Executive Summary: Payroll

The new accounting software must have payroll. The payroll must keep employee details and information, keep track of sick and vacation time, and keep track of pay rate and tax deductions. The payroll, also, has to have direct deposit.
The company requires customizable invoicing. Invoices need to indicate the name of the customer, remittance address, date, an invoice number, purchase description, the amount of the purchase, and whether it includes sales tax.
The billing feature may be something Weldcraft can use in the future. Right now we only accept cash or checks. With credit card options, maybe, Weldcraft could get quicker payments from customers.
Use accounts payable to track vendor invoices and outgoing expenses. Accounts payable tracks

Sage 50 keeps track of open invoices.
Inventory (Sage 50 Complete Accounting 2014)
Sage 50 can quickly show you status and transactions for inventory items (stock or non-stock). It is customizable with 22 different modules including, Sales Invoices, Purchases, Inventory Adjustment, and Sales Backorders. It can also be set up to show build and unbuilt transactions for assembly items, as well as the bill of materials. For any item, you can see a list of assemblies that use it as a component.
Bank Reconciliation
Sage 50 shows the beginning balance, ending balance, and items that have cleared the bank.

Reports
Sage 50 allows users to manage many types of reports. One report Sage 50 offers is the Intelligence Reporting, a Microsoft Excel-based reporting solution that is combined with Sage 50 Accounting software. With Intelligence Reporting, you can easily run customized reports without having to manually update worksheets.
Scan & Attach Documents (Byard)
Sage 50 attaches critical files and documents to more records; purchase orders, quotes, and sales orders.
Support
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A graph of your bills helps you to decide which ones need to be paid and when.
Accounts Receivable
The accounts receivable allows you to view unpaid sales invoices within a certain time frame or see invoices issued to a certain contact.
Inventory
Inventory management tracks the value of inventory and improves stock control. Automatically updates the inventory on the balance sheet, always know the real-time value of your inventory. Xero tracks which items are sold and how much profit is made. For advanced control and management, Xero has a range of inventory Add-ons for additional fees.
Bank Reconciliation
Xero associates with your bank allowing bank statements to be imported and categorized automatically. Match the statement from the bank with transactions made in Xero, click OK and its reconciled. Also, create clever custom bank rules to match more complex transactions.
Scan & Attach Documents
Drag a copy of the printed receipt into Xero or upload it using the Files feature. See a list of all the receipts that make up a total claim.