AutoEntry for Sage 50 Cloud – What are The Benefits?

Accountants need to extract relevant data from multiple sources, such as clients’ bills, statements, or invoices, to maintain balance sheets and facilitate tax filing. However, manual data entry and paper-based accounting lead to frequent errors and balance sheet discrepancies.

AutoEntry is a cloud-based solution that automates data capture, categorization, and storage. Business owners can easily scan the documents in AutoEntry, which uses Optical Character Recognition (OCR) to extract data. It is an AI-powered platform that deploys self-learning to identify and fix anomalies.

AutoEntry is a Sage product that integrates seamlessly with Sage 50 Cloud to facilitate real-time export of captured data from documents directly to the accounting solution.

In this blog, we will see how AutoEntry for cloud-hosted Sage 50 works and its benefits for businesses and accountants.

Integrating AutoEntry With Sage 50 Cloud

AutoEntry integrates with Sage 50 Cloud in a few easy steps. Let’s check them out.

1. Add a Company in AutoEntry that you want to integrate with Sage 50 Cloud.
2. Click the Company Name, then select the Integrate option in the top-left corner.
3. You will see multiple options, such as QuickBooks, Xero, and Sage 50 Cloud. Click the Connect button beside Sage 50 Cloud.
4. A new page listing instructions for integrating AutoEntry will open. Integration with Sage 50 Cloud requires installation of the “Sync App” desktop software. To install, you need to click on the Download Installer button.
5. Once you download the software, you need to log in with the AutoEntry credentials.
6. Select the Connect option beside the company name to open the integration window.
7. Select the Accounting Software and Company File from the drop-down list. If the company name is not shown in the list, you can select it manually.
8. Click on the Connect to AutoEntry button.

What Benefits Does AutoEntry for Sage 50 Cloud Offer?

1. Eliminate Manual Data Entry

AutoEntry eliminates manual data entry and minimizes repetitive bookkeeping tasks by automatically capturing data from receipts, bills, and statements. You can upload documents in AutoEntry by scanning, taking a photo, or dragging and dropping.

You can send the documents by email. It saves a significant amount of time for accountants as they do not need to manually fetch data from paper receipts.

2. Optimizes Data Accuracy

Entering data manually can lead to human errors, such as wrong categorization, transposition errors, and duplication. AutoEntry guarantees 99% accuracy with real-time data quality checks. Moreover, it automatically identifies and flags any discrepancies and deploys self-learning to avoid future errors.

Getting accurate data guarantees error-free operations, reducing most of the accountant’s stress.

3. Fastrack Accounts Payable Process

The accounts payable process can encounter multiple challenges, such as processing delays and errors, due to manual data entry.

With AutoEntry, as invoices are automatically digitized, uploaded, categorized, reviewed, and then integrated with Sage 50 Cloud software, accountants spend significantly less time managing approvals and payments.

4. Improve Audit Readiness

Audits and reviews are essential to any accounting process to identify errors and anomalies. AutoEntry streamlines the audit process by providing accountants with a digital workflow to minimize errors. It enables auditors and finance teams to easily locate the required documents without searching through filing cabinets or paper archives.

5. Streamline Receipt Management

Managing paper receipts can be one of the most arduous tasks for the accounting team. However, when receipts are uploaded and digitized in the AutoEntry tool, it makes storing and managing these receipts convenient. You get a centralized cloud storage solution that eliminates the risk of lost paper receipts. Moreover, AutoEntry offers unlimited storage so you can retain these receipts for as long as required.

6. Ensure Anywhere Data Capture

In a paper-based accounting system, you need to collect and store paper receipts before handing them to your accountant for processing, which often leads to their misplacement. AutoEntry offers a mobile app, where you can take pictures of receipts in real time, which is stored in the cloud.

The accountants then access these receipts from any location at any time. AutoEntry mobile app not only facilitates real-time collaboration but also ensures secure document storage and enhanced expense visibility.

7. Facilitate Easy Onboarding

AutoEntry has an interactive user interface that can be used easily by anyone without a technical background. You can easily sign up to AutoEntry on the cloud, create a company for accounting software integrations, and start uploading receipts.

Moreover, clients can open the AutomEntry app and take snaps of paper receipts that get automatically integrated with Sage 50 Cloud.

8. Get Flexible Pricing

AutoEntry offers monthly subscription plans on a rolling basis with the option to cancel at any time. Moreover, the plans are pay-as-you-use, which means you pay only for the exact number of extractions. There is no distinction of plans based on features. Moreover, you can add as many users as you want without any additional charge.

9. Intelligent Processing

AutoEntry is an AI-powered intelligent tool that enables self-learning through Machine Learning algorithms. For instance, you need to assign VAT codes for categorization once, and the tool learns from it and suggests codes the next time to automate categorization.

10. Enhanced Cash Flow Visibility

AutoEntry’s integration with Sage 50 Cloud offers businesses real-time visibility into their expenses and cash flow. They can monitor expenses, track liabilities, and ensure timely payments.

Optimize Your Workflow With AutoEntry For Sage 50 Cloud

AutoEntry for Sage 50 Cloud enables you to create a hassle-free, accurate, and efficient accounts payable process. Its integration with Sage 50 Cloud automates expense management workflow, giving you real-time visibility into the cash flow.

With Ace Cloud Hosting, you can host Sage 50 and AutoEntry on the same dedicated cloud server, enabling smoother access, centralized data management, and a more streamlined accounting workflow.
If you are looking to adopt AutoEntry for your business or want to run Sage 50 and AutoEntry together in the cloud, book a 7-Day free trial today.