By mid-July, Sage will make Product Update 2 available for version 4.4 of Sage MAS 90 and 200.  Any customers who are on a current plan with their Sage maintenance agreement are eligible to receive the update.

In an effort to provide additional features and benefits on a more timely basis than the traditional once-a-year upgrade, Sage is releasing Product Updates on a quarterly schedule.  Each of these Product Updates will include both customer-requested features and select additions from the Extended Solutions catalog.

The modules that are enhanced in this Product Update are Accounts Payable, Bank Reconciliation and Paperless Office.  In addition a new utility is being added that will assist with identifying any data issues prior to the installation of the Product Update.

Accounts Payable:

  • ACH Electronic Payments.  Reduce operating costs and lessen the risk of lost or stolen checks by paying your vendors electronically.

Bank Reconciliation:

  • Automatically reconcile checks.  Use an electronic file downloaded from your financial institution to automatically mark checks as cleared.
  • Positive Pay export.  As a way to combat check fraud, many financial institutions are now requiring and/or offering lower bank charges for customers who implement a Positive Pay system.  The Positive Pay Wizard generates an electronic file containing key information about your checks.  That file is transmitted to the bank for use in comparing with the physical checks that are presented for payment against your account.
  • In check, deposit and adjustment entry, the comment field has been expanded to 2,048 characters.
  • Tighter controls over Bank Reconciliation adjusting entries.  You can specify which users are allowed to access and make adjust balance entries.
  • Enter checks, deposits and adjustments on-the-fly without leaving the Reconcile Bank screen.
  • Utility to recalculate the totals of all outstanding check, deposit and adjustment entries that have not been marked as cleared.

Paperless Office:

  • If you pay your vendors using the new ACH Electronic Payments for Accounts Payable, the Paperless Office module will create, electronically send and retain PDF copies of checks, extended stubs and remittance advices to your vendors.

Please feel free to contact us with any questions.