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KEYPrime logo and Sage logoKEYPrime versus Sage line 50

A Summary of the benefits of KEYPrime over Sage Line 50

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Reporting for Management

The management reporting facilities within KEYPrime are very powerful, and yet quick and easy to use. They include:-

 Profit & Loss and Cashflow Reporting
Why maintain a separate cashflow on a spreadsheet alongside an accounts package when KEYPrime reports on both a trading and cash basis?

  •  Flexibility of Reporting

A wide range of pre-formatted report layouts to suit the individual’s requirement, with comparisons against budget, previous year or both.

  •  Multi Year Reporting

The ability to view several individual years’ performance compared in one report is powerful, as is the flexibility to report for a user defined time period, which may stretch between two financial years.

Reporting for the Administrator

  •  Nominal Ledger Reporting

The nominal ledger contains the narrative description that was entered during data entry, together with the enterprise and a quantity where relevant.

  •  Retrospective Reporting

All the reports can be generated to an historic date, making a review of unpresented cheques to that date a simple task. This also makes VAT reporting and investigation very quick and simple.

Administrative Advantage

  •  The ability to operate the accounts with more than one company open at one time and to back-up the data directly to an email address demonstrates the contribution KEYPrime can make to the efficiency of your business.
  •  Bank Reconciliation

The bank reconciliation process can be corrected where an error occurs and reported upon to an historic date.

  •  Fixed Asset Register

KEYPrime includes a comprehensive fi xed asset register which is automatically populated from the purchase of capital equipment.

Set-up

  • Rapid Set-Up

In KEYPRIME select the nominal codes that you want from a standard code list (or enter your own) and the code list and reporting structure is complete. Within Sage you create or select from a chart of accounts,but then have to create the management report set-ups individually.

  • VAT Codes & Reporting

Traditional VAT codes are already set-up, and additional codes may be added by the user to handle different VAT rates e.g. partial exemption and legislation changes.

  • Enterprise /Departments

Separating out the business into enterprises or departments within KEYPrime is very quick and straightforward, with a comprehensive range of reports including debtors and creditorsbyenterprise/department. This is significantly simpler than setting up departments in Sage.

Data Entry

  • Simplicity and Flexibility

Data entry routines in KEYPrime are designed to be familiar and forgiving. If a mistake is made it can be edited easily on familiar screens.

  • Contra Entries

Whether entering a deduction from a receipt – e.g. a commission against a sale, or making a contra for goods supplied on a sales invoice, in KEYPrime it is a simple one entry process.

Budgets

Single year or multiple year budgets can be set-up easily within KEYPrime for comparison purposes. The budgets can either be created from scratch, or by copying a previous year and making adjustments within the program. Alternatively the budget can be created within Excel and imported into KEYPrime.

Read the Full Report