Category Archives: simply accounting

My Tips & Tricks when using the Multiple Warehouse tracking tool in Sage 50 Canadian Edition.

bookkeeping, Sage, Sage 50 - Canadian Edition, Sage Simply Accounting, simply accounting, small business, small business accounting, small business bc, West Vancouver Chamber

Sage 50 Canadian Edition allows small businesses to keep track of inventory stored at more than one location, for example at home in the basement or at different store locations.

Some business will have regional warehouses to cut back on shipping and or importing exporting cost. It can be very helpful to know what inventory is where to expedite deliveries, shipping and re-ordering of goods.

Drop shipments become manageable by creating a supplier as one of your warehouse locations which then allows you to ship direct from factory to customer.  Transferring between locations can also be done using the Inventory Adjustments & Transfers window. This fantastic feature is in the Premium and Quantum versions of the software.

Be careful with this powerful feature, once a location gets used in a transaction, it cannot be removed or made inactive. Locations cannot be turned off. If you want to edit location codes, be sure to do so before performing any transactions. You can set up as many as 100 locations.

To turn on: Go to the Inventory & Services Settings – Locations
The Product Analysis report is found off the reports menu on the home screen. Go down to Forecast & Analysis and then Analysis and click on Product Analysis. Depending on your selections in this window you will be able to return valuable detailed information on your inventory by warehouse location.

Dianne Mueller

Certified Sage 50 Trainer

Soma Small Business Solutions

The Keys to Unlocking your Business Profits & Growth in Sage 50–Canadian Edition

bookkeeping, Sage, Sage 50 - Canadian Edition, Sage Simply Accounting, Sage Summit, simply accounting, small business, small business accounting, small business bc, , , , , , , ,

You know it is important to lower taxes and increase profits. You also know that it is imperative that you have enough money in the bank to pay the bills, but do you know how to access vital information and the Key Performance Indexes to measure your business progress in Sage 50–Canadian Edition?

Let’s start with the Income Statement and Balance Sheet found in the report center on the home page.

The Income Statement indicates:

  • Which expenses are paying you back and should be increased.
  • Which expenses should be cut back or eliminated.
  • Which products are profitable and which are not.

The Balance Sheet indicates:

  • What your business owns – Assets
  • What you business owes – Liabilities (or financial obligation)
  • Shareholder or Owners Equity – ROI (return on investment)

They also provide Key Comparisons information like:

  • Last month vs. current month.
  • Last quarter vs. current quarter.
  • Year to date. Year to date by month.
  • Current month to same month last year.
  • Current quarter to same quarter last year.

Combining these two statement numbers will indicate important ratios you can use to manage your success.

Increase your profits by utilizing the Business Performance Monitoring feature:

The key financial ratios of liquidity, efficiency, operating, financing and profitability are all at your finger tips in Sage 50–Canadian Edition. The software provides a detailed performance measurement explanation and graph to help you analyze the information in an easy to understand format.

You will find this Key Business Performance information in the Daily Business Manager under the Business Assistant Menu on the home page. Click on the radio button indicating Business Performance. To get a complete list of all ratios available go to the view menu and chose options. You are able to add any that do not appear on the main page to your customizable list. (See screen shots below)

It is important to know your strengths and weaknesses, manage spending and credit. Have money when you need it. These are all important ratios that Sage 50 helps you to reach and manage greater success.

Dianne Mueller CPB

Certified Sage Trainer

Soma Small Business Solutions

#Sage50Canada Launch Party Oct 11th #WestVancouver #NorthVancouver

bookkeeping, Sage, Sage 50 - Canadian Edition, Sage Simply Accounting, simply accounting, small business, small business accounting, West Vancouver Chamber, , , , , , , , , ,

Soma Small Business Solutions would love to invite you to come find out whats new with Sage 50 Canadian Edition (formerly Sage Simply Accounting). Soma wants to assist you with this transition to the new name Sage 50 and get you informed and up to date with the new features and how they benefit your business. We will have ongoing demonstrations throughout the evening. Soma has Sage Certified Consultants and a Sage Trainer on Staff to help you!

We are very privileged to be able to host this “Sage 50 whats new in 2013” launch party at the North Shore Business Showcase put on by the West Vancouver Chamber. This event will Feature guest speakers on a variety of Business Topics. Call 604-926-6614 or visit above link for Chamber event Details.

Soma will have door prizes, refreshments and a demonstration of Whats New in Sage 50 2013 at our booth.

Looking forward to seeing our existing clients, and meeting everyone.

