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CBA Green Bar
Resources > CBA Blog

Welcome to the CBA Blog!

The CBA Blog brings you tips, tricks, updates and general information for users of Peachtree & Sage 50 Accounting Software.

What's New in Sage 50 2020?

6
4/6/2020

Below is a summary of the feature enhancements to the Sage 50 2020 product:

2020.0 Release

·      New and expanded data entry fields

o   Billing and mailing address from 30 to 50 characters

o   Deposit ticket ID’s to 20 characters

o   Item Type to 20 characters

o   Vendor notes now available – 255 characters

·        Additional payroll withholding fields

o   For new paid family leave legislation – require added formulas – special 1 and 2 now have special 3, 4 and 5

o   Tax bulleting – Sage 50 Payroll Solutions folder – Tax Service Bulletin file

·        Ability to email sales forms to additional customer contacts

o   Can now select to email a secondary contact from a drop down list

o   Available for quotes, SO’s, Proposals, Invoices, Receipts and CR memos

o   Only available on task windows and NOT when batch printing / emailing

·        New in-product messaging

o   Stored in the Sage message center – added a “Bell” inbox icon

·        Upgraded database engine

o   Pervasive PSQL Workgroup Database Engine upgraded to Actian Zen version 13

§  Improves performance in some database operations

§  Includes the latest security countermeasures to protect your data

§  Helps ensure compatibility with the latest Windows updates

§  Installs silently and functions in the same manner as Pervasive did

§  You CAN run releases 2019 and 2020 on the same computer using Actian Zen database engine for 2019, instead of Pervasive

§  2018 and earlier will NOT operate properly if 2020 is installed on the same computer

§  You may not be able to run Sage 50 on a computer that runs other software using Actian Zen or Pervasive PSQL, as possible conflicts may occur

§  Due to the database changes the Data Conversion Wizard will need to be ran to convert your company data to release 2020.0 format

·        Run the conversion on the server before trying to access your data on a workstation

·        2020 version can only convert databases that are in version 2014 or newer

2020.1 Release

·        New payroll tax law compliance and improvements

o   Employees hired on or after 1/1/2020 will be required to complete a revised W-4 form

o   Redesigned to comply with the 2017 Tax Cuts & Jobs Act

o   Employees hired before 2020 are NOT required to submit a new form because of the redesign

o   Employees hired prior to 2020 will need to use the new form if they want to adjust their withholdings

o   Changes were made on the Employees Withholding tab to accommodate the changes to the W-4 form

o   In previous version entering “99” in the Allowances field would effectively make the Employee’s status “Exempt” from federal withholding during payroll – for employee’s hired in 2020 or later you’ll need to enter “99,000” or greater in the Line 4b – Deductions Annual Amt field to effectively stop calculating federal withholding for the employee

o   Include amounts entered on Line 4 of the W-4 Multiple Jobs Worksheet in the “Addl Withholding” field as POSITIVE values and check the “Multiple Jobs” box

o   When upgrading to 2020.1 the “Employee Usses W-4 prior to 2020” box will be automatically checked for existing employees

o   The new tax formulas that calculate payroll are scheduled to be released with the January 2020 Tax Service in late December 2019

o   Payroll reports, such as the ax Liability Report will use the new tax formulas and values entered in the new withholding fields to calculate

o   When released by the IRS, a printable version of the redesigned W-4 will be made available in the Aatrix Payroll Tax Form selector

·        Improved 1099 eFiling process – you can eFile 1099-MISC and 1099-DIV forms

o   Previous steps:

§  Export a 1099 report and import the data into the Aatrix 1099 Preparer

§  Completing a data mapping process

§  Merging payments made to the same vendor into one filing record

§  If you needed to process many vendor 1099s the steps were time consuming and complicated

o   New steps:

§  Open the Aatrix 1099-MISC form and walk through the wizard to print and eFile your 1096 and 1099 forms – this requires an Aatrix eFile subscription

o   The following must be met to print and eFile 1099’s:

