Profit and loss and balance sheet reports from your Sage 50 data, in whatever layout you want them, produced the same way every period.
Sage 50 will give you a profit and loss and a balance sheet, in the shape Sage 50 gives them to you. That is fine until somebody wants them arranged differently — and somebody always does.
A board pack, a management accounts pack, a lender's covenant schedule and a parent company's reporting template are four different arrangements of the same underlying figures. The standard answer is to export to Excel and rebuild the layout by hand, every month, forever. It works, and it costs a couple of days of your finance team's time each period, and the definitions end up living in one person's spreadsheet where nobody else can see them.
PS50REP is our reporting tool for Sage 50. It reports profit and loss and balance sheet in any layout you like, from your Sage 50 data, as often as you want it.
PS50REP reads from Sage 50. Your ledger is untouched and Sage 50 stays the system of record — which also means there is nothing to unpick if you stop using it.
Profit and loss and balance sheet arranged the way your business reads them, not the way the standard report happens to be built.
Defined once and produced again each period, so the month end stops depending on somebody rebuilding a spreadsheet from memory.
More than one Sage 50 company reported on the same basis, which is the prerequisite for any sort of group view.
How each figure is arrived at lives in the tool rather than in a formula somebody wrote in 2014 and never explained.
The version of this problem we see most often is a UK company inside an international group. Sage 50 runs the UK books perfectly well, and then a parent company somewhere else needs the numbers in its own format, on its own timetable, every month.
We have used our reporting work to feed a global head office with data for consolidated group accounts — extracting from Sage 50 and delivering the figures in the shape the parent requires, so the reworking does not happen at either end by hand.
Where the extraction needs to run unattended and on a schedule, it uses our Sage 50 bridge service, the same component that sits under our other integration work.
Month end depends on one person being available.
The board pack is rebuilt by hand every period.
Head office asks a question and the answer takes two days.
Two people produce the same figure differently and nobody can say which is right.
Not in an arbitrary layout, no. Sage 50's financial reports come in the shape the product gives you. PS50REP is our reporting tool for Sage 50 and it produces profit and loss and balance sheet reports in whatever layout you want.
Because different audiences want the same numbers arranged differently. A board pack, a lender's covenant schedule, a management accounts pack and a group reporting template are four different shapes of the same data. Rebuilding each one by hand in a spreadsheet every month is where the time and the errors come from.
Yes, and that is usually the reason a group asks for it. Several companies extracted on the same basis is what makes any kind of consolidation possible.
Yes. We have used it to feed a global head office with data for consolidated group accounts, so the UK numbers arrive in the shape the parent needs rather than being reworked at the other end.
No. It reads from Sage 50. Your ledger is untouched and Sage 50 remains the system of record.
Tell us what Sage 50 will not do for you and what you are working around today. We will tell you honestly whether it needs bespoke development, a change of process, or nothing at all. We are based in Horsham, West Sussex, and we work with Sage 50 clients across the UK.
Telephone: +44 (0)1293 562730
Email: sales@powersoft-services.co.uk
We can supply Sage 50 if you want us to, but we do not depend on it. No licence revenue means no reason to recommend an upgrade you do not need.