Sage 200 Financials

Sage 200 Financials is included as part of the Sage 200 Platform, the basis of the Sage 200 Suite. It offers the core accounting ledgers, giving you great financial control combined with unrivalled usability and customisation capability.

sage 200 Financials

Busy accounts departments need powerful, reliable tools for the day-to-day management of the business. Managing your business finances is no longer simply about book-keeping; it’s about working in a proactive way that drives your business forwards. Your accounts team now requires a much wider view of the business, including customer information, order history, visibility of project costs, company assets and payroll information – all areas in which Sage 200 Financials excel.

It is straightforward to implement and easy to learn
The ideal 'out of the box' software for companies with complex business processes
An ideal upgrade path for many Sage 50 users who are experiencing rapid growth
Utilises a SQL relational database for scalability (typically up to 50 + users)
Robustness and ease of integration with other applications
Powerful tools to enable third party developers to customise and integrate with your software

Sage 200 supports your accounts department in the following ways:

With Sage 200 Financials...

You put flexible tools at the heart of your business, equipping your accounts department to take full control of costs and processes.
Your teams have instant access to up-to-the-minute financial data, enabling them to efficiently track, analyse key information, improve productivity and make informed strategic decisions.
Tight integration with Sage Payment Solutions enables credit control, and customer service staff, to quickly and easily accept credit card payments from customers

With Sage 200 Commercials...

Credit limits can be checked at the sales order stage, minimising debt.
Purchase order value and order quantity can be automatically checked against purchase invoices – ensuring accuracy and correct payment.
The generate order routine allows for accurate stock ordering based on exact stock levels - reducing stock piling and improving cash flow.
Price Book functionality allows you to make the checks on profit margins which are key to reducing costs and increasing profit.
With Sage 200 Project Accounting...
Integration with Sage 200 Financials and Commercials enables your accounts department to easily view information generated against projects.
Specifically, integration with Sage 200 Financials lets you analyse information generated from your Nominal, Sales and Purchase Ledgers, so you can efficiently analyse sales and purchase transactions against projects.

With Sage 200 CRM...

Integration with your accounting system will allow your accounts staff to access the critical customer information, behaviour and buying history usually held within the sales department, enabling them to resolve issues and queries promptly.
Sales orders can be processed quickly and efficiently, using a single point of reference.
Debtor days can be reduced, as both your credit control team and your sales team have the financial information which enables them to chase outstanding debt.

Main Features and Benefits of Sage 200 Financials

Speed batch entry
Gives you the ability to enter large volumes of transactions and choose when to commit them to the ledgers.
Additionally, colour-coded alerts let you know if there’s a potential problem without stopping your workflow.

Foreign currency capability
You can trade with customers and suppliers outside of the UK and in any mixture of currencies. For example, you can produce foreign currency invoices, statements, receipts and payments and you can maintain currency-specific product pricing and discounts.
You can specify spot and/or period rates of exchange for each currency and all changes are recorded along with who made them.
All transactions are recorded in base currency with the exchange rate used, so you can closely track the effects of currency fluctuations over time.

Nominal cost centre and departmental analysis
You can attribute costs, analyse budgets and produce management reports, e.g. Balance Sheet and Profit and Loss, by department and cost centre.
You can also attribute individual transactions by your own analysis codes, for example, to track projects across departments and cost centres.

Group budgets
Makes it easy for you to manage your subsidiary companies. Sage 200 Financials includes multi-company consolidated financial reporting and group budgeting capabilities.

Open or Closed Period Accounting
You can open, close and re-open periods as required, ledger by ledger; up to 20 periods can be set for each financial year. Access is tightly controlled by individual user permissions and there's a full history of who changed what and when.

Trading Periods
These can be set up to match the accounting periods if required, or have their own date range structure.
These date ranges can be set to suit your business, for example, you could measure sales performance on a weekly basis at busy times of the year and monthly at other times.

Comprehensive customer records
Store all the details on your customers for easy retrieval, with instant links to their sales orders.

Credit Management
A range of credit tools are supplied including debtors' letters, statement production, provisions for doubtful and bad debts and the ability to place customer accounts on hold.
Detailed credit information can be held against each customer/supplier record.

Automated payments
Sage 200 will suggest which payments to make to your suppliers in order to benefit from early settlement discounts