§  A 1099 Type must be defined within each vendor record

§  Payments must be posted to G/L accounts configured for 1099 reporting

§  Payments made to a vendor must meet or exceed lower limits

§  The payroll year in which 1099s will be printed must be open

o   Steps to submit your eFile information to Aatrix during this process include:

§  Login in to Aatrix with your User ID and Password

§  Verify your enrollment information

§  Review payment details and credit card information

§  Select desired 1099 submission dates

§  Verify your mailing address

§  Confirm and submit your 1099 information for processing

·        New Aatrix Human Resource Forms & Compliance

o   Select from Reports & Forms -> Forms -> Human Resource Forms and they launch like the payroll tax forms do but an eFile subscription is required

o   After an initial setup wizard a list of packets and individual forms will display (over 80 of them)

§  Packets contain groups of forms for events such as Pre-Hire, New Hire, Probation and Termination

o   You can populate the forms and packets by selecting an employee from the drop down list

o   Packets and forms are customizable but you can NOT add a new data field from Sage or an empty data-entry field

o   History tab displays previously edited and printed forms

o   If alerts are enabled during setup, the Alerts tab will list employees that have been recently added to your employee list, have completed their probationary period, or have been terminated

o   You can then print out the appropriate forms packet and make sure the proper paperwork is submitted and/or filed on time

o   There is also an Employee Manual that can be customized in Word

·        And more!

o   In-product messaging about new features and the value of connected services and the Sage 50 Cloud

o   Golden badges next to a menu item indicate there are new features

o   Cloud & Mobile area is being converted to Apps & Services – this is where you can access:

§  Microsoft Office 365

§  Cloud Backup

§  Sage Bank Feeds

§  Sage Drive

§  Paya

§  Invoice Payments

o   There’s a “Visit” link to access the Sage US marketplace in order to find additional add-on apps

o   Mobile Invoicing setup is on the main file menu

o   California Consumer Privacy Act (CCPA) was enacted on June 2018 and becomes effective January 2020 (with 12-month look back period)

o   The CCPA applies to all for-profit businesses doing business in CA, that collect CA consumers’ personal information, or companies which have such information collected on their behalf

o   The CCPA sets out the responsibilities of businesses in relation to:

§  The transparency under which they must operate with regard to personal information

§  The rights they must give CA consumers and households with regard to their personal information

o   Sage U has training courses on the CCPA- live and eLearning

 2020.2 Release

·        New attachments functionality

o   You can drag and drop attachments into the Attachments window – you CAN drag multiple files at a time

o   Functionality will NOT work if you open Sage 50 in the “Run as Administrator” mode

o   List views now have an “Attachments” column to see which records have attachments linked to them

§  List windows currently supporting this feature include:

·        Customers

·        Sales Invoices

·        Purchase Orders

·        Purchase Invoices

·        Payments

·        New default cash account option for receipts

o   By default Receive Money remembers the last cash account selected

o   A new default “cash account” can be enabled and selected on the Customer Defaults -> Terms and Credit tab

§  This does NOT override the custom Cash account selected on the Maintain Customers -> Payment & Credit tab

·        Expanded Invoice Number fields on Payments and Receive Money task windows

o   Previously expanded the field size on Purchase Invoices and Sales Invoices

o   Newly expanded fields – Payments and Receive Money columns that display the longer invoice reference fields

·        New Inbox Notification Panel

o   Inbox icon on the main screen located next to the system date will now show if there are messages

o   When you click the icon it will dock a “Feed” screen showing the messages

·        Updated navigation center and access points

o   You can now access the new HR forms added in 2020.1 from the Employees & Payroll Tasks window under the “Forms” icon

o   The “Cloud & Mobile” area in the navigation center (left pane) has been renamed to “Apps & Services” – the “Apps & Services” area now has the following:

