This November Sage released their 5th update to the Sage 100 platform, highlighting new features like automated bank reconciliations, job cost enhancements, and more. Here's how these new elements can help you further streamline your processes and save your employees valuable time.
Automated Bank Reconciliation
With the latest update to Sage 100, your bank reconciliation process can be automated and simplified with Sage Bank Feeds. For many companies, reconciling bank statements is a manual process can be time-consuming, frustrating, and subject to mistakes. The new feature allows users to connect directly to their bank feeds, automate transaction matching, and easily spot flagged disparities as they happen.
The automated bank reconciliation feature is included for all Sage 100cloud customers who will receive the new functionality automatically with the latest product update.
Job Cost Enhancements
Certified payroll reports are mandatory for all government-funded projects and must be prepared and delivered on a weekly basis to ensure compliance with set wage requirements. The latest Job Cost module update makes it easier to flag information for inclusion as part of Certified Payroll Reports.
In addition if you’re running the Sage 100cloud Payroll Module, you can now automatically generate Certified Payroll Reports that can be e-filed directly from within Sage 100cloud thanks to cloud-connected integration with Aatrix (filing fees apply).
Another enhancement to the Sage 100 Job Cost module is a Job Contractor Maintenance feature which allows you to maintain records for each of the contractors you work with.
Sage 100 Payroll Updates
New enhancements made in Sage 100 Payroll include:
- Check and Direct Deposit Stub Sort Options – A sort by field has been added to the printing window to allow sorting by Employee Number, Employee Name, and Employee Department.
- Salary Equalization Utility - used to adjust employees’ pay amounts in Time Track Entry records.
- Payroll Conversion Wizard - better mapping/conversion of local tax codes when importing data.