Sage 50 solutions for nonprofits facilitated:
- Non-profit specific chart of accounts, including a United Way chart of accounts
- Customized account segments to represent departments or individual funds
- Ability to designate encumbrances and restrictions
- Generate and email reports and financial statements including Statement of Financial Position and Donor-Grantor Summary List
- Customizable reporting
Sage 50 came with Sage Business Care Silver, an auto-renewing program that provided automatically delivered upgrades, access to customer support, online training, customizable reporting tools, and more.
- The software enabled efficient accounting essentials, including invoicing, bill payments, and tracking receipts while adhering to real, double-entry accounting principles. Users could quickly assess their business status through easy-to-read dashboards.
- Business organization was facilitated with features like setting email alerts for important tasks and integrating with Microsoft Excel and Word for key activities. Customized reports provided deeper insights.
- Cash flow management was enhanced with tools for analyzing and forecasting payments and receipts, ensuring sufficient cash for current and future obligations.
- Payroll functionalities worked in conjunction with Sage 50 Payroll Solutions, offering options like printing paychecks or using direct deposit.
- User access control and data security were prioritized, including checks for common accounting errors.
- Inventory management was streamlined, allowing for the building of inventory assemblies, tracking customer orders, and using various inventory costing methods.
- Multiple budgets could be created for different departments and cost centers, enabling detailed financial planning and the creation of “what if” scenarios.
- For organizations running multiple companies, financial reporting was simplified by consolidating financials, including charts of accounts and transactions.
- Report design and sharing were made more insightful with Crystal Reports 2008, offering advanced features like graphs and charts.
- Financial statements could be printed by organizational department, and job profitability was aided through change order processing.
- Serialized inventory tracking was provided, enabling detailed records for costing, warranty tracking, and recalls.
- Print a donor and grantor receipt report
- Create fundraising letters with a Microsoft Word template
- Print collections letters for member and pledge fees outstanding
- Accept new donors with a welcome letter template
- Produce accurate nonprofit-specific reports
- Set up quickly with nonprofit-specific chart of accounts