What’s New in Sage 300 2023

By: Sharon Paul

Sage 300 2023 is now available! Here’s a look at some of the top new features that span security, web screens, CRM integration and more.

Enhanced Password Security

In Sage 300 2023, user passwords are even more secure. You now have the option to require complex passwords that must include a lowercase letter, uppercase letter, number and a special character. Plus, additional technical upgrades and enhancements improve overall security.  

If you’re using Sage Fixed Assets integrated with Sage 300, you must first update your system to require complex passwords.

Improved Sage CRM Integration

When updating contact information on the Sage 300 A/R Customers screen, a new ‘Update CRM Data’ popup screen allows you to specify whether you want to update or replace an existing person or create a new person in Sage CRM.

Another change in the A/R Customers screen is that it now uses the current date by default instead of the Sage 300 Session Date.

New Web Screens

Sage 300 2023 introduces new web screens for Project and Job Costing, including:

  • Account sets: Create groups of general ledger (GL) accounts, which you assign to contracts to identify the GL accounts to which you post Project and Job Costing transactions for each contract.

  • Charges: Record amounts that you charge your customers for services or fees for which you have not incurred any direct costs.

  • Update retainage: Enter opening retainage balances for contracts you are transferring to Sage 300 Project and Job Costing from another job-costing system.

In addition, new keyboard shortcuts are available to open web screens from the navigation menu.

New App Icons and Menu Organization

Improvements have been made to the organization of Sage 300 App Icons in the Windows Start Menu so you can find things more easily. Instead of a single Sage 300 menu option, there are now three options divided into the core Sage 300 functions, Admin Utilities and Support Utilities.

Year End Processing: Recommended Reports

After year-end closing is completed, it’s a good idea to print and keep the following recommended reports that provide an overview of year-end closing transactions as well as your company’s financial status.

Batch Status

Shows all the activity that has taken place during year-end closing, including the number of transactions and the total debits and credits posted.

Posting Journals

An audit trail of all the transactions posted for year-end.

Balance Sheet

This critical report shows the company’s assets, liabilities, and shareholder’s equity and opening balances carried over from the previous year.

Trial Balance

Shows all the opening balances for the new year. Note that all the income statement accounts should be displayed as zero.

Transactions Listing

This report reveals all entries posted to the G/L, including all net changes, balances and transaction details for all accounts within the range of the fiscal year.

Video: Instructions for Printing These Year End Reports

Need Help?

If you have questions or need help getting started, connect with us online or give us a call at 410.685.5512.

 

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Published December 29, 2022

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