Welcome to the October edition of the CIM Support newsletter.
This month we will be looking at reports and how they can help you with your day-to-day tasks.
We will also be including ‘Report of the Month’ for Sage 50 Accounts in our newsletter each month.
Sage 50 Accounts
Understanding Your Management Reports
Have you ever wondered what a Balance Sheet, Profit and Loss or Trial Balance report details? Or perhaps you need to run one of these for your previous financial year.
- Balance Sheet Shows the worth of your business at a period in time. It details your company’s assets and liabilities.
- Profit and Loss Show the performance of your business over a specified period of time. It shows values for sales, purchases, expenses and overheads, then your company’s total profit or loss.
- Trial Balance Show each nominal code balance up to a specified period. The balances are displayed as debits or credits.
Previous Financial Year
If you want to produce a balance sheet, profit and loss or trial balance report for a previous financial year, the best option is to run the relevant report from within the previous year’s archive data. If you didn’t archive your data, provided you haven’t cleared the audit trail for the reporting period, you can run the transactional management reports. You can run these within your current data to show your prior year figures excluding your year-end journals.
Check Which Invoices are due this Week
Knowing what you’re due to be paid each week helps you manage your cash flow. You can use the Outstanding Customer Invoices By Due Date report to see exactly when invoices for each customer are due to be paid. To find out where and how to run this report, please click here.
New! Report of the Month
Day Books: Supplier Invoices (Detailed) with Extra Reference. This report shows detailed supplier invoices, including the extra reference. Once installed the report can be found in Suppliers Reports under My Supplier Reports. Please click here for an example of the report.
Cim50
Failed to Open the Connection
Do you ever receive this error when running reports in Cim50?
This is an indication that the Sage 50 Accounts ODBC has not been setup correctly. To find out how to resolve this please click here.
Adding Barcodes to Reports and Layouts
Did you know that you can add barcodes to reports and layouts in Cim50. This is a mandatory requirement if you are using Shop Floor Data Capture (SFDC) as you will be using a barcode scanner to carry out all stock transactions and record operations times.
CIM Challenge
During September 2023 we walked 685.58 miles and I’m pleased to announce that we have another colleague who has surpassed the 1000-mile mark.
CIM Software is fundraising for Alfie’s Wish (justgiving.com)
We hope these guides/articles will be of assistance, however, if you wish to discuss these further, please contact the support team by clicking the button at the bottom of this newsletter.
