Sage 50 Accounting—U.S. Edition
User's Guide
,Copyright and Trademark Information
To purchase a Sage 50 Support plan: 1-800-336-1420
Sage 50 Web site: http://na.sage.com/us/sage-50-accounting
Copyright
Information in this document is subject to change without notice. Company names and data used in examples herein are fictitious
unless otherwise noted. No part of this document may be reproduced or transmitted in any form or by any means without the
express written permission of Sage Software.
This document, the associated software, and the associated online documentation are the property of Sage Software, Inc., and are
loaned to the user under the terms of the Limited Use License Agreement. Unauthorized copying or use of the software or any
associated materials is contrary to the property rights of Sage Software, Inc. and is a violation of state and federal law. This material
must be returned to Sage Software, Inc. upon demand.
© 2015 Sage Software, Inc. All Rights Reserved.
Portions of the Sage 50 Pro Accounting, Sage 50 Premium Accounting and Sage 50 Quantum Accounting applications, related
products and services, and associated documentation were created by third parties and are hereby acknowledged as follows:
1995-2014 Aatrix Software, Inc. All rights reserved.
2005 Access Softek, Inc. All rights reserved.
2000-2002 AMYUNI Consultants. All rights reserved.
1999-2010 AMYUNI Technologies, Inc. All rights reserved.
2007 The Apache Software Foundation. All rights reserved.
2008 SAP AG. All rights reserved.
1996 - 2015 DataBlox, Inc. All rights reserved.
1991-2007 FarPoint Technologies, Inc. All rights reserved.
2004-2009 Automatic Data Processing, Inc. All rights reserved.
2001-2013 Hewlett-Packard Development Company, L.P. All rights reserved.
1994-2006 Inner Media, Inc. All rights reserved.
2005 Innovision Corporation. All rights reserved.
2001-2009 Iron Mountain Incorporated. All rights reserved.
2002-2007 Macrovision Corporation. All rights reserved.
2012 Pervasive Software Inc. All Rights Reserved.
1994-2009 United Parcel Service of America, Inc. All rights reserved.
1995-2006 Wintertree Software Inc. All rights reserved.
2006 WinZip International LLC. All rights reserved.
2007 Xceed Software, Inc. All rights reserved.
Trademarks
Sage, the Sage logos, Peachtree, Sage Payment Solutions, Sage 50 Intelligence Reporting, Timeslips, DacEasy, "Accuracy. Control.
Results.", "Get the Insight Behind Your Numbers", "Your business in mind.", and "Accounting Behind the Screens" are registered
trademarks or trademarks of Sage Software, Inc. or its affiliated entities. Microsoft, Microsoft SQL Server, Excel, Outlook, Windows,
Windows Vista, the Windows logo, and the Microsoft Internet Explorer logo are registered trademarks or trademarks of Microsoft
Corporation in the United States and/or other countries. Innovision is a registered trademark of Innovision Corporation. Hewlett
Packard and HP are registered trademarks of Hewlett-Packard Development Company, L.P. DynaZIP is a registered trademark of
Inner Media, Inc. WinZip is a registered trademark of WinZip International, LLC. Quicken and QuickBooks are registered trademarks
of Intuit, Inc. Amyuni and the Amyuni logo are trademarks of Amyuni Technologies Inc. Sentry Spelling Checker Engine is a
trademark of Wintertree Software, Inc. Pentium is a registered trademark of Intel Corporation. Other product and service names
,mentioned may be service marks, trademarks, or registered trademarks of their respective companies and are hereby
acknowledged.
, Table of Contents
Copyright and Trademark Information 1
Table of Contents i
Getting Started 1
Activate Sage 50 1
What do you want to do next? 1
Sage 50 Activation Information 1
What do you want to do next? 2
Sage 50 Activation Options 2
Update Your Existing Sage 50 Activation Information 2
What do you want to do next? 2
Activate Two Versions of Sage 50 on the Same Computer 3
What do you want to do next? 3
How Do I: Getting Started Topics 3
Getting Started Overview 3
What do you want to do next? 4
Working with Your Accountant 4
How Sage 50 Handles Cash-Basis 4
Customer and Vendor Aging 4
Projected Cash Flow 4
Payroll 4
Inventory 4
Related topics 4
Cash Basis or Accrual Accounting (Getting Started) 5
Related topics 5
What do you want to do next? 5
The Benefits of Accrual Accounting 5
What do you want to do next? 5
The Benefits of Cash Basis Accounting 5
Tax Benefits 6
Less Time/Simplicity 6
Related topics 6
Example of Cash vs. Accrual 6
Dates and Accounting Periods (Getting Started) 6
The Conversion Date (Getting Started) 6
Global Options (Getting Started) 6
Your Chart of Accounts (Getting Started) 7
Related topics 7
G/L Beginning Balances (Getting Started) 7
What do you want to do next? 7
Necessary Accounts (Getting Started) 7
Batch vs. SmartPosting vs. Real-Time Posting (Getting Started) 8
Aging (Getting Started) 8
Customer Statements (Getting Started) 9
User's Guide
,Copyright and Trademark Information
To purchase a Sage 50 Support plan: 1-800-336-1420
Sage 50 Web site: http://na.sage.com/us/sage-50-accounting
Copyright
Information in this document is subject to change without notice. Company names and data used in examples herein are fictitious
unless otherwise noted. No part of this document may be reproduced or transmitted in any form or by any means without the
express written permission of Sage Software.
