Sage 50 U.S. Edition 2022” is the latest release with new features and improvements. It includes all product solutions of Sage 50 accounting with the updates of to previous features releases. Sage 50 features help you to manage your financial accounting in your business.
This new release of Sage 50 2022 is here with many new features and also some awesome improvements from the previous release. Here, you get to know the details about the newly added features and improvements. This article shall help you explore these features to handle your finances and also to grow your business.
Note: If you are using any third-party product integration then make sure that the product is fully compatible with Sage 50 software.
- 1 What’s New and Product Improvements in Sage 50 2022:
- 2 Go through with Sage 50 2022 Tutorial Video
- 3 FAQ’s
What’s New and Product Improvements in Sage 50 2022:
1. Bank Feeds
The bank feeds are more improved that provides you smooth and fast service while connecting with your bank, downloading or uploading transactions, or any other action done with the bank. It also helps you in simplifying the bank reconciliation process. If you are an existing user and want to take advantage of this feature then you have to migrate to this new version. The new users will have a better hassle-free experience of on-boarding while adding their bank and to the account and also be view the the bank transaction smoothly and fast.
2. Error Handling for Sage Services
If you are facing any connectivity issues, service problems, or technical problems, then you can still access the Sage 50 company in the read-only mode. This feature helps you to show what kind of problem you are facing and also provides you options on steps so that you can stop the damage Call Sage 50 support team. Sage 50 has enhanced its error handling capabilities by making some extra effort to provide error free Sage services, all you need to do is ensure a smooth internet service while you transact in Sage 50. For editing purposes, there is an option to open it in this read only as well in case of an urgent need of access.
3. Paid Family Leave withholding Options
This feature is included in the Payroll Settings. It is expanded to include the withholding options of paid family leave as part of other state taxes. Also, it is required that the contribution is collected by employers from employees. This feature is added to few states as the new payroll functionality to accommodate paid family leaves. When users try to set up a new company then they can select the family leaves state during the payroll that of to populate the new family withholding field in their parallel account. This is done for both payroll employer and employee. This helps to set up the newly maintained payroll formulas in Sage to calculate their specific withholding amount according to each state.
4. 1099 Process Got improved
In the new 2022 version, the there is a new 1099-MISC form and also changed the box designations. The form 1099-NEC is also introduced to use for reporting of non-employee compensation. There are some important changes that we are done last year to ensure that the filing was done correctly for the form 1099-MISC and 1099-NEC. At that time, there was less time so it was not possible to add descriptive fields into the Sage 50 forms. But in this release, all the changes are done in the 1099 default settings. Also, the box designation reflects the correct forms where the data is reported.
5. Remote Data Access Adaptability
Now, you get a more improved user experience in remote data access. This also helps you to open or access the company file in the offline mode that provides you read-only access.
All the details are explained here so that you get to know about each feature. This lets you know what changes are done to the improved features in this new release of Sage 50-U.S. Edition 2022. To experience all these improved and new features Download Sage 50-U.S. Edition 2022 Full Product.
Go through with Sage 50 2022 Tutorial Video
Are these New and Improved Features Available in all the Versions of Sage 50- U.S. Edition 2022?
Yes, all the new and improved features are available in all Sage 50 Pro, Premier, and Quantum versions.
Accounting Tools: Accounting Tools like module-level security, invoice customer using email, managing inventory, control expenses, and job revenue, etc. are available here.
Business Intelligence: Reports are up to date with the latest data, built-in templates for sales, inventory, purchasing, and more.
Inventory Management: Track warranty claims and recalls using the serialized inventory, set price levels differently, offer discounts, automatically replenish inventory, and inventory tracking using user-defined attributes like size, color, or style are also there.
What did you Get after Downloading the Sage 50 Pro 2022?
● To meet the current payments or future payments, manage the cash flow.
● The dashboard is used to get instant insights into your business.
● Pay bills, invoice customers, and receipt tracking.
● Take decisions according to the financial reports.
What did you Get after Download the Sage 50 Quantum 2022?
● Multi-user functionality
● Workflow management
● Customer management
● Payroll or Employee Management
● Reporting of Business Intelligence
● Jobs Management
● Inventory Management
● Financial Management