Sage upgrades online accounting software

SAGE, the accounting software and services provider, has upgraded its online product with the launch of Sage One Accounts Extra.

The updated software includes new reporting and cashflow forecasting tools, more sophisticated controls for automated bank reconciliations and upgraded international trading capabilities. These upgrades will allow users to record transactions in multiple currencies, calculate exchange values and VAT transactions with non-UK based businesses.

The FTSE 100 company launched Sage One in January 2011. However, at the time it was revealed by Accountancy Age that Sage’s traditional on-premise software could not be transferred to the new system automatically and would need to be done manually. A spokesperson at the time said the company was working on changing that in the future.

Sage One Accounts Extra can now receive exported data from the on-premise software, although it cannot be sent “en-masse” and must be done in sections. A Sage spokeswoman told Accountancy Age that functionality to export the data will be “definitely” follow although they are unable to give any time-frame.

This new Sage One Accounts Extra allows users to upload contacts and other data so that it does not have to be done manually.

According to Sage, the new software will give more accessibility and control to users by controlling who can manage payments and receipts and provide a clear, real-time view of payroll, cash flow, profits, balance sheets and projections.

“Sage One Accounts Extra has been designed to give our users more power and control across the board; which in turn gives them the freedom, confidence, and peace of mind to focus on growing their business,” said Simon Hodgkins, head of Sage One UK and Ireland.

Sage One Cashbook costs £5 per month; Sage One Accounts £10 per month; and this new addition to Sage One Accounts Extra is £25 per month. The Accountants Edition is free to accountants and bookkeepers.