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What's new in the 2014 release

Sage Accounts 2014: The VAT Edition is the market-leading accounts software that makes managing your customers, suppliers and day-to-day finances as easy as possible.

From invoicing customers and paying suppliers, to dealing with every aspect of your VAT and accounts, it helps you manage all the different areas of your business. It gives you the reliable information you need to stay in control and drive your business success.

By keeping accounts simple, it helps ease your way through your day and leaves you free to focus on your business.

Why the VAT Edition?

When it comes to legislation, we know it's one of the things which keeps our customers awake at night, and for many businesses that legislation is VAT.

Whether that's wondering about whether you need to be VAT registered and how it all works; to worrying about whether you've done it right and what could happen if you haven't. VAT is a complicated tax that can have a big impact if you get it wrong. Our customer service experts deal with an average of 1,300 calls about it every month.

With Sage you can take away that worry. With software designed to help you manage, process and submit VAT, plus services to guide and train you how to use it - you've got it covered.

Sage Accounts 2014 sees the introduction of lots of great new features, many of which are based on your feedback. The new features include:


Foreign trader

Foreign trader is now available to all variants of Sage Accounts as an additional module, so you can access it on Sage Instant Accounts and above for a small fee. Foreign trader is free in Sage 50 Accounts Professional.


Foreign trader with VAT Cash Accounting

You can now use multiple currencies in conjunction with VAT Cash Accounting, so no matter what VAT scheme you're on, you can benefit from all of the great features that are part of Foreign trader.


Charities

Charities and Amateur Sports Clubs can now record donations under the Gift Aid Small Donations Scheme (GASDS). Legislation changes by HMRC mean that it's important to use the new features to identify small donations to enable you to claim Gift Aid on them even if you don't have a Gift Aid form. Changes to Charities in Sage mean you can now report on these figures easily in a format recognised by HMRC.


Live Link

Live Link is a great new way to keep up to date with the latest information about your software and support. We’ll also use this to let you know about any issues which may affect you, how to perform procedures at the relevant times of year and any offers that may be of interest to you. This option is not available in Sage 50 Accounts Hosted.


Stock improvements

You can now import a stock take from an Excel or csv spreadsheet which can save you lots of time if you have a lot of products.

We've created a new tool for removing stock transactions and stock records, and you can now clear stock on an individual product. This means you can remove individual products more easily, without having to clear all stock before a set date range.

There's a new opening and closing stock wizard to make it even easier to record your stock values when running an period end. This helps keep your Profit and Loss and Balance Sheet reports accurate.


VAT improvements

We've introduced a new VAT help centre to guide you through the whole VAT process in one place.

The VAT Return has been improved to highlight potential issues if you make amendments to the VAT Return.

VAT Reconciliation has been improved to take you through a step by step process, helping to ensure you get accurate figures and know where to go if you want help or confirmation.


Financial Year change

You can now change your financial year on all variants of the software, so if you start processing in the wrong year or your accountant asks you to change the dates your financial year runs over, you can do this from within the software.


Archive

You can now archive your data at any time, not just when running the Year End routine. This means you can have a full read only backup of your company data from a specific date that you can load at any time without affecting your live data. This is particularly useful before big routines like clearing the audit trail.


Check data

This process has been improved to give more detail about the issues that are presented and a history of recent data checks. You can even access the tools to help you fix the data without running a check first. This saves you time and avoids having to run the check repeatedly.


Company list

The Company List has been refreshed to give more information, like the financial year for your company, the VAT and version number and direct access to the data folder. You can even access Demo and Practice data straight from the Company List. The extra information is really important in helping to clearly identify each company without having to open them. This option is not available in Sage 50 Accounts Hosted.


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