x Want to participate? Join the group to interact
Options
  • State Suggested Answer
  • Replies 1 reply
  • Answers 1 answer
  • Subscribers 55 subscribers
  • Views 77 views
  • Users 0 members are here
Browse Forums
Announcements
764
topics
17
replies
Financial year end
78
topics
179
replies
General Discussion UK
7k
topics
19k
replies
General Discussion Ireland
176
topics
312
replies
Install your software
139
topics
378
replies
Making Tax Digital
286
topics
692
replies
Manage your VAT
151
topics
324
replies
Protect and repair your data
45
topics
138
replies
Run your accounts remotely
86
topics
198
replies
Working with the bank
116
topics
294
replies
SueB

Moving back to Sage

SUGGESTED
Posted By

HI

We've been on Sage since it was a dos program years ago.  Became part of a group who then ran our accounts for 6 months on their in-house system.  Now there's a management buyout and we want to return to Sage for the 2 companies that have been bought out (ours and another one which was also on Sage previously!).  As the 2 companies are now part of the same group, would it be best to run them on one multi-company licence or keep them on their separate licences?  Any particular choice that would be most beneficial?  Also, when we add the new opening balances, there will be slight changes in customers and stock BOM's from the past 6 months, so is there a way of adding the new info without overwriting the original data?  Is it just a case of importing all the new info on a spreadsheet using the import function?  I thought I was pretty knowledgeable on Sage but this is a new one on me!  Thanks in advance for any advice. SueB

  • 0
    SUGGESTED

    Hi SueB,

    Thanks for using Community Hub.

    The software licence would dictate that if you wanted to keep two separate companies you would need to install on two separate computers. From a practicality point of view I think a multi-company licence would be better, this would give easier access / swapping between companies. There may also be a cost saving as well. When the time comes, you can discuss this in more depth with our Customer Services team on  0191 479 5955 > option 2 > option 2.

    With opening balances you'll need to decide on the last date of your other software and a start date when you want to start using Sage 50 Accounts, select the appropriate Financial year based on that and then run a Trial Balance up until the last day of processing in your old system and use these figures to enter your opening balances for the same date in your new system. Entering opening balances >

    Customer records and stock records can be imported into Sage 50 Accounts but you cannot import the BOM information, that will need to be entered manually. You can only have one BOM structure for the product record at one time. Data import >

    If that helps, please click Verify Answer.

    Regards,

    Andy
    Sage UKI


*Community Hub is the new name for Sage City