Setting up Sage 200

Before you begin to work with your company data in Sage 200 you must do the following:

1. Set up your company, contact and VAT details.
2. Set up operational settings for the company.
3. If required, choose to use additional transactional analysis for the company.
4. Set up common information (for example, VAT rates, country codes, exchange rates, and so on).
5. Set up accounting periods. Sage 200 allows you to use open accounting periods. You must specify the maximum number of periods you want to keep open at any one time during your financial year.
6. Set up the chart of accounts in the Nominal Ledger. This can be in as little or as much detail as you require. For example, you can include cost centre and department codes to provide detailed financial analysis for different areas of your organisation.
7. Set up the bank accounts and select a default bank account Book if you intend to use the Cash Book to manage your cash transactions.
8. Set up the Sales Ledger.
9. Set up the Purchase Ledger.
10. Set up the Commercials modules The Commercials modules in Sage 200 are Stock Control, Sales Order Processing and Purchase Order Processing., if you are using:
    • Stock Control.
    • Sales Order Processing.
    • Purchase Order Processing.
11. Set up Project Accounting, if you intend to use the Project Accounting module.
12. Set up Manufacturing, if you intend to use the Bill of Materials module or the Manufacturing modules.
13. Set up online payment processing using Invoice Payments or Opayo (formerly Sage Pay), if you intend to accept payments online. Sage 200 also allows you to make electronic bank payments and reconcile your bank statements online.

Note: The Accounting System Manager is run at the same time as the Sage 200 Financials modules The Financials modules in Sage 200 are Sales Ledger, Purchase Ledger, Nominal Ledger and Cash Book.. Some of the features of the modules are affected by settings you define in Accounting System Manager. For this reason, you may not be able to make changes to Accounting System Manager settings if the other modules are in use.