Transaction Manager for Sage 50 Service

Transaction Manager for Sage 50 Service is a powerful tool that helps promote and manage your business’s transactions. It allows you to manage all aspects of your business, including sales, invoicing, and more. With Transaction Manager for Sage 50 Service, you can automate your transactions so that you can focus on what’s important: running your business. Plus, it provides valuable reports that help you keep track of your performance

Sage continues to rule the roost when it comes to the difference being on the lookout for one of the best finance-based software. This is one comprehensive platform of sorts that has been designed to take care of all your financial and accounting needs for the ‘more than sustainable’ needs and requirements of small to big-sized businesses. The Transaction Manager for Sage 50 Service is one such aspect of the software that makes it popular. But what is a transaction manager and how can we use it for the advantage and benefit of our business? Let us get to know a bit more about this feature.

The Transaction Manager in Sage 50

This is a fine feature of the Sage software that has been specifically designed to make it affordable and easy to be able to comply with the needs related to the customer’s EDI. This can be regarded as a comprehensive solution that comprises various aspects like automated sales solution that also includes sales order processing and warehouse fulfilment documents. With the intuitive interface, flexible configuration, and low cost of ownership, one can easily use the Transaction Manager for maximum efficiency and productivity;  not to forget some great customer satisfaction guaranteed.

Some other major features of the Transaction Manager include the capacity to automate daily tasks, which include the likes of creating a sales order and sending an invoice to the relevant customers among others. However, the other unique aspect of the feature includes the ‘Built-in’ process control that allows Unit Pricing, duplicate Purchase order Numbers and also items that are validated before the processing transaction to Sage 100. The best part is that the user is alerted about the Invalid fields that allow helping eliminate the chargebacks from the customer which in turn help in reducing the turnaround time on certain orders. 

Other remarkable aspects of the Transaction Manager also include supporting the advance shipping notice, along with flexible auto-pack options specific to the customer or the item and also the capacity to be able to create innumerable shipping all at once. One can also keep in touch with third-party logistics with the help of the comprehensive Remote Warehouse integrations within the feature. This way you can ensure quick fulfilment of orders and along with fewer errors. One can also sit back and enjoy some leisure time, as this feature is automatic that allows the accomplishment of various tasks automatically at specified times thus allowing reduced efforts and better efficiency.

Read More-: Sage 50 Missing Invoice

How to Check the Sage 50 Accounting Transaction Manager Version

To do so, you will need to

• Navigate to the System where the company data has been stored.
• Go to the folder [ C:\Program Files\winsim\TransactionManager2014 – CDN ]
• Now, right-click on the file Sage_SA.TransactionManager.exe
• Next, select properties.
• This can be done on any computer that has been connected to the company data
• However, make sure that all the systems are of the same version

How to Turn On or Off the Sage 50 Accounting Transaction Manager?

To do so, you will have to:

• Go to the start menu and launch it.
• Now, click on settings 
• Next, click on control panel.
• Click select on the administrative tools. 
• Next click on services 
• It is here that you need to locate and find the Sage 50 Accounting Transaction Manager from the list. 
• Now, right-click on the item
• Now, click on restart.

How to Resolve when the Sage 50 Transaction Manager is not Running as required

In case you encounter this issue, you will need to restart the Sage 50 Accounting Transaction Manager. To do so, you will need to

• Launch the start menu.
• Click select on settings 
• Now click on the control panel
• Click select the Administrative tools
• Select on the services
• It is here that you need to locate the Sage 50 Accounting Transaction Manager from the list.
• Right-click on the required item 
• Click on restart
• You are done.

How to Process a Transaction in Sage 50?

Generally one can process a transaction in Sage 50 from two methods: 

• Through Sales Invoices Screen
• Through Recieve Money Screen

To Process a Transaction through Sales Invoice Screen

To do so, you will need to

• Go to the Task Bar
• Click on customer and sales.
• Now, click on the Sales invoice option. 
• Now click to select view and edit sales invoices.
• Go to the sales invoice list and select the required Invoice. 
• Or one can also directly search for the required Invoice from the search for field and change the search option as required. 
• This will cause the invoice to appear. 
• Now, click on the Amount Paid at sale link located at the bottom of the screen. 
• This will cause the Recieve Money screen to be launched.
  • One needs to bear in mind that the Deposit Ticket ID field is not necessary when one needs to process a Credit card transaction.
  • The Reference Number field is required. Here the user can easily select any letter/number combination that they desire
  • One can also select the payment method by clicking on the down-arrow key and selecting the required option.
  • Here, the Credit card Payment comprises two options:
    • General Ledger comprises the Record option that is responsible for posting the transactions.
    • The Process option charges the Credit Card and also posts the Transaction within General Ledger. Also, one needs to use this option when processing the Credit Card translation as well.
• The Sage Exchange option will appear once the process button has been selected. Here you will need to enter the Card number, the Expiration date, CVV code, all from the customer’s Credit Card. 
• Now, click on next.
• This will launch the Billing Information screen. It is inthis billing address that the Credit Card statement is sent. This might not be the same as the customer information. From this information, one can also make any changes to the billing address if required. One can also enter the billing address within the Payment & Credit tab, within the customer’s profile. 
• Once done, click on the submit option.
• This will initiate the transaction process and an authorised screen will appear.
• It is here that one can ‘state’ a comment that can only be viewed by the Merchant, as this will not print on the receipt. 
• Click on the Print option if you need to print the receipt. 
• Click on ok to close the option

