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Sage MAS 500

Sage

Sage MAS 500 ERP is a reliable and robust series of business management applications that provide comprehensive functionality for companies with 20 to 1,000 employees.

 



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VAR2's Not-For-profit Accounts Payable Enhancement for MAS 500

Key Features

  • Creates GL postings balanced by account segments for vouchers and check batches created in Accounts Payable
  • The balancing by account segment feature is set by company within the same database, allowing for added flexibility
  • Supports inter-company transactions

(Learn more about VAR2's Not-For-Profit AP for MAS 500)

This enhancement is available for the following versions of MAS 500:

  • 7.05
  • 6.30
  • 6.20

VAR2's MAS 500 Enhancement

(Learn more about VAR2's Not-For-Profit AP for MAS 500)

GL Posting Example

An invoice is received from vendor ABC.  The expenses are for different funds, which will need to be coded to different account segments.  For example,
5060-01-01                 30.00
5060-01-02                 50.00
5060-02-04                 20.00

 

Standard MAS 500 Functionality

  • Assuming the Accounts Payable Account for the vendor is 2010-00-00, MAS 500 will post the voucher to GL as follows:

      DR       5060-01-01                   30.00
DR       5060-01-02                   50.00
DR       5060-02-04                   20.00
CR 2010-00-00                         100.00

  • When the voucher is paid, MAS 500 will post the check to GL as follows assuming the Cash Account for the vendor is 1010-00-00:

 

      DR       2010-00-00                   100.00
CR 1010-00-00                         100.00

With the enhancement

  • The voucher will be posted to GL as follows:

      DR       5060-01-01                   30.00
DR       5060-01-02                   50.00
DR       5060-02-04                   20.00
CR 2010-01-01                         30.00
CR 2010-01-02                         50.00
CR 2010-02-04                         20.00

  • The check will be posted to GL as follows:

 

      DR       2010-01-01                   30.00
DR       2010-01-02                   50.00
DR       2010-02-04                   20.00
CR 1010-01-01                         30.00
CR 1010-01-02                         50.00
CR 1010-02-04                         20.00

(Learn more about VAR2's Not-For-Profit AP for MAS 500)