Sage North America has added several new features to its Sage One cloud accounting product, including bank integration to work with over 10,000 banks and financial institutions.

Users can now select and link as many bank accounts and credit cards with Sage One as they wish and may reconcile transactions and apply payments against customer invoices in Sage One.

Sage One has also simplified its user interface and incorporated features, such as recurring transactions and accounts payable, to streamline and automate typical financial management processes.

Users can also now entering and categorizing vendor bills for tax purposes. Payables enhancements include the ability to set up recurring transactions for predictable expenses, such as a loan payment. The new features support bills with multiple line items, each with a different expense category, automating accurate cash flow tracking.

“Managing and tracking cash flow is a challenge for many time-strapped entrepreneurs,” said Henry Benamram, general manager, Sage One. “Bank integration with Sage One further simplifies accounting and business management for entrepreneurs. Rather than keying transactions and trying to determine spending and balances from multiple sources, business owners relying on Sage One can see their accounting, projects, tasks and now banking, all in one place.”

Sage has also lowered the $29 subscription fee to $24 per month for 12 months, and existing customers who are not on a discounted rate will be given the new lower monthly rate automatically.

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