What Can Sage One do for me?
Sage One is accounting software that can automate a wide range of accounting tasks which allows users to work with greater efficiency and accuracy.
- What is Accounting Software?
- What is Sage Software used for?
- Benefits of Sage One for Business Owners?
- What Sage package to choose?
- How do I Purchase Sage One?
1. What is Accounting Software?
In our recent article, How can accounting software help my business?, we spoke in detail about the evolution and benefits of accounting software. Due to the fast-paced and ever-changing world of business and technology, the rise of many types of accounting software has allowed business owners and accountants alike to streamline and improve many tasks and processes in a cost-effective manner.
To further delve into this topic, we will examine one of the better known software for accounting, Sage.
2. What is Sage Software used for?
Sage is a computerised system or software, which can simplify and automate a wide range of accounting and bookkeeping tasks which allows accountants, bookkeepers, and business owners to work with greater efficiency and accuracy.
Sage has become one the industry leaders owing to their initial entry as one of the first accounting software on the market, just how the Sage system simplifies accounting processes and the wide range of tasks that are facilitated including but not limited to:
- Invoice creation
- Updating customer and supplier records
- Making payments
- Automated update of the general ledger
- Automated stock check
- Automated calculation of payroll
- Recording of overdue balances
- Sales Analytics
- VAT returns
Another reason for the popularity of the Sage software is how the software is tailored to its different potential users. Accounting in business is not a one size fits all situation and Sage sees that and caters to all types of users.
3. Benefits of Sage One for Business Owners?
Reduce Human Error
One of the immediate impacts of any technology is the reduction in human error and Sage One is the exact same. Of course, there is a learning curve with the initial processes, but once the information is inputted correctly from the beginning the possibility of errors is greatly reduced.
A huge improvement with all accounting software is the ability to have all your financial information at the tip of your fingers and with the technology supplied by the software, this information is constantly updated giving you a clearer picture of your finances.
The time spent on accounting tasks, especially for business owners doing them for themselves can be extremely time-consuming. Sage One streamlines accounting tasks leaving the user to concentrate on other areas of the business.
Along with the time spent on accounting tasks, this time costs money. Whether using the software as a business owner or using an accounting firm, the fact that the time spent on the tasks is minimised means that less money is spent in the process.
4. What Sage package to choose?
Sage was initially designed for smaller businesses in order to help owners gain a stronger foothold on the finances. While Sage has kept true to their original customers with updates to their software, there are also other iterations of the software designed for larger entities and have also evolved with available technology to provide a cloud-based service instead of just desktop software.
Choosing the right software for your business is important, but with its experience in the industry, Sage has made the decision easier with the types of services available through two packages, Sage One and Sage 50.
Sage One, now being rebranded as Sage Business Cloud Accounting, is a cloud-based accounting solution aimed mainly at small businesses. It offers core accounting, project accounting, expense management, and compliance management. With Sage One software you will be able to manage and, in some cases, automate many accounting and bookkeeping processes required in the day-to-day management of your business including quoting prices and estimates and producing statements and invoices. There are many integrations available, including with the major banks allowing you to automate payments with suppliers and clients. Sage One provides an easy-to-use interface and dashboard which allows you to keep up to date with your current cash flow and quick access to your financial documents.
As Sage One is designed for small businesses, it includes all the necessary functions for core accounting duties, this is reflected in the pricing structure in order to make the software accessible for small business owners instead of providing a more expensive service with functions that won’t be used. Sage also provides a 24-hour helpline and many tutorials on its website which can be of great use to new users trying to find their way around the product.
Sage 50 is a much more detailed and powerful desktop solution that is aimed at larger and more established businesses. With it, the user can keep track of sales, expenses and profit, and quickly analyse business performance with a range of reports.
Sage 50 offers more reporting options and functionality than Sage One, and depending on the Sage 50 solution that is purchased the services included range from stock control, order processing, purchase order processing, and project processing It offers in-depth business reports and can be integrated with Microsoft Office 365 for online backup, intelligent reporting, and Outlook contact sharing.
5. How do I Purchase Sage One?
The purchase of Sage One is a simple one. It is charged on a subscription basis with differing price levels for all the Sage packages. There is even the option to try the service for free, allowing you to truly get a feel for what is on offer.
Keeping up with the technological advancement provided by the software, Sage also provides a smartphone application, so you can have all your financial information accessible no matter where you are.
The benefits of implementing accounting software in your business have been well documented, but there remains the choice of which one. Considering the wide range of services offered for what seems a manageable price, Sage presents itself as one of the best choices in the market.
Especially considering the focus for small businesses, the experience gained from over 30 years in the market has allowed Sage to provide a fantastic service to accountants and business owners alike. Although the Sage system does allow small business owners to take greater control over their financial tasks and information when it comes time to hire an accounting firm to help your business, it helps to know they use the same software as you are already using.
Having to invest time and money into implementing new systems can be a strenuous and time-wasting venture. Instead of wasting time searching and calling numerous firms until you find the right match, go to WELINK ACCOUNTANTS where finding your perfect match for an accountancy firm is made easy and fast due to the intuitive filters used. You can access an accountant using Sage software with a few simple clicks!