To address this change in business processes, a new cash receipts import entity has been added to the Maintain Import Job task in Data Import Manager for Sage 5.

Increased use of electronic funds transfers, lock boxes, third party Web pages, and alternative collection methods can make the manual entry and application of customer payments cumbersome. Sage 5 adds top customer-requested enhancements including the ability to easily import pending cash receipts the ability to track miscellaneous cash receipts in Accounts Receivable and an easy to use Bank Reconciliation screen. With Sage 5, the new Print ACH Remittance task provides the required documentation in a familiar and easy to use format. But for confirmation and audit purposes, many organizations want to print a hard copy advice listing the items paid. The ACH Remittance capability in Sage 500 ERP allows you to send payments to vendors electronically, saving the cost of paper checks and mailing. Enhancements include expanded capabilities for ACH remittances, new and more efficient ways to manage cash receipts, easier bank reconciliation, and better control over posting at period end. Sage 5 includes many user-requested enhancements that will benefit accounting and finance users. In this introductory post we focus on capabilities for accounting and finance and enhancements to Credit Card Processing. The new features span many areas, so most users within a typical ERP organization will experience the benefits of increased usability and efficiency. The release is packed with capabilities that deliver value. Sage 5 is scheduled for release this fall.

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