§  Connects to online features such as Office365, Sage Drive and Sage Bank Feeds

§  You can link to the Sage Marketplace to find other apps (add-ons) such as Avalara Sales Tax mgmt. and Credit  Hound Collections Mgmt

·        And there is still more!

o   Microsoft has discontinued support for Windows 7 as of January 14th, 2020

§  It is recommended to upgrade your system to a supported version of Microsoft Window before installing Sage 50, such as Windows 10

§  Beginning with release 2020.2, Sage 50 will display a warning message when installing on a Windows 7 computer

§  Although you CAN currently install Sage 50 Release 2020.2 and earlier on a Windows 7 system, some features may NOT function properly

§  Future new functionality will NOT be tested on Windows 7 and future updates can NOT be guaranteed to install

If you have questions or would like to purchase the Sage 50cloud or perpetual license 2020 product contact us at 1.800.339.8224.

By Tim Hambsch
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October (3)
•Don’t be Spooked by Year End... Be Prepared!
•Seven Reasons to Outsource Your Bookkeeping
•Analysis Paralysis
August (3)
•Sage 50 Business Accounting Software In Panama
•Sage 50 Business Accounting Software In Texas
•Using “Job” Costing Creatively in Sage 50
July (3)
•Sage 50 Business Accounting Software In Illinois
•Sage 50 Business Accounting Software In California
•Sage 50 Business Accounting Software In Florida
May (1)
•Where’s my Company Data?
April (3)
•IMPORTANT: Correct Business Care Renewal Pricing
•Sage 50 Intelligence Reporting
•Sage 50 2014 Released and Installed!!
March (1)
•WHAT’S NEW IN SAGE 50 2014
February (2)
•Renew your Expired Peachtree Quantum Now!
•Sage 50 Windows 8 Compatibility Update
January (2)
•New Year’s is Over ... Now What??
•Sage 50 Business Accounting Software In New Jersey

 2012
October (1)
•It’s ALL About Cash Flow!
September (2)
•Sage 50 Business Accounting Software In Louisiana
•How to Use Memorized Transactions
August (1)
•Sage 50 2013 Installation Tips
July (1)
•Custom Forms (Quotes, Invoices, PO’s, etc) are Slow to Print
June (1)
•Business Intelligence Inventory Report Missing in Sage 50 2013??
May (1)
•How can I easily compare monthly sales year over year for a specific item?
April (3)
•How can I put a Disclaimer on a Sales Invoice?
•Which Sage 50 "Flavor" is Right for Your Business?
•Sage 50 (formerly Peachtree) 2013 Early Bird Savings!!!
March (10)
•Sage Peachtree’s New Sage 50 U.S. Edition Names
•BI Report to Run 32 Financial Reports at Once
•April 2012 Sage Peachtree Payroll Solutions Update
•What Do Quote Approval and AR Collections Processes Have in Common?
•How to Add Your GL Account Numbers to your Financial Statements
•When asked if team, product or market is most important?
•MISys Manufacturing Service Pack v5.0.0.5 Released
•Can you Save 20% on your Credit Card Processing Fees?
•4.2% Employee SS Tax Withholding Rate Extended
•The Risk of Changing Last Year’s Accounting Data
February (1)
•Turn your Cell Phone into a Mobile Payments Device
January (1)
•Sage Peachtree is Going Away in 2012??


Tag Cloud
  • Intelligence reporting
  • Sage 50 business intelligence
  • Sage 50 intelligence reporting
  • Sage 50 training
  • Peachtree custom reports
  • Crystal reports
  • Sage 50 custom reports
  • Peachtree custom reporting
  • Sage 50 quantum
  • Sage intelligence reports
  • Sage 50 job reporting
  • Sage 50 2017
  • Sage 50 intelligence reports
  • Sage 50 inventory
  • Peachtree training
  • Sage 50 premium
  • Sage 50 report training
  • Peachtree reports
  • Sage 50 cloud
  • Sage 50 complete



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