What is Sage 100? Sage 100 Versions and Their Features

Sage 100, also known as Sage 100 ERP, is an accounting software offered by Sage Group Plc. The company first provided its accounting solutions in 1988 in the name of Master Accounting Series for the 90s by State of the Art. Gaining a broad user base of accountants, CPAs, and even independent software consultants. In 1998, State of the Art was purchased by Sage Group PLC..

The wholesale distribution industry is Sage 100‘s primary focus. However, it has many enhancements making it suitable for other industries as well.

What is Sage 100?

Sage 100 is a comprehensive business management software solution designed for small and medium-sized businesses. Formerly known as Sage MAS 90 and 200, Sage 100 offers a suite of integrated modules to streamline various business processes, including accounting, inventory management, sales, purchasing, manufacturing, and more.

As a robust ERP (Enterprise Resource Planning) system, Sage 100 provides businesses with the tools they need to efficiently manage their operations, improve productivity, and make informed decisions. It offers features such as financial reporting, customer relationship management (CRM), business intelligence, and customizable dashboards to meet the unique needs of different industries and business types.

With its user-friendly interface and scalability, Sage 100 enables businesses to adapt and grow without outgrowing their software. It integrates seamlessly with other business applications and offers cloud-based options for enhanced accessibility and flexibility.

What does Sage 100 do?

Sage 100 is an all-in-one construction and warehouse management system that gives users complete oversight of your projects in real-time. This allows you to make more informed decisions across the board. With customizable dashboards for each user or role, you’ll have a clear view of the status of every project at your fingertips. In addition, there are accounting, estimating, job costing, and change tracking features available.

Users have specific needs for task cost management, which are only sometimes met by off-the-shelf software. However, Sage 100 is designed to keep trackon job expenses and project management procedures, providing you with the information necessary to expand your firm.

Significant Features of Sage 100

Sage 100 offers many features that help users automate bookkeeping, analysis, making payments, and much more. Some of the notable features have been mentioned and explained below:

Different versions of Sage 100 and their comparison

The Sage Group Plc provides three distinct iterations of its Sage 100 flagship product. In the following table, we compare and contrast the features provided by each of these three Sage 100 variants:

Benefits of using Sage 100 application

Eliminates Human Error

The possibility of human error, such as entering the wrong numbers or losing important documents, is eliminated when all financial data is stored digitally. While seemingly little, these mistakes can have a devastating effect on your company’s finances. When it comes to financial accounting, Sage is the software of choice because of the reliability and precision it provides.

Provides Real-Time Financial Information

You can enter your account and view all of the transactions and cash flow figures to this point in time. Real-time information may be used for reviewing many parts of your company. It can also assist you in planning for costs that may not have been anticipated or in obtaining confirmation of transactions that have been processed completely.

Saves Time and Cost

Quick and accurate financial reporting is a hallmark of Sage accounting software. As a result, using them rather than traditional paper-based accounting is the option that will save you the most money.

Increase visibility

The demolition of data silos, reduction of mistake rates, and elimination of spreadsheets should be high priorities. By centralizing the management of your company’s procedures in a single location, you will be able to devote more of your attention and energy to expanding your business.

Decrease risk

You are less likely to become a victim of fraud thanks to our granular security and thorough auditing. Sage 100 provides all the features you need to stay in line with your business sector’s ever-evolving regulations and standards.

Managing Inventory

All factories rely heavily on their inventory system. It helps keep tabs on stock levels from raw materials to finished goods, calculate inventory value, and predict future demand. The accessibility of raw materials directly influences the production process in every given sector.

You may refill your shelves by performing physical counts based on set thresholds. In this way, you may keep track of every single deal you’ve ever made, which can help you determine the true worth of your business.

Saves time by automating reports and processes

Spend less time importing data or running reports thanks to customized automation. Sage Task Scheduler allows you to set a recurring task to occur at a specific time on a daily, weekly, or monthly basis. You can schedule accounting reports to be ready each morning or input payroll data from an external source.

Job costing

With built-in estimation and export budgets, Sage 100 Contractor streamlines task costing. Reports on job progress, job expenses, job expenses summarized, hours worked, hours worked, and billing can all be generated.

