like us on Facebook  and follow us on Twitter

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New in Sage 50 and Sage 50c – U.S. 2018.1 – 800.475.1047 – Support – Training – Consultant – Reseller

New in Sage 50 and Sage 50c – U.S. 2018.1 – 800.475.1047 – Support – Training – Consultant – Reseller

The new features provide flexibility to keep your office connected to the cloud! Features include:

  • New Cloud & Mobile Navigation Center
  • New Sage Bank Feeds Auto-Reconciliation Features
  • Improvements to Sage Contact
  • New Sage Dashboard Office 365 app

Cloud and Mobile Navigation Center

The Cloud and Mobile Navigation Center connects services via the cloud and allows for remote company data sharing. Accessible from the file menu, Office 365, Sage Drive and Sage One are all integrated. Beginning with the release of Sage 50c, the Cloud and Mobile navigation center are included. Your data is securely shared through the cloud without compromising data security. There are many features included with this new navigation center.

Sage Bank Feeds – Auto-Reconciliation Feature

Sage now offers the ability to link your bank account to sync bank and credit card transactions in order to streamline the process of reconciling these accounts. This feature helps eliminate errors with manual data entry while promoting accuracy to match transactions processed by your bank or credit card. The setup is easy through the account reconciliation window. Capture up to 2 years of historical bank records. Once the bank feeds are downloaded, Sage 50c will automatically match the transactions previously recorded to clear.

Sage Contact Improvements

Again, this feature is integrated with Microsoft Office 365 to allow you to view the detailed information about Sage 50c customer and vendor contacts in the Office 365 Mail app and desktop version of Outlook. There is a comms tab that provides the view of previous communication with vendors/customers to easily review history of communications and there is a notes tab to track communications and share notes with other users.

Sage Dashboard – Office 365 App

This is a new application offered in Sage 50/50c that integrates with Microsoft 365 that will allow you to view Revenue-Expense information, Aged Payables and Aged Receivables directly in Office 365. As long as you have access to the web, you will be able to view these features through a series of interactive charts and graphs. This feature provides you the ability to view critical data anywhere, anytime. The app will sync automatically. Examples of these features include Overdue Sales by Period shown on a bar graph for the last 12 months with the ability to drill down on a particular month. An Accounts Aging Pie chart is also available displaying the largest and oldest accounts as the larger pieces of the pie and the smaller piece listed as other with the remaining past due customer accounts. The pie chart can also be drilled down on by selecting a customer. On the Payables tab, the bar graph will display Overdue Purchases by Period and the Pie chart displays Accounts Over 90 days past due. The final tab is Revenue and Expenses displayed for the past 12 months in bar graphs.

For more information on Sage 50 and Sage 50c, give one of our professional consultants a call 800.475.1047 www.jcscomputer.com

With over 25 years of accounting and business knowledge as well as proficient technical background you get the training and support your business needs and deserves working with a proficient expert consultant.   You can work with the same consultant to help you master your Sage Software and for those occasional questions you need help with so you can understand best practices and how to manage your company information and books.

Put our 25 years of experience to work for you!

“Your Success is Our Goal”

www.jcscomputer.com          800.475.1047          solutions@jcscomputer.com

Like us on Facebook  and follow us on Twitter

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Accounting Business Solutions by JCS Nominated for 2017 Entrepreneurial Excellence Awards – 800.475.1047 – Support – Training – Consultant – Reseller

Accounting Business Solutions by JCS Nominated for 2017 Entrepreneurial Excellence Awards 

FOR IMMEDIATE RELEASE
Lauren LaMantia
800.475.1047

Arlington Heights, IL September 2017– Accounting Business Solutions by JCS the nation’s leading premier provider of technical support and training for Sage Software, Intuit QuickBooks, MiSys, JobOps, Point of Sale, Timeslips, Advanced Reporting and Barcoding announced their nomination for 2017 Entrepreneurial Excellence Awards presented by Business Ledger. The Entrepreneurial Excellence Award recognizes and builds entrepreneurship in suburban Cook County, DuPage County, Kane County, Lake County, McHenry County and Will County Illinois.

“Accounting Business Solutions by JCS always strives to provide highest quality training and support to its customers”, said Jennifer O’Brien, President, Accounting Business Solutions by JCS “Our commitment to growth for our clients is what really sets us apart”.