Park Royal North Mall 4:00pm-8:00pm Booth # TBA

Please Register to attend by following this link below

http://www.meetup.com/Sage50CA/Vancouvers-North-Shore-Sage-50-Accounting-Simply-Accounting/796952/

SIM101H3 – Sage Simply Accounting – Operating your Business
Hands-on Lab Series’

Inventory, Projects, Time and Billing, Budgets, Departmental Accounting and more Join us for this one day hands-on course and gain a solid understanding of what you need to utilize the operational functionality of Sage Simply Accounting.  The course will focus on Inventory, Project Management, Time and Billing, Budgeting, Departmental Accounting and related Financial Statements as well as Forms Customization.  We will also review the operational flow of all these different parts and explain how it all rolls up to your Financial Statements.
ANYTIME LEARNING INCLUDED: All Hands-on Training courses include access to the Sage Simply Accounting Orientation which provides you access to a number of FREE recommended prerequisite Anytime Learning sessions designed to provide you with the knowledge needed to get the most out of your training experience.View Sage Simply Accounting Orientation Content
AUDIENCE:   Great hands-on course for people new to Sage Simply Accounting or just looking to use more of its functionality.
Select Course Details for more information

REGISTER

List Price: $309.00
Early Bird Price: $289.00

Instructor: Dianne Mueller June 20, 2012 08:30 AM – 05:00 PM Pacific Time (US & Canada)  Lab – Vancouver, BC  Directions  Course Details
Early Bird Price – Expires May 30, 2012: $289.00 (CAD

Sage Simply Accounting – Setup, Sales, Receivables and Financials

bookkeeping, Sage, Sage 50 - Canadian Edition, Sage Simply Accounting, Sage Summit, simply accounting, small business, small business accounting, small business bc
SIM101H1 – Sage Simply Accounting – Setup, Sales, Receivables and Financials
Hands-on Lab Series’

Join us for this one day hands-on course and gain a solid understanding of what you need to get started with Sage Simply Accounting. The course will focus on company setup, chart of accounts, and related financial statements as well as the setup of customers and processing their corresponding sales transactions.ANYTIME LEARNING INCLUDED: All Hands-on Training courses include access to the Sage Simply Accounting – Orientation which provides you access to a number of FREE recommended prerequisite Anytime Learning sessions designed to provide you with the knowledge needed to get the most out of your training experience. View Sage Simply Accounting Orientation ContentAUDIENCE:Great hands-on course for people new to Sage Simply Accounting or just looking to use more of its functionality.

REGISTER

List Price: $309.00
Early Bird Price: $289.00
Instructor: Dianne Mueller June 18, 2012 08:30 AM – 05:00 PM Pacific Time (US & Canada) Lab – Vancouver, BC  Directions  Course Details
Early Bird Price – Expires May 28, 2012: $289.00 (CAD)

Sage SimplyAccounting – Training -Accounts Payable and Banking

bookkeeping, Sage, Sage 50 - Canadian Edition, Sage Simply Accounting, Sage Summit, simply accounting, small business, small business accounting, small business bc
SIM101H2 – Sage Simply Accounting – Accounts Payable & Banking
Hands-on Lab Series’

Join us for this one day hands-on course and gain a solid understanding of what you need to manage your money with Sage Simply Accounting.  The course will focus on entering and paying your bills, credit card setup and use, and related banking transactions and reconciliation.  We will tie these transactions back to the impact on Financial Statements.
ANYTIME LEARNING INCLUDED: All Hands-on Training courses include access to the Sage Simply Accounting Orientation which provides you access to a number of FREE recommended prerequisite Anytime Learning sessions designed to provide you with the knowledge needed to get the most out of your training experience.  View Sage Simply Accounting Orientation Content
AUDIENCE:   Great hands-on course for people new to Sage Simply Accounting or just looking to use more of its functionality.
Select Course Details for more information REGISTER

List Price: $309.00
Early Bird Price: $289.00

 
Instructor: Dianne Mueller June 19, 2012 08:30 AM – 05:00 PM Pacific Time (US & Canada)  Lab – Vancouver, BC  Directions  Course Details
Early Bird Price – Expires May 29, 2012: $289.00 (CAD)

Friends with Benefits

bookkeeping, Sage, Sage 50 - Canadian Edition, Sage Simply Accounting, Sage Summit, simply accounting, small business, small business accounting, small business bc

In layman’s terms, Sage City is like a hybrid of education, social media and networking all in one event. Don’t get left in the dust or you may end up like this guy –

can I be your friend?

There are great business relationship benefits that you get from networking events where you meet other people who share similar common interests, goals and expertise as you. To access these benefits you have to get out from behind that desk of yours and go to places like Sage Summit “A place where networking actually works”, also known as Sage City where you can take your Big Idea to a Small Village. I quite enjoy attending round table product sessions and discussing the product I’m using or interested in with like-minded users. From what I gather, I will get my fix by attending a village at Sage City.

