Eagle Consulting Group Joins Net@Work

Eagle Consulting Group Has Merged With Net@Work, A Top Worldwide Sage Software Business Partner.

The Eagle team will continue to work with you and support your Sage MAS and CRM installations. We remain committed to your IT and business needs - rest assured that the voices and faces you've come to know and trust will still be there to take your calls.

This is a big win our valued customers. With our combined teams we can now offer you expanded services and support, providing a true advisor for all your IT initiatives.

Visit us at www.netatwork.com

NYC
Phone: 212-997-5200
575 Eighth Avenue (corner of 38th st.) New York, NY 10018

NJ
Phone: 201-735-9560
29J Commerce Way Totowa, NJ 07512

» View Message from Debra Ellis, President, Eagle Consulting

» View Official News Release

Eagle Consulting is now part of Net@Work, a leading Sage MAS 500 VAR Headquarted in NY with offices nationwide.

Please call 212-997-5200 or click here For MAS 500 Support, Sales, Consulting in New York, New Jersey, Connecticut, North Carolina, and Texas


Sage MAS 500 Multicurrency Management
Sage MAS 500 Multicurrency Management provides a comprehensive, efficient solution for managing multiple currencies and increasing tracking accuracy. It provides automatic posting of realized gains and losses due to currency rate fluctuations. Multicurrency Manager users can set up an unlimited number of exchange rate schedules for maximized flexibility. The extensive use of mouse point-and-click selections eliminates unnecessary keystrokes. With complete integration across the suite of Sage MAS 500 module, staff productivity is maximized.
Quick Links
Screen Shots Activities Reports Examples Setup
Utilities Integration
Operational Flexibility
Maintain exchange rates Use Maintain Exchange Rates to create and maintain exchange rate schedules. The hierarchical display of exchange rate schedules, source currencies, target currencies, and exchange rates assists creation and modification of exchange rates. Exchange rate schedules can: contain exchange rates for any number of currencies, apply to all companies or be company-specific, apply to all customers or be customer-specific, and apply to all vendors or be vendor-specific Flexible exchange rate schedules You can create an unlimited number of exchange rate schedules. This allows you to select specific exchange rates during transaction entry. You can write general exchange rates that can be shared by customers or vendors. You can also create schedules that are global to all companies, specific to a company, or specific to a customer or vendor.
Effective and expiration Dates Maintain both an effective and expiration date for each exchange rate schedule. Flexible exchange rate maintenance You can update exchange rates daily from the source currency to the target currency, with the provision to maintain a current or spot rate.
Customized schedules You can set up standard exchange rates for the sell rate and for the buy rate that you can define for a company. You can also designate any other schedules as belonging to an individual company.
Set Up
Multi-year history retention Historical and transactional storage of currency exchange rates allow insight into year-to-year comparisons, trends, and analysis. You can specify the fiscal year to use for printing Multicurreny Management reports. Set up currencies Use Set Up Currencies to maintain the home and natural currency information. This information includes the symbols used to display the monetary values and General Ledger’s gain and loss accounts associated with the currency.
Activites
Revalue AP, AR, and GL The revaluation tasks, Revalue AP, Revalue AR, and Revalue GL, enable you to revalue natural currency accounts and transactions. You can use these tasks to determine the actual transaction amounts and account values as of a certain date. Detail revaluation You can revalue Accounts Receivable and Accounts Payable transactions by revaluing each individual invoice and voucher. An automatic reversal occurs in the next fiscal period. The revaluation process produces an audit report that can be used to reconcile Accounts Receivable or Accounts Payable accounts to General Ledger accounts.
Summary revaluation Sage MAS 500 also performs a General Ledger revaluation process at the account level to record unrealized gains and losses with an automatic reversal that occurs in the next fiscal period. Process batches quickly and easily You enter all transactions, such as Accounts Receivable, Accounts Payable, and General Ledger revaluations in batches. You can restrict users from overriding batch entry information or making changes to established settings.
Cross-rate derivation You can derive cross rates. For example, assume your Australian sales office has purchased goods from Hong Kong. Even though you do not maintain an exchange rate schedule between the Australian dollar and the Hong Kong dollar, with the Multicurrency Management module you can resolve the settlement amount if you maintain a home currency schedule with each of the currencies involved. Recognize gains and losses Using the exchange rate schedules, Sage MAS 500 records gains and losses due to fluctuations in currency rates. You can specify General Ledger accounts for unrealized and realized gains and losses, and revaluation gains and losses for each currency.
Allow exchange rate overrides If you allow exchange rate overrides, you can edit the exchange rates used in transactions such as vouchers and invoices. Otherwise, the exchange rate is fixed at the rate specified in the schedule assigned to the transaction. Detail/Summary options to AP If you select Detail as the Accounts Payable revaluation method, each voucher is revalued individually when you run AP Revaluation. If you select Summary, the accounts that are identified as Accounts Payable accounts in Maintain Vendor Class are revalued when you run GL Revaluation. If you select None, no revaluation is performed.
Detail/Summary options to AR If you select Detail as the Accounts Receivable revaluation method, each invoice is revalued individually when you run AR Revaluation. If you select Summary, the accounts that are identified as Accounts Receivable accounts in Maintain Customer Class are revalued when you run GL Revaluation. If you select None, no revaluation is performed.
Screen Shots
Schedule Properties
Set Up MC Options
Customize Batches
Revalue AP
Edit AP Revaluation
Revalue AR
Edit AR Revaluation
Revalue GL
Currency Conversion in AR
Currency Conversion in AP
Purge MC Data
Useful Utilities
Purge MC Data
Use this task to remove Multicurrency Management data, specifically, exchange rate information that is no longer needed. You specify the type of schedules from which you want to purge data and/or specify a range of schedules from which to purge data.
Integration With Other Sage MAS 500 Modules
You can use Multicurrency Management with General Ledger only or integrated with additional modules. In an integrated system, modules share common information with related modules. This sharing eliminates double entry of information that is already stored in Sage MAS 500. The modules that can be integrated with Multicurrency
Management are: General Ledger (required), Accounts Receivable, Accounts Payable, Cash Management, Sales Order, Purchase Order, and Advanced Consolidations.

