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Reporting

Professionals in accounting and finance typically create reports that are periodic statements that reflect the financial condition of their business. However, the process of creating various kinds of reports is often time-consuming, especially for those who do not use Sage 50 US Peachtree in the cloud. Cloud-based versions of the program let users create various and diverse types of reports in a matter of minutes.

Here's a look at the various kinds of reports that companies are able to create with Cloud-hosted Sage 50.

• Comparative balance sheet
• Comparative profit and loss (P&L) statement
• Statement of cash flows
• A/R aging
• A/P aging

• Income/loss by month
• Income/loss by the customer
• Income/loss by class
• Income/loss by location
• Income/loss by project

• Unbilled charges
• Unbilled time
• Transaction list by customer
• Expenses by Vendor
• General ledger
• Trial balance

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Payroll

Sage 50 in the cloud can help companies streamline payroll processes for employees using direct payment, pay cards, or direct deposit checks. They also allow:

• Keep track of employee records including the paychecks that they process, as well as the taxes that they pay their employees.
• Fastly start to get Sage Payroll up and running by using this payroll setup Wizard

• Manage the hours that are used to take sick and vacation leave and keep track of employees' tipping.
• Create paychecks using entries made during an employee's pay period. This is useful for companies that have employees who fill in time cards for the number of hours they worked in assignments.

Final Words

Accounting for business can be difficult and time-consuming, especially if companies don't have the appropriate tools. But, Sage 200 cloud help to manage their entire business assists them in managing all accounting requirements for their business all in one location. Starting from receivables and accounts payable, to invoice and cash flows, Sage 50 Cloud has everything taken care of. In addition, it offers payroll and project accounting capabilities to assist businesses in streamlining their processes. If you're searching for an efficient and simple solution to manage your business's finances take a look at Sage 50 Cloud!