Best Add-ons For Sage 100

The following add-ons help Sage 100 make maximum use of its capabilities:

• Avalara
• Sage AP Automation
• Starship
• JobOps
• AvidXchange AP Automation Software
• Budget Maestro

What Makes Sage 100 a Good Accounting Software

As Sage is a Trusted, customizable, connected business management software that helps businesses grow and make the best out of their financial practices.

Sage 100 was developed keeping safety and regulation in mind. Because of its high degree of adaptability, it may be tailored to your specific requirements at any given time. Plus, it’s cloud-connected, so you get all the advantages of the cloud without giving up control of your system.

Business object framework allows for in-depth customization that is resilient to product updates. Sage 100 can be tailored to the needs of particular businesses, both now and as they expand, thanks to the platform’s extensive ecosystem of connected solutions.

Who Are the Typical Users of Sage 100 Software?

Sage 100 cloud is the enterprise resource planning (ERP) system that is utilized by SMBs, which stands for small and medium-sized organizations. Sage 100 is suitable for organizations of any size, including new ventures. The following types of businesses use Sage 100’s cloud ERP:

• Manufacturing
• Wholesale distribution
• Professional services
• Construction
• Chemicals
• Food & beverage
• Non-profits
• Small businesses
• Mid-size businesses
• Large enterprises

Sage 100 primarily targets the wholesale distribution, e-commerce, light manufacturing and warehouse management niche. Construction companies can also make full use of Sage 100 contractor edition to fulfill their project tracking and mahjong needs.

Pros and Cons of Sage 100 Accounting Software?

Mentioned below are the Pros and Cons as suggested by the active users of Sage 100 products:

Alternatives of Sage 100 Accounting Software

Some of the notable Sage 100 alternatives accounting software have been mentioned below:

• NetSuite
• SAP ERP
• QuickBooks Desktop Enterprise
• Microsoft Dynamics 365 Supply Chain Management
• FinancialForce Financial Management ERP
• Primetric
• Budgyt
• A2X
• Planning Maestro

Conclusion

Sage 100 is a construction accounting and management program in the middle of the price range. It combines helpful accounting capabilities with tools for managing projects, giving you the best of both worlds in one convenient package. However, individuals who need to become more familiar with bookkeeping may find using Sage 100 challenging. Because of its many specialized characteristics, such as AIA billing, it can only be comprehended by CPAs with prior construction accounting knowledge.

FAQs

Is Sage 100 good?

Yes, Sage 100 is a reputable and widely-used business management software solution that offers comprehensive features and benefits for small and medium-sized businesses. With its robust functionality, user-friendly interface, and scalability, Sage 100 is considered a good choice for companies seeking to streamline their operations, improve productivity, and make informed decisions.

Is Sage 100 an ERP system?

Sage 100 ERP systems are available for both on-premises and cloud deployment, so it’s easy to find one that works for your business. With Microsoft® SQL Server’s efficiency and extensive capabilities, Sage 100 Premium ERP* is a superb ERP system.

What is the most current version of Sage 100?

The most current version of Sage 100 is Sage 100 2023. It comes with numerous enhancements and updates aimed at improving functionality and user experience. The latest release, Sage 100 2023.1, was launched on July 20, 2023.

Is Sage 100 still supported?

Yes, Sage 100 is still support. However, it’s important to note that Sage periodically retires older versions of the software to focus on providing support and updates for newer versions. For example, Sage 100 2020 (6.20) was declar retired in April 2023. This version included Product Updates 1 through 6, with the final update released in September 2022.

How much does sage 100 cost

Sage100 costs around $45 per month to its users.

Is Sage 100 Cloud-Based?

Sage 100 is On-premises application that can be hosted on the cloud platform to meet the business and operational needs. Users can enjoy ERP solutions with the benefits of cloud computing.

How to void a check in Sage 100

The following steps help users perform void check in Sage 100:

Step 1. Choose “Accounts Payable.” Main menu > Entering a check or payment.

Step 2. Type in the bank code, the check number, and the check date.

Step 3. Type.00 in the Check Amount field as the amount of the check.

Step 4. When the prompt suggests if there is a canceled check, select “Yes” to record the check number as a canceled check. On the Check and Electronic Payment Register, the number of the check will be follow by the words “VOID CHECK.”

Step 5. Click Accept.