Foreign Currency: How Profit or Loss is calculated on the Foreign Currency Revaluation screen

Foreign Currency: How Profit or Loss is calculated on the Foreign Currency Revaluation screen

Article credit: Sage 

Foreign Currency Revaluation Summary

This article explains how Profit or Loss is calculated on the Foreign Currency Revaluation screen, especially when a second and third revaluation is performed on unallocated foreign currency invoices.

Disclaimer: These articles refer to possible solutions and a platform to share information. Each article describes a method that solved a query (knowledge gathered from previous sites) and how Sage Evolution should operate. These articles make reference to a specific Sage Evolution version, however the thought process can be generalised. Please note the information contained in these articles should be treated as guidelines and adapted to accommodate differences in business processes and IT environments. Articles may not be applicable to all environments. If this article did not resolve your query please contact Kiteview Technologies Support Department on:  (+27) 010 005 6678.

About Us
Kiteview Technologies (Pty) Ltd was founded in May 2010 to provide the Sage Evolution Business Management solution to the SME market. The management team of Kiteview have combined +30 years of experience in the delivery of small to mid-market Financial & Business Management solutions. This experience, combined with a sound project implementation methodology has helped in Kiteview’s growth, becoming a Platinum status partner for SAGE Pastel within just 1 year.

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Proof Of Delivery System (POD) by Asamco

Proof Of Delivery System (POD) by Asamco

Article credit: Sage 

Introduction

A signed proof of delivery note is critical to accelerating payment processes. It goes by various names – but irrespective of what it is called, it must contain the signature of the customer acknowledging and accepting the condition and delivery of the goods. Some organizations will not pay an invoice unless their suppliers provide this proof of delivery.

Further features include auto-emailing of the POD to the customer upon receipt of the goods, including a date stamp, and allows the driver to add a picture or attach a digital signature, all via a phone, a tablet or any android device.

Our POD System not only allows you to do all of the above, but it also seamlessly integrates with multiple ERP Systems. It is hosted on the Asamco Platform which allows you the flexibility to view, access and maintain your records on any device, at any time and from anywhere in the world. 

Features:

• MY TRIPS – Create trips, and assign sales orders and trips to drivers.
• TRIP MANAGEMENT – View, manage and, confirm deliveries.
• DRIVERS – Create and maintain drivers.
• TRUCKS – Create and maintain your fleet.
• DOCUMENT MANAGEMENT – Integrated with Asamco’s DMS – Conveniently manage all your documents relating to delivery from within the App. 

MY TRIPS

ASSIGN / MAINTAIN A TRIP

When you create a trip, you can link and assign a vehicle and driver to a particular Sales Order with all its invoice lines. Sales Orders can either be delivered in full or partially.

The trip creation/maintenance feature provides the functionality to make any necessary changes to the trips you have created view the delivered orders (with date stamp), and print the POD containing the customer’s signature.

My Trips 

TRIP MANAGEMENT

VIEW, MANAGE & CONFIRM DELIVERIES

When a driver logs in they are able to immediately view all deliveries that have been assigned to them. Gain efficiencies, save on fuel, time, and mileage with an automatic link to Google Maps

Upon delivery, the driver will either upload a photo with the client’s signature or alternatively, have the client sign in the App. Upon delivery, the POD can be emailed directly to the client.

On delivery, a driver can attach additional pictures, add comments and indicate missing or broken items.

Trips 

DRIVERS

MAINTAIN DRIVERS

Make drivers’ maintenance records easy to navigate by indicating drivers’ details such as name, identification number, certification and contact information.

This feature allows easy creation of trips by assigning a default truck to a driver.

Improve your customer satisfaction and steer your internal processes by driver/delivery ratings given by customers upon delivery.

Drivers 

TRUCKS

LIST AND MAINTAIN FLEETS

Make vehicle maintenance records easy to navigate by indicating important vehicle details such as make and model, colour, owner’s information, vehicle registration number and next service interval.

Trucks 

DOCUMENT MANAGEMENT

MAINTAIN DOCUMENTS LINKED TO DELIVERIES

Our Document Management System allows you simplified access of your documents from anywhere.

Conveniently manage all your documents relating to delivery from within the App. Set up record types and attach documents

Document Management

 

If you are considering optimizing deliveries with a proof of delivery (POD) system, or have any questions, please email info@kiteview.co.za today and we will be happy to assist you.

 

About Us
Kiteview Technologies (Pty) Ltd was founded in May 2010 to provide the Sage Evolution Business Management solution to the SME market. The management team of Kiteview have combined +30 years of experience in the delivery of small to mid-market Financial & Business Management solutions. This experience, combined with a sound project implementation methodology has helped in Kiteview’s growth, becoming a Platinum status partner for SAGE Pastel within just 1 year.

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The future of finance and the pursuit of foresight

The future of finance and the pursuit of foresight

Article credit: Sage 

Transaction processing. Reporting. Compliance.

A traditional finance wheelhouse primarily concerns itself with these three areas, all of which share a common trait: they focus on things that have already happened.

During a recent webinar, The Future of Finance, hosted by Sage, it was clear that the role of the Chief Financial Officer, and the team that supports that office, is rapidly becoming more strategic and prestigious.

Professor Herman Singh, CEO of Future Advisory, used an aviation analogy to explain the new demands on the finance function.

“Every business needs a flight plan and must regularly test its parameters. And if the aircraft deviates from the plan, the CFO must be able to adjust course.”

Getting everyone on board

Attendees were asked in a survey to choose which option best described what the ‘future of finance’ meant to them. The majority ticked the ‘smart combination of people and technology’ box.

Speaking during the webinar, Gerhard Hartman, Vice President of Medium Business for Sage Africa & Middle East, said that, for finance teams to become more strategic, they need to free themselves from the monotony of mundane tasks.

