Archive for category Sage 50 / Peachtree Tips

Introducing Sage 50c

You may have received information about the new Sage50c. So I thought I would take a moment to explain what it is, what it’s not, and who might be a good candidate to use it. Sage describes it as “Reliable desktop software with anytime, anywhere cloud access. Perfect for working with your accountant or while […]

Sage 50 1099 Tips – Adjustments & Non-Cash Payments

Most of the 1099 process in Sage 50 is pretty straight forward. Record your payments throughout the year, set the “1099 Type” field to Independent Contractor for any vendor that should get a 1099-Misc, and print your forms at the end of the year. But how do you adjust the 1099 amount when needed? Or […]

Sage 50 Automatic Backup Scheduler

Backup is one of those issues that is so important it’s almost impossible to over emphasize it. I’m a big fan of the sister companies IBackup and IDrive as a reliable and affordable way to get an off-site backup. But because your accounting data is so important I still recommend using Sage 50’s built in […]

Recalculating Prices in Sage 50

If you want to change prices for all or part of your items or services in Sage 50 (Peachtree), it’s easier than you might expect. Obviously you could go to Maintain Inventory Items and change the price each item individually, and that’s fine for making a few changes. But there’s a better way to make […]

Hiding Inactive Records in Sage 50

Over the years, customers and vendors come and go. That means your customer list and vendor list get cluttered up with obsolete records. While you can’t delete those customer or vendors as long as you still have transactions linked to them, there is an easy way to hide them so they don’t show in the […]

Stock Items vs Non-stock Items in Sage 50

When setting up an item to be bought or sold in Sage 50 you have to choose an item class. Choosing the right class is very important so I want to shed some light on the most commonly misunderstood item type, the non-stock item. To understand when to use non-stock items, you need to understand […]

Open a Sage 50 Company Automatically From a Desktop Shortcut

Someone asked recently if they could create a shortcut on their desktop that would open a specific company in Sage 50. In fact it’s not hard to do at all. Since many of you maintain multiple companies I thought the answer would be worth sharing. If you don’t already have a Sage 50 shortcut on […]

What’s New in Sage 50 2016

Version 2016 of Sage 50 has been released. This will be the first version to automatically download in the same manner as a payroll tax update or interim releases (such as 2015.3). It will need to be installed on the server first, and it will require a data conversion process the first time you open […]

Copy Inventory Items, Customers, & Vendors in Sage 50

One of the new features in the 2015.3 update of Sage 50 is the Copy button in the Customer, Vendor, and Inventory Item maintenance windows. When you need to set up a new customer, vendor or inventory item that is similar to an existing item, bring up the record you want to copy and click […]

Bank Reconciliation Made Easy in Sage 50

First of all, if you aren’t using the bank account reconciliation feature in Sage 50 you should be, unless of course you don’t want to make your life easier. In that case feel free to keep doing them manually. For the rest of you, keep reading. Here’s an overview of the whole process. To start […]