You may also Read-: Sage 50 Invoice Not Posted

How to Process the Transaction from Recieve Money Screen

To do so, you will need to:

• Go to the customer’s & sales tasks menu
• From here, you need to select the Recieve Money option.
• Click select the Recieve Money from customer option. 
• This will launch the Recieve Money window. This is much similar to the sales invoice window but comprises two distinct features: Apply to Invoices and Apply to Revenues. 
• The main feature of the Apply to Invoices option is to populate any open Invoices for the required customer. 
• This is done by selecting the invoices to be paid by click-ticking on the Pay box located to the right of the invoice row. 
• One can also enter another amount within the Amount Paid field. This will automatically cause to populate the Receipt Amount field. 
• One can enter the transaction within the apply to revenues feature to be able to enter those transactions that are not to be applied to invoices. The amount within this section will automatically be able to populate the Receipt Amount field. 
• Within the Recieve Money screen:
  • One does not require the Deposit Ticket ID field when processing the credit card transaction.
  • The Reference field is an important and required field. Any letter or number can be selected by the merchant to use for the same. 
  • The Receipt number field is a required field and is capable of automatically populating whether to apply the invoices or apply to the revenue section once completed. 
  • One can also select the Payment method by selecting the Down-arrow key and clicking on the required option. 
  • One can select from two of the credit card option available:
    • One can post the transaction in the General ledger with the record option
    • One can charge the credit card and post the transaction within General Ledger with the help of the process option. One needs to use this same option when processing a credit card transaction.
• One can launch the Sage exchange Desktop with the process option that needs to be selected. This is where you need to enter the card number, CVV code, and expiration date from the customer’s information. 
• Now, click on the nexy option. 
• Next, the Billing screen will be launched. This is where the credit card statement is sent. This might not be the same as the customer information. From here the change in the billing address can be done. One can also do the same within the Payment and the credit option within the customer’s profile. click submit, once done. 
• Once, the previous step is done, the user will be directed to the authorised screen. From here the user can state any comment that can only be visible to the Merchant. However, this will not be able to print on the receipt.
• To be able to print the receipt, you need to click on the Print option. 
• Click on ok to shut down the receipt section.
• Once the ok option has been selected on the receipt window, the recieve money window will be launched. From here, you need to click on the save option to save the record. 
• Next, click on the close option to exit the module.

How Does One Ungroup the Bank Transactions within the Bank Activity and Transactions?

There is a mild glitch in the working of the Sage software. It tends to group the Bank Payment and Bank Receipt transactions together ‘by default’ if they comprise the same reference and date. However, this can be avoided all the same, with a few steps to take care of the same. It is necessary to be able to resolve the above issue as it can pose a problem when it comes to the Bank Reconciliation process. The settings can be changed in the following way:

To ungroup the Bank Transactions in Bank Activity and Transactions

• Go to the Settings
• Go to the Bank Defaults
• Now, clear the Group Bank Transactions

One needs to bear in mind that this is not a retrospective change. In case the check box has been clicked ticked before the transactions were posted, then the transactions are grouped likewise. However, if the posted transactions are ungrouped, then selecting the ‘checked boxes’ will not group them later.

To Ungroup the Items within the Bank Reconciliations

• Navigate over to the settings
• Click on Bank defaults
• Clear the group items in the Bank Rec

One can easily group or regroup the transitions at any point in time by selecting or clearing this box. Also, the transactions that are not grouped in the Audit Trial can yet be re-grouped in the Bank Reconciliation Window. 

You can easily notice the grouped transactions in the Grouped Column, of the Bank Reconciliation Window by a ‘Y’. Hence, this can be checked rather quickly. In case the items in the bank reconciliations have been still grouped when the check box has not been selected, then the transactions might have been grouped via the Group Bank Transactions tick box option.

Also Read -: Transactions Missing from Account Reconciliation in Sage 50

Conclusion

So, there you have it, people, these are the facts, features and other important aspects related to the Transaction Manager for Sage 50 Service. However, in case you need any more information about the same, be free to reach out to 1800 964 3096 our team of experts and we will be more than happy to help you out with the same.

💠Frequently Asked Questions💠