A Summary of the benefits of KEYPrime over Sage Line 50
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?
A wide range of pre-formatted report layouts to suit the individual’s requirement, with comparisons against budget, previous year or both.
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.
The nominal ledger contains the narrative description that was entered during data entry, together with the enterprise and a quantity where relevant.
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.
The bank reconciliation process can be corrected where an error occurs and reported upon to an historic date.
KEYPrime includes a comprehensive fi xed asset register which is automatically populated from the purchase of capital equipment.
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.
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.
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 routines in KEYPrime are designed to be familiar and forgiving. If a mistake is made it can be edited easily on familiar screens.
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.
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.