$1.$How does Sage $50$ favilitates the management of accounta receivable and accounts payable? What are the functionalities and reproting capabilities that support the process?

$2.$ If I generate a Profit and Loss Statement for the last Fiscal quarter. What are the steps to create the report?

$3.$ If the vendor's terms have changed, and I need to update the paylent terms for future purchases, how can I modify the vendor's payment terms in Sage $50?$

$4.$ For bank reconcialiation for primary checking accounts, what are the process of reconciling the bank statementbwith the records in Sage? Steps to do it and how can I verify the reconciliations?