---
title: Should I Upgrade to Sage 500 Version 7.4?
description: Should I Upgrade to Sage 500 Version 7.4?
---

[RKL eSolutions | Technology Insights, Tips and Trends ](https://www.rklesolutions.com/blog)

# [Should I Upgrade to Sage 500 Version 7.4?](https://www.rklesolutions.com/blog/should-i-upgrade-to-sage-500-version-7-4-top-reasons-your-accounting-department-says-yes)

 Written by [Gia Lane](https://www.rklesolutions.com/blog/author/gia-lane) | Jun 18, 2012 7:10:38 PM

## Top Reasons Your Accounting Department Says Yes

We know that upgrading your ERP system can be time consuming and disruptive.  So customers sometimes skip over new releases and product updates - particularly if you're only running the core general ledger and accounting modules.  But if you've been holding off on an upgrade to [Sage 500 ERP](https://www.rklesolutions.com/sage500.html) Version 7.4, here are some of the top reasons that your accounting department is saying "we need those new features!"

### **Ability to Create & Track Negative Invoices**

Customers don't always submit payments that tie neatly to existing invoices. So how do you apply and track those payments in a way that makes sense to you and to them?

In version 7.4, your accounting department can now apply overpayments to an existing invoice and track the balance (as a "negative invoice") using the original invoice number - whether applying Cash, a Customer Payment, a Credit Memo or another overpaid invoice's negative balance. The overpaid amount appears with the original invoice number in all the expected places like Print/Re-print invoices, Customer Statements, Aged Receivables, AR Trial Balance, and more.

### **New Process for Issuing Refund Checks**

Version 7.4 simplifies the process of issuing a customer refund check - which previously was inefficient and required multiple steps in multiple modules.  **Process Cash Receipts** has been enhanced to allow the creation of a customer return from start to finish (including printing the check), all from one task. Refund checks use the customer information without the need to create a vendor or a voucher – saving steps and increasing productivity.

### **Business Insights Improvements**

Arguably one of the most valuable tools in **Sage 500 ERP**, Business Insights is now even better in Version 7.4 with added performance improvements, new right-click filtering capabilities, and new data export options that provide you with a choice of exporting all of your data or just the current view.  All told, these new reporting enhancements provide more meaningful insight into accounts payable, accounts receivable, and financial reporting.

## **Need to Upgrade Your Sage 500 System?**

[Contact Us](https://www.rklesolutions.com/contact-us/) and we'd be happy to provide any assistance you need.

[View full post](https://www.rklesolutions.com/blog/should-i-upgrade-to-sage-500-version-7-4-top-reasons-your-accounting-department-says-yes)

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