Sage 50 HK Peachtree Premium Accounting 2023
(Desktop and Cloud Edition)

Sage 50 HK Peachtree Premium Accounting has exclusive features such as company consolidation financial statements; serialized inventory; expanded budgeting; and employee-raise tracking provide a comprehensive, insightful solution for all businesses. It's the software solution businesses can count on to gain the insight they need to succeed.

The new Premium Accounting comes with even more reports than Pro Accounting, plus a module that tracks and analyzes employee compensation. For firms with multiple businesses under a single-umbrella company, there's a useful new consolidation feature that combines and summarizes financials (balance sheets, income statements, budgets and more. According to Sage 50 Peachtree's press materials, its Complete and Premium Accounting editions support companies with up to 50 employees.

Some Things New

While there are no new must-haves, Sage 50 HK Peachtree Premium Accounting comes with some useful new features. As mentioned earlier, company consolidation tools offer a competent means to combine and summarize business units. The helpful employee compensation module tracks pay information, raises, withholding information and more to analyze labor expenses. New budgeting tools let businesses set up and maintain budgets for up to three years and compare actual performance against planned expenses.

The bulk of the remaining new features consist of fine-tuning to the interface. You can now create your own toolbar a plus for power users and there's automatic spell checking and more intuitive reconciliation and range filtering. Global changes now affect settings throughout the program. Finally, you can e-mail forms such as invoices, sales orders, credit memos and more from within the program, which is a convenience.

Vendor Aging
If you enter vendor invoices, Sage 50 will compute and track aging for payables, even for cash basis companies. This includes automatically tracking discounts for timely payment. For purchases, you can select a batch of bills to pay, based on due date, discount date, and other criteria. In addition, you can use the Collection Manager and Payment Manager to analyze receivables and payables, and to generate collection letters (Collection Manager) or select bills to pay (Payment Manager).

Purchases/Receive Inventory
This window allows you to either enter vendor purchase invoices or receive inventory for purchase orders.
:: Apply to Purchase Order tab: When you select a vendor who has open purchase orders, Sage 50 Peachtree displays the this tab,
allowing you to select which purchase order to receive items against.
:: Apply to Purchases tab: If you select a vendor with no open purchase orders, by default Sage 50 Peachtree displays this tab, where you
can enter a purchase that did not originate on a purchase order. In addition, if items were included on the purchase invoice that
are not included on the purchase order, you can add them here.