Latest improvements to Sage Accounting – Sage Advice Germany

As a small business owner, improving your financial processes is never truly complete. You need to constantly look for new ways to make everyday tasks easier, quicker, and easier.

To help you do this, we regularly release exten­sions to Sage Accounting based on feedback from our customers.

We ask them what they care about, which parts of the software bring the most added value to their company and what they want for the future.

This ensures that the updates we make always improve your experience and help you run your business better.

Check out the list below for the latest improve­ments to Sage Accounting.

List of Sage Accounting extensions

Here are the latest improve­ments we’ve made to our Sage Accounting plans:

Fast approval of offers and estimates

Plan: Standard, Plus

Quotes and estimates can now be easily approved or rejected with a single click. Users can also add a reason for rejec­tions, giving you the level of detail and context you need to take action — be it adjusting the item or issuing an invoice.

Automated payments via GoCardless

Plan: Standard, Plus

Our integration with GoCardless means you can now add automated payments to your recurring invoices. In other words, customers can sync their existing GoCardless account and pay you their debts via direct debit.

You can also prescribe this payment method and even automat­i­cally compare it with the invoices when payment is made.

This removes friction from the payment process, meaning you spend less time tracking payments, experience fewer defaults, offer your customers a cheaper payment method and improve their experience.

New budget features

Plan: Plus

Sage Accounting Plus users now have some additional budgeting features to keep their finances on track. This includes easily creating, editing and managing budgets as well as gener­ating reports to track business perfor­mance.

Whether you’re creating a budget based on last year’s data or creating one based on your plan for the future, these new features will help you control costs, set goals, manage cash flow, and allocate your resources.

Sales invoice improvements

Plan: Start, Standard, Plus

You can now easily view the history of all sales invoices — including details, current status and all previous activity. This helps decide when and how to go after late payers.

We’ve also added notifi­ca­tions to keep you informed of any activity related to your sales invoices in real time. This also applies if there is a delivery error and if a Stripe payment is made.

Customer billing improvements

Plan: Standard, Plus

You can now stay on top of customer billing by including yourself in all commu­ni­ca­tions — including automated monthly bills. This means you always know the current delivery status of each customer.

Adjust inventory with import

Plan: Standard, Plus

Thanks to a new file import type, you can now update inventory and prices in bulk.

This means you no longer have to spend hours manually performing individual updates.

Mobile purchase capture

Plan: Standard, Plus

To make it easier to manage your expenses, we’ve updated our mobile app so you can now capture receipts and purchase invoices on the go.

This automat­i­cally retrieves key details and stores them on the platform, allowing you to better keep track of cash flow and reduce errors.

Management of recurring invoice batches

Plan: Start, Standard, Plus

You can now manage recurring invoices more efficiently by activating, deacti­vating and canceling them in batches.

This means you no longer have to manually update every single recurring invoice when you need to make changes.

Sort, search and filter recurring invoices

Plan: Start, Standard, Plus

There are also a number of new features that make managing recurring invoices easier.

From filtering by status to sorting, showing and hiding columns, you can have more granular control over the infor­mation displayed and customize your workflow to suit your needs.

Create refunds from bank feeds

Plan: Start, Standard, Plus

A new update allows you to easily assign the correct trans­action type for customer and supplier refunds.

You can now also record partial refunds without having to manually delete and redo trans­ac­tions.

Move and reorder lines in sales invoices

Plan: Start, Standard, Plus

You can now quickly and easily change invoices that have already been created.

So if you want to add another element, rearrange or copy lines, or format the document, you can always jump back into the editor.

Export contacts and products to an importable format

Plan: Everyone

When you export contact and product data, it is now in a format that can be reimported later.

This means you don’t have to manually change records, saving a lot of time, especially if you need to restart or move a client subscription.

Update contact and product records with import

Plan: Everyone

You no longer need to manually update contact and product records individ­ually. We’ve added a new option that allows you to perform a bulk update using a file import.

During this import, you can update or skip any existing records, making it easier than ever to replace data such as stock prices and quantities and contact prefer­ences.

Intelligent reporting from general ledger balances to detailed nominal activity

Plan: Start, Standard, Plus

To help you gain insights from and better under­stand your financial data, we’ve added the ability to drill down into deeper details directly from summa­rized financial reports.

You can quickly drill down, identify discrep­ancies, track numbers, and find ways to work more efficiently.

Trial balance report

Plan: Individual, individual free

Trial balance reports have now been added to our Individual and Individual Free plans. This is an important report that helps you identify errors, verify the accuracy of financial records, and prepare other financial reports.

You can download your trial balance reports using the mobile app and even customize them using the web app.

Process transactions in bulk

Plan: Individual, individual free

By checking your records for accuracy, you can now process trans­ac­tions in bulk (up to 20 at a time). You can change the data, categories and descrip­tions as well as book and delete trans­ac­tions.

By elimi­nating the need to complete one trans­action at a time, this feature speeds up your annual enrollment processes.

Export unreconciled transactions to bank feeds

Plan: Standard, Plus

When you or your accountant work with bank feeds, you may sometimes miss important context about individual trans­ac­tions, such as: B. Refer­ences or unexpected amounts.

Gathering the infor­mation you need to correct this issue can be time-consuming — especially if you have a high volume of trans­ac­tions.

That’s why we’ve now added the ability to export a report of all unmatched trans­ac­tions found in your bank feeds, so you can easily request the infor­mation you need, such as ledger accounts, trans­action descrip­tions or invoices.

Edit the contact applied to payments and receipts

Plan: Start, Standard, Plus

Previ­ously, if you acciden­tally applied the wrong supplier to a trans­action, you had to unasso­ciate, delete, recreate, and reassign.

This was quite time consuming, so we’ve now made it so that you can easily edit any contact associated with a payment or receipt.

This will help you quickly correct any errors and give you more confi­dence in the accuracy of your bank feeds.

Editor’s Note: This article was first published in November 2023 and has been updated for relevance.