One of Sage 50’s built in financial statement formats, “<Standard> Income – 12 Period”, gives you an income statement for the current fiscal year split out into monthly columns. People are often surprised to find that it doesn’t let you choose a date range so you can’t use it to report on prior years. But […]

When typing in the description field of a Peachtree invoice, the enter key moves you to the next field. Read this tip to find out how to start a new line of text within the same description field.

Do you require down payments or prepayments from your customers? I’m often asked how to record prepayments since there is no invoice that the payment can be applied against. Today I’m going to go over two ways to a deal with this and some of the pros and cons of each method. OPTION 1: Use […]

I’ve had several calls recently from people trying to do payroll, but for some employees there are no pay fields showing in Payroll Entry. As a result there’s nowhere to enter the employee’s pay. The solution is simple, but far from obvious so I thought it would be a good topic to cover here. In […]

You’ve probably heard by now that non-employee compensation now must be reported on form 1099-NEC, instead of the 1099-MISC. The 1099-MISC still exists for other types of payments (rents, royalties, attorney fees, etc.) but non-employee compensation, (payments to contractors) now have their own form. How does this affect Sage 50 users? It depends on how […]

The first update to Sage 50 2021 released a few weeks ago. Many people were glad to get it because it fixed the problem that plagued some users with a lagging or freezing mouse pointer. But it also brought a couple of important new payroll features. Unlimited Pay Types – Previously you were limited to […]

Whether you are negotiating prices or making a Christmas gift list, it is important to know who your top customers are. With Peachtree, this information is always just a few clicks away.

Out of the box, the standard behavior for the Receive Money window is Sage 50 is to remember the last account that was use in the Cash Account field. Sometimes that is fine, but other times it causes problems. For example, a common way to write off bad debt is to receive a dummy payment […]

Sage 50 2021 released on July 15th 2020. The new release provides a few new features that improve ease of use. It also steps up security for those who integrate Sage 50 with Gmail. And the new feature that I haven’t had a chance to test yet but has the potential to be a huge […]

Easily assign different prices to different groups of customers using price levels.