New Deployment Options for All Customers!

With v7.0, all Sage MIP Fund Accounting customers have the option to install on either MSDE or SQL Server depending on their need. Customers are given the option to load the product on MSDE (provided on the CD) or on SQL Server (provided by the user) during an easy-to-understand newly redesigned installation wizard.

New Default Financial Statements

Produce presentation-ready financial reports right out of the box! These default reports tailor themselves to the unique structure of your chart of accounts to provide presentation-ready, GASB/FASB-compliant reporting without any additional configuration steps. Leverage the power of the flexible report writer within Sage MIP Fund Accounting to help adapt reports according to your organization's unique needs.

Financial Statements

• Standard Base Variance Columns are available in all relevant reports for easy and consistent reporting. New for 7.0: Variance columns generated automatically when new budget versions are created.
• View the effect of Unposted Transactions on your Statement of Revenue and Expenditures prior to posting
• New Expand/Collapse toolbar button for easier report content selection

New 990 Worksheet

Reduce your time and compliance costs with this new feature! Easy setup and mapping tool provided for easy production of Form 990 worksheets.

New Multi-Segment Allocation Capability

Configure allocations across multiple segments in a single allocation code!

• Easily and quickly allocate pooled costs/earnings among multiple segments and maintain integrity of your account code combinations
• Accurately calculate Relative Account Balances and Weighted Average Daily Balances based on multiple segments simultaneously
• New wizard to create account code combinations with a few simple clicks

Additional Allocation Calculation Methods

Choose from standard industry methods to allocate your indirect costs, including employee headcount, direct labor hours, transaction volume, and service units using user defined fields.

• Direct integration with the Sage MIP Fund Accounting payroll module for accurate and consistent calculations of employee labor hours and employee headcount
• Employ transaction count for your allocation method and choose which transaction types to include as your basis
• Calculate allocation basis on external measures recorded as User Defined Fields in Sage MIP Fund Accounting

Improved Allocation Processing

• Use new dynamic settings to process your allocations so that dates and other settings do not need to be manually updated
• Auto numbering feature added for Session ID to improve ease of use
• Allocation Calculation report features improved summarization for easy review by you and your auditor

New Payroll Workflow and Processing Options

New Timesheet Entry Workflow available to improve accuracy and efficiency during payroll data entry!

• New "fast movement" between timesheets for quick and efficient data entry
• Context Sensitive Jump button to Distribution Code from timesheet for easy maintenance
• Optional display of Employee Rate information in timesheet entry as a "quick check" tool
• New ability to view effect on Leave Balance of leave taken and accrued during timesheet entry
• Increase in number of hours allowed for earnings to better accommodate piece rate compensation
• View summary total of hours and earnings by employee at time of data entry
• New earnings calculation method for easy timesheet processing for employees who have multiple employee pay rates each pay period
• Increased decimal positions on rates for more precise calculations of earnings, deductions, benefits, and other critical payroll figures
• Easily process payroll corrections in timesheet entry with ability to enter corrections for deduction and benefit errors

New Payroll Reports

Track and report labor hours, quickly view all relevant payroll information for employees in one easy to read report, and produce federal worksheets to assist in report preparation!

• Effectively track labor utilization across projects, grants, programs, and other dimensions in your organization for reporting and calculation of allocation bases
• Produce your 941 Worksheet report to include all information necessary to complete form including Schedule B
• Print your W-3 Transmittal form directly from Sage Payroll Services
• New summary report that allows users total flexibility to configure summarized payroll data by earnings, deductions, benefits, taxes, or any combination required

New Ease of Use Features

Reduce the number of keystrokes/clicks necessary to create complete/balanced transactions when the transaction typically uses offsets.

Required Account Assignments

Configure additional business rules in transaction entry to ensure that complete and accurate data is collected on each transaction entered to properly generate reports on any segment in your organization.

New Security Controls on Checks

Strengthen internal control and audit procedures with system controls over unauthorized use of check stock.

• New warning validation to notify user when a check number entered or generated already exists in the system
• Option to allow automatic suggestion for next check number by cash account
• New tool to record Form Spoilage in order to produce uninterrupted numeric sequence on check register

New Check ANSI Compliant Check Formats

Comply with new Check 21 legislation and avoid the possibility of future bank penalties with the new forms included in both Payroll and General Ledger.

• New check formats for both Laser and Continuous printers available in several styles to meet each organization's needs
• New alternate payroll format with improved pay stub presentation