sage500erp-100x49The next release of Sage 500 ERP is not expected until at least the end of Q3. In the meantime the latest version of Sage 500 ERP is version 2014 and it has some helpful new features that improve the user experience including Reverse Applications.

Sometimes payments get applied against a wrong invoice, finance charges get applied incorrectly or memos are applied to a wrong invoice. As a result things do not tie out and incorrect information is reflected in statements. With the introduction of Reverse Applications in Sage 500 ERP, the task of reversing incorrect entries has become easier. Sage has reduced the steps required to apply reversals by automating this task. Now accounting personnel can correct errors immediately as opposed to doing it by painstaking manual key entry.