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Accounting updates

2019

24 JAN

Sage Business Cloud Accounting Release 4.1.6

Item Bundles

Bundled Items are associated with particular items that are regularly duplicated on a Customer Invoice. It allows you to group multiple items into a single code. When you invoice, you enter the Item Bundle Code and the system adds all items linked to that bundle onto the invoice.

Sales Orders

The Sales Order is an order issued by a business to a customer. A Sales Order is raised when an initial quote is approved, and the transaction is underway. The document specifies the details about products and/or services ordered by a specific customer along with the price, quantity and terms and conditions. Businesses use this as a confirmation document that is sent to the customer before delivery of goods or services and in some instances to reserve the specified stock.

Download release notes

2018

22 NOV

Sage Business Cloud Accounting Release 4.1.5

Improved Journal Processing

User access can be limited to Add, Import, Review or Edit/Delete Journal Entries. The user can save & print Journal Entries without updating the transactions yet. The user can set a Default account to be used for each new Journal Entry transaction.

Mobile Sign-In page changes

Updated the Mobile app sign-in & landing pages from desktop to mobile friendly user interface.

User feedback screen changes

Altered feedback channels to include Customer Experience representative and channel feedback more effectively.

Find out more about version 4.1.5

3 JUL

GDPR

To ensure we assist our clients to manage sensitive or relevant data sufficiently we have created Personal Information Protection in Sage Accounting.

Retention Period needs to be set per Company. Customer and Supplier data can be removed based on this setting or extended period per Customer/Supplier.

Improved Tax Adjustments

A new screen allowing bulk entry of Tax Adjustments as well as review of previously processed Tax Adjustments.

Contact Us Changes

Made UI changes to Contact Us page to help users contacting correct channel for Support, Account Queries and Suggestions.

Other Enhancements

Banking:
Fixed issue where you were unable to allocate a payment against an additional cost invoice.

Account Transaction Report:
The Forex Gains/Losses - Banks appears incorrectly as a credit on this report.

Default Tax Type:
Incorrectly saved default tax type on Customers/Suppliers/Accounts when “None” selected.

Receipts and Payments:
Bank Account wasn’t disabled when editing Receipt or Payment.

Company Email Address:
Fixed error when company email address had trailing space.

Customer Statement API:
Added PDF Export for Customer Statements through the API

4 APR

Sage One is now Sage Business Cloud Accounting!

Why did we rename Sage One?

Sage Business Cloud offers everything for managing accounting, payroll, and your people. You no longer have to worry about finding the right product - just pick the capabilities you require and meet your business needs today and tomorrow.

As part of the Sage Business Cloud, our flexible cloud accounting solution is for startups and small businesses looking to manage their finances and control cash flow.

Simpler BAS

From 1 July 2017, Simpler BAS is the default reporting method for all small businesses with a GST turnover of less than $10 million.

Small businesses only need to report:

  • G1 – Total Sales
  • 1A – GST on sales
  • 1B – GST on purchases

To check what this means to your business and the eligibility of Simpler BAS, please look at information on the ATO website.

We have implemented this reporting method in Sage Business Cloud Accounting. Click here for detailed instructions.

With Braintree, you can:

  • automate recurring subscription payments
  • save debit or credit card details for future payments
  • view subscription payment histories

You will receive a payment reminder 3 days before the renewal date. Direct debit will occur on the renewal date. Once the payment is successfully processed, the subscriber will receive a confirmation email with the invoice attached. If for any reason the payment is rejected, a notification will also be sent to the subscriber to inform the rejected payment.

The recurring payment will be automatically adjusted in accordance with any changes made to your subscription.

User Task Management (BETA)!
User task management (BETA) is a cloud collateral tool that helps you to set separation of duty and to track the progress of work that you’ve assigned to different users. This is available under Company menu > User Task Management.

As the administrator, you can create and assign tasks to the users who have access to your Sage Accounting company file. Communicating with users and collaborate using the online chat window.