The second product update (2020.2) for Sage 300 2020 was released in April. Here’s a look at what’s new including bank feeds that make it easier to reconcile your Sage 300 ledgers, simplified tax-related postings to the G/L, and improvements to several web screens in Sage 300cloud.
With the new Bank Feeds functionality, you can easily connect Sage 300 electronically with your bank to download transactions. Not only will you save tons of time and reduce potential errors, Bank Feeds will also simplify your bank reconciliation process and ensure your accounts are up to date. Simply download transactions from your bank and match them up with your existing data in Sage 300. Sage 300 bank feeds include support for over 80 financial institutions in Canada, and more than 10,000 banks in the U.S.
Product Update 2 includes enhancements to the following web screens in Sage 300cloud:
Company Colors - If you use Sage 300 to manage multiple companies, you can assign a unique color to each company to make it easier to see which company's information you are viewing and avoid data entry errors. Previously, company colors appeared only in classic screens.
Long Comments for Order Details - For order details on the O/E Order Entry screen, you now enter information in the Comments/Instructions field in a box instead of a table. This allows you to enter long comments without splitting them into multiple rows in a table.
Specify BOM Numbers on Order Details - On the O/E Order Entry screen, when entering an order detail for a Bill of Material (BOM), you can now specify a BOM number in the Kit/BOM field.
General Ledger in now integrated with Tax Services so you can enter tax amounts in G/L journal entries. The tax amounts are posted to Tax Services so they appear in the Tax Tracking report. In addition, you can now print Canadian T5018 (CPRS) forms on plain paper. Previously, you could only to official CPRS forms.
Check out the Sage 300 2020.2 Release Notes for more detail and be sure to contact us if you have questions or need help with an upgrade.
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