Sage 100 2018 Product Update 5 (2018.5) was released in mid-November. Here’s a look at what’s new in the latest version, including automated bank reconciliations, job cost enhancements, and new features in Sage 100 Payroll.
Automated Bank Reconciliation
For many companies, reconciling bank statements is a manual process can be time-consuming, frustrating, and subject to mistakes. Every manual touch point is an opportunity for human error.
With Sage 100 2018.5, your bank reconciliation process can be automated and simplified with Sage Bank Feeds. This new feature enables you to connect directly to your bank feeds, automate transaction matching, and easily identify disparities which are flagged as they happen.
The automated bank reconciliation feature is included standard for all Sage 100cloud customers who will receive the new functionality automatically with the latest product update.
Job Cost Enhancements
Certified payroll reports are mandatory for all government-funded projects and must be prepared and delivered on a weekly basis to ensure compliance with set wage requirements. The latest Job Cost module update in Sage 100cloud 2018.5 makes it easier to flag information for inclusion as part of Certified Payroll Reports.
In addition, if you’re running the Sage 100cloud Payroll Module, you can now automatically generate Certified Payroll Reports that can be e-filed directly from within Sage 100cloud, thanks to cloud-connected integration with Aatrix (filing fees apply).
Another enhancement to the Sage 100 Job Cost module includes a Job Contractor Maintenance feature that allows you to maintain records for each of the contractors you work with.
Sage 100 Payroll Updates
Enhancements made in Sage 100 Payroll Version 2.18.5 include:
Check and Direct Deposit Stub Sort Options – A sort by field has been added to the printing window to allow sorting by Employee Number, Employee Name, and Employee Department.
Salary Equalization Utility – used to adjust employees’ pay amounts in Time Track Entry records.
Payroll Conversion Wizard – better mapping/conversion of local tax codes when importing data.