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News related to Sage 100 and Sage 100cloud accounting solutions.
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Sage 100 Weekly News Curated by Wayne Schulz - 09/10/2020
Welcome to this week's Sage 100 email newsletter.

Many of you have written to ask me when the next release of Sage 100 is scheduled.

Expect Sage 100 2020 Product Update ( PU )  1 on or about September 17. You can also expect Sage 100 2019 PU4, Payroll 2.20.3, and Sage 100 2018 PU 10 ( Aatrix 1099 update ONLY ).

Also since last week .. 
  • I've created a calendar of upcoming Sage 100 events 
     
  • Sage's partner advocate program ends October 21, 2020, some larger partners have created alternate options.

EVENTS WORTH WATCHING

  SAGE
  • Anytime - Various Sage endorsed ISV Webinars ( Mostly Recorded )
  • Anytime - Sage Basecamp  - the brainchild of several prominent Sage ISVs - is open for visits 24 x 7 and offers free videos and literature
  • September 9 - Sage 100 and Sage Fixed Assets working together
  • September 9 - ScanForce Mobile Sales for Sage 100
  • September 15 - CIMcloud Search Marketing 'Ask Me Anything' Panel Session
  • September 22 - DataSelf Analytics KPIs and Natural Language for Distribution Companies
  • October 6 - Using Business Insights Explorer to Work More Efficiently
  • December 17 - Making the Most of Visual Process Flows
 

 SAGE 100 COMMUNITIES WORTH JOINING



 

SAGE 100 USERS 


We just broke 192 registered members on this group, I'm posting the latest updates and technical tips regarding the North American version of Sage 100. Occasionally I'll host a Facebook Live on a topic that I think is of high interest to users.
 

SAGE PARTNERS


This group is only for currently active Sage partners, ISVS, and Sage employees. We just broke 81 members.  This is more of an industry news sharing group that allows us to share items that wouldn't be of interest to most end-users.



Stay Safe! 
NEWS CURATED BY



Wayne Schulz
Cell: 860-516-8990
e: wayne.schulz@schulzsays.com

 

TECHNOLOGY NEWS


ERP, ISV & PUBLISHER NEWS


  • Virtual coffee chat for Acumatica users - Sept 18
  • Sage Group PLC said Chair Donald Brydon is intending to step down in September 2021 after what will have been nine years on the board.
  • Sage Executive Sells 120,000 Shares
  • LINQ, a leading technology provider of K-12 school district operations software, announced the addition of former Sage exec Krista Endsley as Chief Executive Officer

SAGE 100 NEWS AND INFORMATION

 

Credit Card transactions do not show up in Bank Reconciliation


Yes, it's true. If you use credit cards the financial information doesn't flow into bank reconciliation automatically.

What you'll need to do is create a separate miscellaneous cash receipt into that bank account once you've seen the credit card has settled with your merchant.

Here are the high-level steps
  1. Set up a credit card payment type - assign a "credit card clearing" GL as the asset.
  2. Process the credit card ( debits your "credit card clearing" )
  3. Upon seeing the funds deposited,  create another cash receipt, and instead of paying an invoice use the GL "credit card clearing" which debits cash ( and makes a  bank reconciliation entry and also credits "credit card clearing".

Sage has more detailed instructions here.

Why does Sage work this way? 

I believe it's because you can't tell in advance which of your daily credit card receipts will clear and be deposited together as one amount. Sage allows you to use a holding account and verify the receipts are deposited in the total amount you see arriving in your bank.

I've dealt with this either manually ( as above ) or for large numbers of deposits I've created an export and visual integrator import which can be done periodically to record the credit card receipts ).
 

WHAT'S NEW IN SAGE 100CLOUD?

What's New In Version 4.x Through 2020? - Google Doc

Additional PDF Documents:
  • What's New Sage 100 2020 PPT Slide Deck  ( PDF
  • Feature summary - eInvoicing for Sage 100 ( PDF
  • CCPA Readiness using Sage 100cloud ( PDF )
  • What's New Sage 100cloud 2020 Datasheet ( PDF
Tech Documents - Upgrade Guide, Supported Platforms, What's New ( website )
 

What Sage 100 Versions Are Supported?

Sage 100  Supported Versions 
 

Where Can I Get Training on Sage 100? 

Anytime Learning - What's New In Sage 100 2020 ( 41 Minutes ) 

Discover how to get the most out of your Sage 100cloud solution here.
 

Where Do I Download Sage 100 Version 2020?

( This download works for all flavors of Sage 100 )

Download site - Sage 100 2020 Full Product
 

Other Info


Sage 100cloud version 2020 - File Layouts Online
Sage 100cloud version 2020 - Online Help


Sage 100 - Required Internet Access


 

NEWS EDITED / CURATED BY: 
WAYNE SCHULZ 
wayne.schulz@schulzsays.com

Office: 860-657-8544
Cell: 860-516-8990

The opinions and advice supplied in this newsletter are general in nature and represent the views of Wayne Schulz and no other entity or sponsors. You are advised to consult your Sage partner prior to implementing any recommendations or advice from this newsletter.
Copyright © 2020 Schulz Consulting, All rights reserved.


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