Sage UK Limited has launched Sage One Accounts Extra, an upgrade to their existing accounting software. The 30-year-old company based out of Newcastle says the new software will help businesses grow in new markets, operate more efficiently and plan more effectively for the future. (See more: finance software)

The updated software brings in enhanced forecasting tools, automated bank reconciliation, multi-currency and sophisticated cash flow management, additional invoicing functionality, payments integration, and support on all UK and Ireland VAT schemes.  

Perhaps the biggest upgrade is to the software's international trading capabilities. Not only are exchange values calculated for you, users can record income and purchase transactions in multiple currencies. You can also calculate VAT for transactions with non-UK and Ireland-based businesses.  

Sage says the new software provides cash flow forecasting and statements, giving customers more in-depth reporting and forecasting. Users can now also set up multiple businesses and give secure access to multiple people with under different security clearances.  

Sage also updated their user interface for automated bank reconciliation. That also allows users to drill into data and export into Excel and other formats.  

Price-wise, Sage One Accounts Extra starts at £25 per month plus VAT, up from Sage One Accounts, which starts at £10 per month plus VAT and Sage One Cashbook's starting rate of £5 per month, plus VAT. Support via email, online or phone 24/7 is also included in the monthly payment at no additional charge.