Sage 50 Accounting

Introducing the 2020 line of Sage 50 (Peachtree) Accounting software! Sage 50 Accounting software for business includes four products: Sage 50 Pro Accounting, Sage 50 Premium Accounting, Sage 50 Quantum Accounting, and Sage 50c (a subscription service with cloud access).

Click on each Sage 50 box below for more information

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Essentials Accounting: Organize your finances Pay bills and get paid Manage cash flow and costs *Starting at $403.00		Advanced Accounting: Plan and track inventory Manage jobs and expenses Add more users and controls *Starting at $623.00		In-Depth Accounting: Enterprise level accounting Fast processing, up to 40 users! Industry specific features *Starting at $1053.00

*Sage 50c prices

Sage 50 U.S. Version 2020.2 Update release is due to be available for customers on March 18, 2020.

2020.2 – Usability Improvements Highlights include:

Expanded Invoice Number field on Payments and Receipts (Receive Money) windows, consistent with the previous expansion of the Invoice Number field on Invoicing windows.

Drag and Drop Files as Attachments: Drag and drop files from Windows Explorer into the Attachments window, without having to browse to each file.

• Attachments column added in Lists view: If a Maintenance record contains an attachment, a checkmark will appear for the record in Lists. Applies to Purchase Orders, Sales Invoicing, Customers, Payments and Purchase Invoices.

“Human Resources Forms” menu now accessible in the Payroll tab Navigation Aids area.

Enable default Cash account selection in Receipts: When the GL Account is changed in Receipts, many users forget to change the GL Account back to the one most used, resulting in hours of correcting transactions. Now, this Setting is located in Maintain Customer Defaults and can be enabled, so transactions made subsequent to changing from the default Cash account will be switched to the account defined in the defaults.

Limitations Drag and drop files into the Attachments window does not function when Sage 50 US is started under Run as Administrator mode.

Sage 50 2020.1 Release 

Limitations Drag and drop files into the Attachments window does not function when Sage 50 US is started under Run as Administrator mode

The 2020.1 Sage 50 release includes – Payroll Updates for Compliance with the Revised

Employee W-4Withholding Forms

Issue: The U.S. Internal Revenue Service (IRS) released a new W-4 tax form that eliminates the concept of Allowances for employees, as a result of legislation passed by
Congress with the passage of the Tax Cuts & Jobs Act of 2017. Therefore, the process for computing Federal Income Tax when payroll is run for employees has been altered
significantly with the additional information given by employees on the revised W-4 Form.

Solution: Several new payroll fields on the “Withholding Info” tab of Employee Maintenance records was added and changes to the Payroll Tax Calculator were
made to remain compliant with Federal Personal Income Tax Computations for calendar years 2020-2025.

The 2020.1 Sage 50 release includes – 1099 Tax Forms Integration with Aatrix

In 2015, Sage added the option of doing 1099s using a “Mapping Wizard” that was supposed to allow you export your 1099 data to Excel, and then follow a 21 step process (that didn’t really work) to import the data in Aatrix so that 1099 forms could be printed on blank forms and/or filed electronically.

Sage 50 US 2020.1 will directly integrate 1099 data with the Aatrix Tax Forms engine, eliminating the need to manually manipulate and map data. This will make it much easier to eFile 1099s. That’s very good news for anyone in a state that requires all 1099 issuers to eFile

Issue: Sage 50 US has always supported the printing of 1099-MISC/1099-INT and 1096 tax forms to pre-printed forms. In 2015, Aatrix provided a Mapping Wizard that permitted users to export the 1099 Vendor Report and transform the data in Microsoft Excel, which enabled the eFiling of such tax forms for the first time, however, 21 additional steps were required in order to do so, when compared with the similar process for filing W-2s. ?

Solution: Sage 50 US 2020.1 now directly integrates 1099 information with the Aatrix Tax Forms engine, and simplifying the process by eliminating the need to manually map the information to the required fields, facilitating more adoption of eFile options and reducing the level of users that balked at the process once seeing how many steps were previously involved.• 2020.1 – Human Resource Forms and Compliance Engine with Aatrix

The 2020.1 Sage 50 release includes – Human Resource Forms and Compliance Engine with Aatrix

The Aatrix Human Resource Forms and Compliance Engine offers a comprehensive set of forms for employee and payroll management.
You’ll be able to access the new forms by going to the Reports & Forms menu Forms > Human Resource Forms.

Issue: Desktop Payroll users typically hunt for necessary Human Resources forms for properly documenting employee activity, and traditionally, Sage 50 never offered these forms, including entries on the revised W-4 Form used to compute proper Federal Income Tax Withholding.

Solution: Sage 50 US 2020.1 with the addition of the Aatrix Human Resource Forms and Compliance Engine offers a comprehensive set of forms for employee and payroll management. To access the Aatrix Human Resource Forms in 2020.1, the Sage user can go to Reports & Forms>Forms>Human Resource Forms as shown below. Note: In later Releases of the product, additional entry points to be added in later Releases of the product, namely on the Navigation Aids/Dashboard, from the “Employees & Payroll” pane and under “Forms”.

To access the Aatrix Human Resource Forms in 2020.1, the Sage user can go to Reports & Forms>Forms>Human Resource Forms as shown below.
Note: In later Releases of the product, additional entry points to be added in later releases of the product, namely on the Navigation Aids/Dashboard,from the “Employees & Payroll” pane and under “Forms”.

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