General Ledger Consolidation
For all organisations with more than one legal entity,
consolidation provides a fast and easy period end process by
automatically mapping subsidiary Chart of Account structures to the
holding company structure, which could well be different.
It will also automatically translate from the subsidiaries local
currencies to the holding company structure if different.
Translation differences created in the process are automatically
handled.
For those organisations with very complex legal entity
structures, multiple levels of consolidation can be configured.
Absorption Costing
The Absorption Costing module has been designed to allow
organisations to maintain both budgetary and actual period-based
statistics, which can then be used as part of an absorption costing
process.
Users are able to create an unlimited number of statistical sets
such as headcount or floor space, which can be configured to
cross-reference each other and create service-level recharges
across internal departments.
The statistical data can be used within the account balance
cascade and journal process, as the basis of reallocating costs on
a pro-rata basis, fixed-charge basis or even a user-defined rule
set.
Inter Entity Accounting
General Ledger journal processing enables entry of Inter-Unit
accounting information i.e. target and source entities and General
Ledger account code mapping rules.
Inter-Unit Audit files are used to generate ASCII format files,
which are in turn used to transport Inter-Unit journals from one
Inter-Unit company to another.
Credit Management
Sage Line 500 Credit Management provides a centralised credit
control function with an integrated transaction enquiry and call
logging process.
Full diary management is supported with automated target call
lists by credit controller. Call logging supports entry of
free-format text, cheque promise dates, ad-hoc generation of
statements and reminder letters, along with simple cash flow
forecasting.
Fixed Assets
Sage Line 500 Fixed Assets provides you with control over your
assets and their depreciation. It can be used individually or as
part of the procurement process with full integration to the
General Ledger.
You can record comprehensive information for each asset, any
associated attachments to assist the management and tracking of
these assets.
The system has flexible depreciation methods to meet the
requirements of both the commercial and public sectors.
Job Costing
Sage Line 500 Job Costing provides you with an up-to-date picture
of the expenditure and revenue associated with specific
projects.
When using Job Costing in conjunction with the ledgers, it is
possible to record purchases, revenues, time-sheets and payroll
items for each job.
You are also able to analyse the expenses and revenues posted
from Accounts Receivable, Accounts Payable and Inventory
Control.
Payroll
The Sage Line 500 Payroll module is fast, accurate and relieves you
of the intricate and time-consuming task of calculating and
checking each employee's pay. Built-in security ensures that
confidential information is protected from unauthorised users.
The payroll system supports key features such as multiple
payrolls within a single company, the flexibility in building up
each employee's pay whilst providing full compliance with all
statutory requirements.
One of the key benefits is that because it is fully integrated
you can obtain comprehensive analysis of all payroll costs,
throughout the solution.
Electronic Payments (BACS)
The BACS module integrates your system automatically with the
external banking community. This saves time for both you and your
payees.
This module is fully integrated with the financial ledgers and
supports multiple payment media. Full security is maintained
including the support of passwords by BACSAFE or those issued by
your bank.
International Payments
International Payments extends the BACS functionality to support
flexible definition of output formats for multinational
requirements, including the facility to split a single payment run
into multiple output formats. For example, a customer in the
Netherlands might want to pay suppliers in Belgium and France in a
single remittance advice run.
Report Writer
Report Writer is designed to supplement the standard reports that
are available. The data can be extracted from any aspect of the
system and incorporated into a report.
The layout of these reports can be tailored to meet your exact
requirements with the reported output either printed or saved to a
file.
Report Writer Language
Report Writer Language is the ideal accompaniment to Report Writer
and allows the more advanced user to design complex reports using
an easy-to-learn structured query language.
You can extend the functionality of report definitions that have
been created using the Report Writer and take advantage of the
query you have created by simultaneously creating two or more
reports from the same set of data; for example, a detailed report
and a summary report.
Auditing & Security
This simple but powerful tool allows for specific events to be
audited by recording related information whenever they occur.
Generally, these events are database updates, additions, or
deletions from a particular table. User-based security allows
individual organisations to define the level of security they
require over their database.
Data Import
This is a comprehensive, flexible tool that allows you to import
data into Sage Line 500 from other software products, such as
spreadsheets and databases.
You can decide exactly how and when you want to import data thus
ensuring that all of your data systems are fully integrated and
that Sage Line 500 can accurately reflect external sources of
information with minimal manual intervention.