General Ledger
The integration of General Ledger with Multicurrency Management makes the following options available in Multicurrency Management: General Ledger gain and loss accounts, Posting to General Ledger, Revaluing General Ledger, and Running a trial balance for accounts.

Accounts Receivable
If you integrate Multicurrency Management with Accounts Receivable, the following options become available in Accounts Receivable: Multiple currencies, Exchange rate override, Revaluing Accounts Receivable, Running a trial balance for customers, Aging receivables, and Currency cross-rate deviation.

Accounts Payable
If you integrate Multicurrency Management with Accounts Payable, the following options become available in Accounts Payable: Multiple currencies, Exchange rate override, Revaluing Accounts Payable, Running a trial balance for vendors, Aging payables, and Currency cross-rate deviation.

Cash Management
If you integrate Multicurrency Management with Cash Management, the following options become available in Cash Management: Multiple currencies, Default exchange rate, Exchange rate override, and Currency cross-rate derivation.

Sales Order
If you integrate Multicurrency Management with Sales Order, the following options become available in Sales Order: Multiple currencies, Exchange rate override, and Currency cross-rate derivation.

Purchase Order
If you integrate Multicurrency Management with Purchase Order, the following options become available in Purchase Order: Multiple currencies, Exchange rate override, and Currency cross-rate derivation.

Advanced Consolidations
If you integrate Multicurrency Management with Advanced Consolidations, the following options and restrictions apply in Advanced Consolidations: Requirements, Multiple currencies, Currency translations and posting, Exchange rate override, and Currency cross-rate derivation.

Reports

(212) 997-5200

Sage Software Select Partner in New York City and the Tri-State Area for
Sage MAS 90, Sage MAS 200 and Sage MAS 500 accounting software

575 Eight Ave. 10th Floor | New York, NY 10018

(212) 997-2484 fax

site map | home

Sage Software, the Sage Software logos, and the Sage Software product and service names mentioned herein are registered trademarks or trademarks of Sage Software, Inc., or its affiliated entities. All other trademarks are property of their respective owners.

Visit Net@Work for Sage MAS 500, MAS 90, MAS 200, ACCPAC, SALESLOGIX, SAGECRM, SAGE ABRA HR, services in New York NY, New Jersey NJ, Texas TX, Connecitcut CT, North Carolina NC Boston, MA