Sage MAS 500 Core and Advanced Financials
MAS 500 Core & Advanced Financials
Sage MAS 500 Financials offers deep functionality and superior usability for all your core accounting and enterprise requirements. Advanced reporting and analysis capabilities, including the ability to track key performance indicators, publish reports to the Web, and drill into data, empower your managers to make proactive decisions with real-time insight.
Click on the modules below for more information:
Modules
- General Ledger
- Cash Management
- Accounts Receivable
- Fixed Assets Accounting
- Accounts Payable
- Fixed Assets Inventory
- Active Planner
- Multicurrency Management
- Allocations
- Sales Tax
General Ledger
The General Ledger module combines power and flexibility with ease of use, to give you the critical information you need to make timely and informed business decisions and manage your business more effectively.
Key Functionality:
- Enter and revise an unlimited number of budgets
- Automatically create allocation journal entries for a complete audit trail
- Drill down to any account balance, detailed journal, or original source document based on criteria you define
- Assign additional financial or non-financial attributes to accounts
For more information, download the General Ledger PDF.
Cash Management
Cash Management enables you to quickly and easily handle and track a wide range of bank transactions—including deposits, withdrawals, adjustments, interest earnings and charges, bank fees, and transfers between bank accounts—with pinpoint accuracy. A key component of Sage MAS 500, the Cash Management module improves efficiency by using the power of automation to streamline transaction processing and reconciliations.
Key functionality:
- Maintain an unlimited number of banks, bank accounts, and user-defined transaction types.
- Import electronic bank files of cleared transactions from your bank account for automatic reconciliation and mark them accordingly
- Define an unlimited number of user-defined transaction types with a default offset account for quick processing of bank transactions
- Process all transactions in batches, whether a batch contains a single transaction or hundreds of transactions
-
Update bank balances by entering a variety of bank transactions such as deposits, withdrawals, adjustments, interest earnings and charges, and bank fees
For more information, download the Cash Management PDF.
Accounts Receivable
The Sage MAS 500 ERP Accounts Receivable module helps you improve cash flow while enhancing customer service through more effective management of your entire collections process.
Key functionality:
- Create and maintain extensive customer contact information, including name, title, phone number, fax number, and e-mail address
- Analyze customer purchase activity, including invoice amount, date, customer classification, customer bill-to or ship-to address, salesperson, and more
- Base commission calculations on sales, gross profit, and actual or standard cost
- Tailor forms to your organization’s design requirements
- Automatically apply payment amount to invoices and memos
For more information, download the Accounts Receivable PDF.
Fixed Assets Accounting
The FAS Asset Accounting family provides easy-to-use fixed asset accounting, depreciation and reporting features for companies needing effective decision-making tools to ensure compliance with Sarbanes-Oxley requirements. FAS Asset Accounting enables you to manage the entire fixed asset lifecycles of all of your assets from acquisition to transfers and disposals, and maintain reliable, relevant, useful data.
Key Functionality:
- Use the import/export wizard to import your existing data into the FAS Asset Accounting database and integrate with your General Ledger solution
- Record all data for each asset, including notes with a time and date stamp, photos and other documents
- Customize your Sage FAS solution to work the way you want to With the wealth of features offered including customizable data fields
- Ensure your security by creating security profiles that can be defined differently for each individual user
For more information, download the Fixed Assets Accounting PDF.
Accounts Payable
The Accounts Payable module for Sage MAS 500 ERP helps you save time, reduce administrative costs, and gain better control over your business processes by automating a wide range of vendor-related tasks.
Key functionality:
- Issue payments in any currency
- Extensive drill-down and drill-around capabilities to view all vendor activities, such as vouchers, debit and credit memos, and payments
- Customize batch, journal, and transaction IDs for vouchers, memos, and payments
- Create an easy-to-follow audit trail while preventing duplicate invoice entries and payments
- Export any report data to an external file. Data types supported include ASCII text, delimited, Excel, Lotus 1-2-3, XML, PDF, HTML, RTF, or Microsoft Word
For more information, download the Accounts Payable PDF.
Fixed Assets Inventory
This solution allows you to thoroughly track your fixed asset inventory, eliminating lost or stolen assets and reducing insurance and tax overpayments. The flexibility of FAS Asset Inventory allows it to support both “Baseline” inventories for creating an initial list of assets, and “Dynamic” inventories for verification of existing assets.
Key Functionality:
- Store photos, documents, and information for each asset including class, acquisition date, GL asset account, and location to eliminate duplication in asset tracking and facilitate clean audits
- Efficiently create and track multiple physical inventories of assets and enjoy complete control over your entire asset inventory at every step
- Use FAS’s wizard feature to walk you through every step of reconciling your inventory
For more information, download the Fixed Assets Inventory PDF.
Active Planner
Whether you need to allocate a revenue target or cost projection from the top down, or consolidate several different budget plans from the bottom up, Sage Active Planner accommodates your organizational structure and provides a purpose-built solution.
Key Functionality:
- Build multi-dimensional cubes and launch the Analyzer Tool directly from Active Planner to view data in several dimensions (such as by territory, product, and customer), change an assumption or driver, and return it to the plan
- Incorporate data from enterprise- wide systems to create multidimensional plans
- Reorganize budget structures, including changing planning assumptions and variable drivers to support “what-if” analysis
- Automatically update users on activity in the planning process using e-mail notification
For more information, download the Active Planner PDF.
Multicurrency Management
The Sage MAS 500 ERP Multicurrency Management module allows you to optimize your international opportunities by providing a streamlined, flexible way to manage multiple currencies, exchange schedules, and currency fluctuations.
Key Functionality:
- Handle cash receipts, invoices, and credit memos in different currencies
- Revalue the natural currency of transactions or accounts to reflect their current value, and automatically post the unrealized gains or losses
- Set up specific security groups, thus limiting access to a defined group of users
- Create an unlimited number of exchange rate schedules to use during transaction entry, and share rates among many customers or vendors
For more information, download the Multicurrency Management PDF.
Allocations
Sage MAS 500 Allocations allows you to use the power of automation to structure virtually any allocation, distribute allocations in a variety of ways, redistribute individual transactions, and create accrual transactions.
Key functionality:
- Create allocations and accrual transactions—such as overhead allocations, interest accruals, or bonus accruals—using a flexible and powerful formula engine
- Utilize data for calculations from virtually any company-wide data source, including Access, Dbase, Excel, FoxPro, SQL Server, and any ODB or OLE-DB compliant database
- Combine data from multiple data sources in a single calculation
- Prevent re-generation of allocations already processed or posted
- Control the processing sequence of multiple allocation transactions
For more information, download the Allocations PDF.
Sales Tax
Constantly changing tax laws intensify the complexity of calculating, collecting, and remitting sales and use taxes to more than 8,000 taxing jurisdictions across North America. Automate calculation, reporting, and returns to reduce audit risks, and time–consuming tax schedule research.
Key Functionality:
- Decrease data entry time and reduce shipping rates with the best source of address data in the country
- Automatically calculate taxability based on point of origin, point of acceptance, exceptions, exemptions and more
- Access all data securely online with ease, and get best practices in sales and use tax compliance
- Consolidate data on multiple companies, export in standard data format, and reduce audit risk
Contact ASI to discuss your Sales Tax needs.