About Accounting Business Solutions by JCS

Accounting Business Solutions by JCS provides software technical support and training for Sage Software products including Sage 50 (formerly Peachtree), Sage 100 (formerly MAS 90/200), Sage 100 Advanced, ACT!, Timeslips, and Intuit QuickBooks. In addition, JCS specializes in integration between accounting applications and 3rd party add-ons including e-commerce shopping carts, point of sale and barcode systems and customer relationship management applications. Accounting Business Solutions by JCS provides installation, training – online, your site or our training center, technical support, online, on-site or by phone.

With over 25 years of accounting and business knowledge as well as proficient technical background you get the training and support your business needs and deserves working with a proficient expert consultant.   You can work with the same consultant to help you master your Sage Software and for those occasional questions you need help with so you can understand best practices and how to manage your company information and books.

Put our 25 years of experience to work for you!

“Your Success is Our Goal”

www.jcscomputer.com          800.475.1047          solutions@jcscomputer.com

Like us on Facebook  and follow us on Twitter

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Sage Fixed Assets Premier – WINFAS Admin Changes – 800.475.1047 – Support – Consultant – Training – Reseller

Sage Fixed Assets Premier – WINFAS Admin Changes – 800.475.1047 – Support – Consultant – Training – Reselle

Sage Fixed Assets 2018.0 includes a security update to the Premier product line as well as a new Android mobile scanner app.

For partners that currently access Sage Fixed Assets Premier’s data using WINFAS administrator password should contact Sage Fixed Assets Support for information regarding the new change. This change only affects the Premier product and does not affect Guest Read-Only access (WINFASGUEST). There will be no impact to existing reporting capabilities. Partners that are currently accessing Sage Fixed Assets Premier’s database using the WINFAS administrator password should notice the security update. It is recommended partners contact Sage Fixed Assets support for more information or contact JCS at 800.475.1047.

All Sage Fixed Assets Premier customers benefit from the enhanced database security except customers and anyone accessing the asset database using the read-only access (WINFASGUEST).

For more information on Sage Fixed Assets Premier give one of our professional consultants a call 800.475.1047 www.jcscomputer.com

With over 25 years of accounting and business knowledge as well as proficient technical background you get the training and support your business needs and deserves working with a proficient expert consultant.   You can work with the same consultant to help you master your Sage Software and for those occasional questions you need help with so you can understand best practices and how to manage your company information and books.

Put our 25 years of experience to work for you!

“Your Success is Our Goal”

www.jcscomputer.com          800.475.1047          solutions@jcscomputer.com

Like us on Facebook  and follow us on Twitter

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Sage 50 Sage 100 QuickBooks – Accounting Business Solutions by JCS Expands adding a new office in Charleston, South Carolina 800.475.1047 – Support – Training – Consultant – Reseller

Sage 50, QuickBooks Sage 100 Expands to Charleston, South Carolina

FOR IMMEDIATE RELEASE
Lauren LaMantia
800.475.1047

Charleston, South Carolina  – Accounting Business Solutions by JCS the nation’s leading premier provider of technical support and training for Sage Software, Intuit QuickBooks, MiSys, JobOps, Point of Sale, Timeslips, Advanced Reporting and Bar coding announced the addition of a new office in Charleston, South Carolina. A drastic increase in demand for the company’s training and services to the small-medium business market necessitated the addition of the new office.

“Accounting Business Solutions by JCS always strives to provide highest quality training and support to its customers”, said Jennifer O’Brien, President, Accounting Business Solutions by JCS “Our new Facility in Charleston, South Carolina will provide expanded consulting services to our South Carolina based clients”.

About Accounting Business Solutions by JCS

Accounting Business Solutions by JCS provides software technical support and training for Sage Software products including Sage 50 (formerly Peachtree), Sage 100 (formerly MAS 90/200), Sage 100 Advanced, ACT!, Timeslips, and Intuit QuickBooks. In addition, JCS specializes in integration between accounting applications and 3rd party add-ons including e-commerce shopping carts, point of sale and barcode systems and customer relationship management applications. Accounting Business Solutions by JCS provides installation, training – online, your site or our training center, technical support, online, on-site or by phone.

QuickBooks Sage 50 and Sage 100 Charleston. With over 25 years of accounting and business knowledge as well as proficient technical background you get the training and support your business needs and deserves working with a proficient expert consultant.   You can work with the same consultant to help you master your Sage Software and for those occasional questions you need help with so you can understand best practices and how to manage your company information and books.

Put our 25 years of experience to work for you!

“Your Success is Our Goal”

www.jcscomputer.com          800.475.1047          solutions@jcscomputer.com

Like us on Facebook  and follow us on Twitter

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming

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