Overview > What's New in Sage 50

Sage 50 Accounting—Canadian Edition
(Release 2019.3)

This product update covers all product solutions of Sage 50 Accounting (Release 2019.3) and includes the updates from previous releases.

What's new and product improvements

 

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Government compliance

     

Changes to the Manitoba sales tax

Effective July 1, 2019, the Manitoba Retail Sales Tax (RST) rate will decrease from 8% to 7%. This tax is applied on the retail sale of most goods and some services, and is calculated on the selling price before the GST is applied.

The Manitoba Retails Sales Tax Update wizard helps Manitoba clients convert easily by updating the RST and tax codes to the new rate. Manitoba clients should finish recording transactions dated previous to July 1, 2019 before running the Manitoba Retails Sales Tax Update wizard. The wizard will pop up after you change the session date to a date after June 30, 2019. You can also access the wizard at any time from the Setup menu.

New companies created in this release use the new rate of 7%.

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AutoEntry

     

New partnership with AutoEntry

Sage is thrilled to introduce a new partnership with AutoEntry.

Autoentry is a third party cloud-based solution which eliminates data entry, so you never again have to type up invoices or receipts. AutoEntry captures and analyzes scanned and photographed paper documents, automating data entry into your Sage 50 program.

If you are interested in automating your workflow with AutoEntry, please call 1-857-302-3409 for more information.

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Sage 50 Accounting—Canadian Edition
(Release 2019.2)

This product update covers all product solutions of Sage 50 Accounting (Release 2019.2) and includes the updates from previous releases.

What's new and product improvements

 

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Sage 50cloud solutions for inventory

Goods Received Notes

Use goods received notes1 You need a service plan that includes goods received notes. to record the receipt of goods (and services) from your vendors and update inventory before a purchase invoice is received so you can keep your inventory up to date and sell your goods and services. Easily convert a goods received note to a purchase invoice when your vendor invoices you.

Journal entries for goods received notes include amounts for Inventory and Expense accounts, as well as for a new account, Goods Received – Not Invoiced.

 

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Delivery Orders

Use delivery orders2 You need a service plan that includes delivery orders. to record the delivery of goods (and services) and then subsequently invoice your customers.

Journal entries for delivery orders include amounts for the Cost of Goods Sold, Sales Revenue, and Inventory accounts, as well as for a new account, Uninvoiced Goods & Services. These additional amounts and accounts are necessary to meet the new accounting requirement to recognize revenue when the customer has control of the goods or has received the service.3 This accounting requirement is in effect for Canada and the US, as well as internationally. Sales and Salesperson reports have also been updated to meet this new requirement. Furthermore, the journal entries for invoices created from a delivery order, will show a transfer from Uninvoiced Goods & Services to Accounts Receivable, amounts for the GST/HST and PST/QST charged, and gains/losses if the amount charged has changed since delivery.This new method is substantially different from the previous revenue recognition standard, where revenue was recognized when invoiced.

 

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Sage 50 Accounting—Canadian Edition
(Release 2019.1)

This product update covers all product solutions of Sage 50 Accounting (Release 2019.1) and includes the updates from previous releases.

What's new and product improvements

 

Pro

Premium

Quantum

Sage 50cloud solutions for invoices

Credit Notes and Debit Notes

With the new transaction windows for credit notes and debit notes, you can easily record returns, refunds, or adjustments after an invoice is issued.4 You need a service plan that includes credit notes and debit notes.

 

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Government compliance

Employer Health Tax for British Columbia

With our continued commitment to meeting payroll requirements, employers, with payrolls exceeding $500,000, can account for this new tax. 5 Support plan that includes payroll tax updates required.

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Sage 50 Accounting—Canadian Edition
(Release 2019.0)

This product update covers all product solutions of Sage 50 Accounting (Release 2019.0) and includes the updates from previous releases.

This product update covers all product solutions of Sage 50 Accounting—Asia Pacific Edition (Release 2019.0) and includes the updates from previous releases.

What's new and product improvements

 

Pro

Premium

Quantum

Sage 50cloud solutions

Sage Dashboard

Through the Office 365 integration6 Microsoft Office 365 Business Premium is required. , Sage Dashboard gives you insight into critical areas of your business when you are away from the office.

  • Keep track of key performance indicators (KPIs) in one view on your laptop/tablet/smartphone.​
  • KPIs are focused on Accounts Receivable, Accounts Payable, Revenues and Expenses.​
  • Gain visibility into your business in one quick view to make smart business decisions.​

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Sage Approvals

New to the Office 365 integration7 Microsoft Office 365 Business Premium is required. , Sage Approvals lets business owners take control of transactions that flow from Sage Capture.

  • Set up reviewers
  • Accept transactions with a few clicks and add them to your Sage 50cloud company data.
  • Return transactions easily to the Sage Capture user when more information is needed.

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Get paid faster

Payments in Outlook

Simplify the payment process for your customers. Let them easily pay you directly in their Outlook inbox. No switching windows or complicated work flows. They can pay easily and securely in the integrated payment window.

Save time by reconciling payments into your accounts. It's that easy. Work faster and more efficiently and get paid faster.

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