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Reporting
Financial and accounting professionals usually make periodic statements that reveal the financial situation of their businesses. However, the process of creating various types of reports is usually lengthy, particularly for those who don't make use of Sage 50 U.S. Peachtree on the cloud. Versions of this software permit users to create different types of reports in just a short amount of time.
Let's take review the different kinds of reports companies can produce using cloud-hosted Sage 50.
- Balance sheet comparison
- Profit and loss comparative (P&L) statement
- Statement of cash flow
- A/R is aging
- A/P age
- Monthly income and loss
- Profit or loss for the customer
- Profit and loss by class
- Location-based income and loss
- Profit or loss based on the project
- Unbilled charges
- Time not billed
- List of transactions by the customer
- Expenses by Vendor
- General ledger
- Trial balance
Payroll
Sage 50 cloud can assist companies in streamlining payroll processes for employees who use direct payment, pay card, or direct deposits of checks. It also allows:
- Maintain records of employee information which include the paychecks they manage in addition to the taxes they pay their employees.
- Quickly set up Sage Payroll and run with this payroll setup wizard
- Track the hours utilized to take sick or vacation time and track employees' tips.
- Payrolls are created using entries made during the pay period of an employee. This is helpful for businesses that have employees who have to fill out time cards with the number of hours they worked during assignments.
Final Words
Accounting for business is complicated and time-consuming, particularly in the absence of necessary tools. However, Sage 200 cloud aids in managing the entire business and assist with managing all accounting requirements for the company in one place. Beginning with receivables and accounts payable, through invoices and cash flow management, Sage 50 Cloud will take into consideration. It also offers the ability to manage payroll and project accounting to aid businesses in streamlining their processes. If you're looking for an efficient and easy way to manage your business's financials, consider Sage 50 Cloud!