At Sage City on Tuesday August 14th at 3:30pm, we will all explore numerous villages based on the top business interests of Sage Summit attendees (Customers, Partners and Staff). Villages provide the primary means for Sage to organize attendees into groups with common goals, backgrounds, challenges, and perspectives. Sage City aims to place similar customers by product, interest, and hot topics in small groups to create meaningful, long-lasting connections. (sounds a bit like marriage, no? Well maybe not the small groups part!)

Hot topics will be determined through several means, including surveys prior to and during registration, social media tools, Facewall, and more. The number of hot topics will vary from village to village and will be displayed on their chat walls. What are chat walls you ask? Well, there will be white-board style signs that will be displayed at each village. This is where the collaboration will happen, you can give solutions and get answers all in one place, a village working together.

Speaking of villages, remember where’s waldo? That’s what I will be asking when I am trying to find YOU (yeah you!) at this conference if you are not on Facewall. You will definitely know where to find me. Maybe I’ll be a village Host, maybe not. I guess you will have to wait to find out won’t you? Hopefully by the time I finish writing this blog someone will have won the 100th facewall sign up and receive a gift certificate to the Grand Ole Opry! It’s super easy, all you do is set up your profile during the registration process!

Bianca Lightheart

Soma Small Business Solutions

www.simplysoma.com

@Simply_Soma

@blighthearted

Graduation

bookkeeping, Sage, Sage Simply Accounting, simply accounting, small business, small business accounting, small business bc, Uncategorized

To all my fellow Graduates who attended Prom (AKA Simply Partnership 2011) it’s time to put all the glitz and glam of Vegas behind us and our yearbooks away. What happens in Vegas stays in Vegas right? Well, maybe for the engineers who crashed our party, or the pink flamingo girls. Put your caps back on because it isn’t over yet. Sage has plans, big plans. Big plans that involve Country Music, a 5K walk/run, hands on learning, World Class Speakers and Sage City to name a few.

Time to pack your bags again but this time for the big leagues, Sage Summit! What is this you might ask? Well it’s the best conference on the planet. So I hear. But I’m not one for learning through the grapevine. I’m honing my inner cowgirl and I’m saddling up for Nashville in fact, I’ve already registered and booked my flight. There is no easy way to get there from Canada, I’ll tell you that much.

Now you may think I’m a little eager, excited, spontaneous, but no. I’m thinking ahead, I got the early bird discount and went on a payment plan so that I can make the best out of my First Sage Summit.

So what does Sage have in store for us now? If you are a Sage partner and a first-timer to Summit, look no further.

Choosing a hotel can be a tad challenging which is why I really enjoyed reading Brad Hartz‘s blog on The Biosphere. If I’m going to experience this first hand then I’ll definitely have to stay at the Gaylord Opryland Resort, besides that is where my roommate wants to stay as well.

Let’s get down to business, so what Sessions do I register for? Conveniently for me, there are two partner tracks– the first is for Product Skills which includes hands on learning sessions for Sage products as well as other solutions that integrate with Sage Applications and second, Business Skills track with workshops to expand your skills in your area of expertise both of which will be extremely valuable in my business.

And what better to do after class then meet up with cowboys fellow partners, first-timers, Alumni, and Sage employees? I hear that there will be a mobile App coming out this month so we can all stay in touch while conference”ing”. Oh and who needs facebook when you have facewall. Come check everyone out.

 

 

Some Fantastic NEW Features in Sage Simply Accounting 2012

bookkeeping, Payroll Advances, Sage, Sage Simply Accounting, simply accounting, small business bc

Hide Accounts with zero balances on Financial Statements

As a Sage Simply Accounting Consultant I have been frustrated many times with having to go into each account and individually click on “omit from financial statement if the balance is zero”. A time- consuming task that has been eliminated with the release of 2012 by one click in the financial statement reporting windows.

Print Cheque Log from Previous Year

Having a list of cheques that were processed at the end of your fiscal year can be very helpful in reconciling in your new fiscal year. Before the release of 2012 you were not able to review or print a cheque log for the previous fiscal year. Troubleshooting just got a lot easier.

Calculate Withholding on Payroll Advances
The new Sage Simply Accounting 2012 release calculates the appropriate withholding amounts automatically when you issue an advance to an employee. This was done to be compliant with Canada Revenue Agency requirements to withhold statutory deductions from Advances.

Dianne Mueller
Certified Professional Bookkeeper
Certified Sage Simply Accounting Consultant
Certified Sage Trainer