Embracing the likes of artificial intelligence, machine learning, and automation is central to achieving that outcome. But it’s a transition that needs to be handled carefully.

Is there an optimal way to ensure your people embrace technology and their changing responsibilities? Creating and communicating a roadmap of how your business plans to adopt technology is an excellent place to start.

Plot your course

Digital transformation refers to any business function that deploys technology to improve how you do things. It’s a journey that isn’t walked in a night, nor do you need to digitise everything at once. But you should apply your mind as to which tasks and processes would benefit most from digitisation and then create a plan detailing how the transformation will happen.

Some of the critical areas any finance function should focus on include:

  • Use of automation and robotics to streamline finance processes,
  • Data visualisation that gives users access to actionable, real-time insights, and
  • Analytics that support strategic decision-making within the business.

How does this digitisation manifest? It’s a long, exciting list:

  • Financial planning and budgeting functions that are agile, centralised, accessible, and up to date,
  • The automation of report generation and data reconciliations,
  • Easy-to-use dashboards packed with insight for improved decision-making,
  • The ability to collate data from multiple sources for a unified view of financial positioning,
  • Forecasts powered by constantly improving algorithms, and
  • More sophisticated working capital management, to name a few.

As exciting as these prospects are, they are unlikely to run the course of their full potential without a plan in place. As Professor Singh said towards the end of the webinar, “The three most important things in any business are direction, alignment, and commitment.” All three require good planning.

The bigger picture here is that by pledging to digitise your finance function, you’re putting it on course for a higher purpose – your newfound ability to offer strategic direction means you become responsible for shaping the destiny of your business.

 Destination agility

The irony, and conundrum, is that all businesses today must embrace rapid technological progress to keep up with the demands of their consumers when it is often those very trappings of technology that cause their shifting expectations in the first place. To remain relevant, then, you’ll need to accept that ongoing change to your business, particularly in the realm of technology, is not only inevitable but is key to your survival.

With the volume and richness of data that now flows through finance functions everywhere, the most significant potential impact from digitisation lies, arguably, within your department. But only those who employ agile systems will be able to evolve at the speed necessary to maintain that higher strategic status.

Harking back to Professor Singh’s aviation analogy, the finance function of any business must have:

  • A flight plan that everyone is on board with,
  • A digitised dashboard, fed with real-time data that highlights deviations from that plan, and
  • The necessary insight and conviction to suggest corrective action.

In conclusion, he offered a brief explanation of how finance teams must evolve to stay relevant and, indeed, elevate their standing: “We must transition from a focus on hindsight to the pursuit of insight, and eventually, foresight.”

About Us
Kiteview Technologies (Pty) Ltd was founded in May 2010 to provide the Sage Evolution Business Management solution to the SME market. The management team of Kiteview have combined +30 years of experience in the delivery of small to mid-market Financial & Business Management solutions. This experience, combined with a sound project implementation methodology has helped in Kiteview’s growth, becoming a Platinum status partner for SAGE Pastel within just 1 year.

Contact Us

For An Obligation Free Quote

Inventory: How to import new prices on the  Inventory Price Update Batch

Inventory: How to import new prices on the Inventory Price Update Batch

Article credit: Sage 

Price Update Batch Import

Let’s show you how to easily import Item Prices using the Price Update Batch.

Disclaimer: These articles refer to possible solutions and a platform to share information. Each article describes a method that solved a query (knowledge gathered from previous sites) and how Sage Evolution should operate. These articles make reference to a specific Sage Evolution version, however the thought process can be generalised. Please note the information contained in these articles should be treated as guidelines and adapted to accommodate differences in business processes and IT environments. Articles may not be applicable to all environments. If this article did not resolve your query please contact Kiteview Technologies Support Department on:  (+27) 010 005 6678.

About Us
Kiteview Technologies (Pty) Ltd was founded in May 2010 to provide the Sage Evolution Business Management solution to the SME market. The management team of Kiteview have combined +30 years of experience in the delivery of small to mid-market Financial & Business Management solutions. This experience, combined with a sound project implementation methodology has helped in Kiteview’s growth, becoming a Platinum status partner for SAGE Pastel within just 1 year.

Contact Us

For An Obligation Free Quote

Sage 200 Evolution’s Serial Number Tracking Add On Module

Sage 200 Evolution’s Serial Number Tracking Add On Module

Article credit: Sage 

Sage 200 Evolution Serial Number Tracking allows you to individually track items. For example, if you sold an item that carries a warranty, you will need to know when you sold the item, to whom you sold the item so that you know if the item is bought in for repairs, if it is still under warranty or not.

Integrating with Sage 200 Evolution’s Inventory module, Sage Evolution Serial Number Tracking keeps detailed information on specific inventory items. From purchase to sale, to returns, each item is tracked uniquely providing you with absolute control over individual inventory items.

With Sage 200 Evolution Serial Number Tracking you can receive Serial Number Listing reports that provide you with key information regarding your items, such as:

• Where the current location of the serial numbered item is
• The item code and description
• The date of its last movement
• The current general location in stock and
• The customer it was sold to.

While the Serial Number Transaction report will show you all the transactions for a Serial Number, by reflecting one transaction per line. Each line will report on the following information: the Serial Number, item code and description, transaction date and reference, the customer/supplier account code and its originating module.

About Us
Kiteview Technologies (Pty) Ltd was founded in May 2010 to provide the Sage Evolution Business Management solution to the SME market. The management team of Kiteview have combined +30 years of experience in the delivery of small to mid-market Financial & Business Management solutions. This experience, combined with a sound project implementation methodology has helped in Kiteview’s growth, becoming a Platinum status partner for SAGE Pastel within just 1 year.

Contact Us

For An Obligation Free Quote

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