This document, the associated software, and the associated online documentation are the property of Sage Software, Inc., and are
loaned to the user under the terms of the Limited Use License Agreement. Unauthorized copying or use of the software or any
associated materials is contrary to the property rights of Sage Software, Inc. and is a violation of state and federal law. This material
must be returned to Sage Software, Inc. upon demand.
© 2015 Sage Software, Inc. All Rights Reserved.
Portions of the Sage 50 Pro Accounting, Sage 50 Premium Accounting and Sage 50 Quantum Accounting applications, related
products and services, and associated documentation were created by third parties and are hereby acknowledged as follows:
1995-2014 Aatrix Software, Inc. All rights reserved.
2005 Access Softek, Inc. All rights reserved.
2000-2002 AMYUNI Consultants. All rights reserved.
1999-2010 AMYUNI Technologies, Inc. All rights reserved.
2007 The Apache Software Foundation. All rights reserved.
2008 SAP AG. All rights reserved.
1996 - 2015 DataBlox, Inc. All rights reserved.
1991-2007 FarPoint Technologies, Inc. All rights reserved.
2004-2009 Automatic Data Processing, Inc. All rights reserved.
2001-2013 Hewlett-Packard Development Company, L.P. All rights reserved.
1994-2006 Inner Media, Inc. All rights reserved.
2005 Innovision Corporation. All rights reserved.
2001-2009 Iron Mountain Incorporated. All rights reserved.
2002-2007 Macrovision Corporation. All rights reserved.
2012 Pervasive Software Inc. All Rights Reserved.
1994-2009 United Parcel Service of America, Inc. All rights reserved.
1995-2006 Wintertree Software Inc. All rights reserved.
2006 WinZip International LLC. All rights reserved.
2007 Xceed Software, Inc. All rights reserved.
Trademarks
Sage, the Sage logos, Peachtree, Sage Payment Solutions, Sage 50 Intelligence Reporting, Timeslips, DacEasy, "Accuracy. Control.
Results.", "Get the Insight Behind Your Numbers", "Your business in mind.", and "Accounting Behind the Screens" are registered
trademarks or trademarks of Sage Software, Inc. or its affiliated entities. Microsoft, Microsoft SQL Server, Excel, Outlook, Windows,
Windows Vista, the Windows logo, and the Microsoft Internet Explorer logo are registered trademarks or trademarks of Microsoft
Corporation in the United States and/or other countries. Innovision is a registered trademark of Innovision Corporation. Hewlett
Packard and HP are registered trademarks of Hewlett-Packard Development Company, L.P. DynaZIP is a registered trademark of
Inner Media, Inc. WinZip is a registered trademark of WinZip International, LLC. Quicken and QuickBooks are registered trademarks
of Intuit, Inc. Amyuni and the Amyuni logo are trademarks of Amyuni Technologies Inc. Sentry Spelling Checker Engine is a
trademark of Wintertree Software, Inc. Pentium is a registered trademark of Intel Corporation. Other product and service names
,mentioned may be service marks, trademarks, or registered trademarks of their respective companies and are hereby
acknowledged.
, Table of Contents
Copyright and Trademark Information 1
Table of Contents i
Getting Started 1
Activate Sage 50 1
What do you want to do next? 1
Sage 50 Activation Information 1
What do you want to do next? 2
Sage 50 Activation Options 2
Update Your Existing Sage 50 Activation Information 2
What do you want to do next? 2
Activate Two Versions of Sage 50 on the Same Computer 3
What do you want to do next? 3
How Do I: Getting Started Topics 3
Getting Started Overview 3
What do you want to do next? 4
Working with Your Accountant 4
How Sage 50 Handles Cash-Basis 4
Customer and Vendor Aging 4
Projected Cash Flow 4
Payroll 4
Inventory 4
Related topics 4
Cash Basis or Accrual Accounting (Getting Started) 5
Related topics 5
What do you want to do next? 5
The Benefits of Accrual Accounting 5
What do you want to do next? 5
The Benefits of Cash Basis Accounting 5
Tax Benefits 6
Less Time/Simplicity 6
Related topics 6
Example of Cash vs. Accrual 6
Dates and Accounting Periods (Getting Started) 6
The Conversion Date (Getting Started) 6
Global Options (Getting Started) 6
Your Chart of Accounts (Getting Started) 7
Related topics 7
G/L Beginning Balances (Getting Started) 7
What do you want to do next? 7
Necessary Accounts (Getting Started) 7
Batch vs. SmartPosting vs. Real-Time Posting (Getting Started) 8
Aging (Getting Started) 8
Customer Statements (Getting Started) 9
