THE LEADERS IN SAGE BUSINESS SOFTWARE
Sage 50cloud Pastel Xpress
Sage 50cloud Pastel Xpress is a bundled offering for small to medium businesses seeking steady growth. Common business processes are automated, which makes the product easy to learn and use thus enabling you to manage numbers with ease. And as your business grows, there are add-on modules that can be purchased to increase the functionality of this accounting software.
Sage 50cloud Pastel Partner
As a business owner, you may need specific processes to be automated and Sage 50cloud Pastel Partner can take your financial system to the next level. Formulated with small to medium businesses in mind, the power of this product will ensure that your accounting needs are met with a host of add-on modules to cater to your business’s every financial need.
Sage 50 Accounts (UK)
Market-leading accounts software for small to medium sized businesses that need complete control and confidence in their finances.
From invoicing customers and paying suppliers, to managing GST returns and year-end accounts, it helps you manage all the different areas of your business. By keeping things simple, it frees you up to focus on your customers and your business.
Because we know not everyone’s an accounts expert, we ditch the jargon and make sure our software uses language you understand.
Sage 200 Evolution delivers an entire business management solution. It’s the new way to work
Sage Evolution 200 is a Premium ERP system that brings all aspects of your operating environment together, giving you the ability to not only control your business’s financial systems, but to also manage the way you interact your customers, suppliers and employees. The software is fully customisable with several job-specific add-on modules to suit your business’s needs.
When running a small business, you have to make sure you stay focused on accounting. If you don’t manage debt, receivables, and marketing expenses accurately, your company will sink before it grows.
Weigh the options of bookkeeper vs. DIY accounting.
Though entrepreneurs might feel ready to act as head of accounting, sales, and marketing at the same time to cut costs, it may help to hire a bookkeeper. It can help you to know someone with experience and deeper understanding is working on your books. To start, you can hire someone part time or as a freelancer, so you’re not paying a full time wage for these services. As an alternative, affordable accounting software from Sage lets you crunch the numbers yourself.
Keep accounts receivable payments separate from borrowed funds.
Small business owners need financial backing and/or loans for startup capital, marketing campaigns, and other initial things in the early days. To make sure the loans don’t appear in the receivables, use software that separates income from borrowed funds. Don’t lose sight of what is yours and what needs paying back.
Don’t allow clients to get away with not paying balances.
Seeing a large amount in the receivables column is a good thing, but the money doesn’t really count until it is in your bank account. Don’t let clients avoid regular payments. Stand firm and insist you receive payment for past orders before letting them have more materials or services. The receivables department is crucial in keeping your company afloat.
Detail daily expenses so you can budget for the coming weeks.
It’s a good idea for business owners to keep records of everyday expenses they incur in the company. Instead of calculating expenses every two weeks for payroll purposes, focus on every day or every week. This can help you have a better idea of where finances are each week and how much money you’ll need to budget for in the upcoming weeks.
Calculate a minimum monthly profit.
When planning how much it takes to keep a small business running, the numbers can get complicated. Devise an accurate system of expenses and regular obligations so you know exactly the minimum income you need every month. Because income can be the easiest to calculate, make a strict target you’ll need to earn. Without that exactitude, accounting becomes confusing and your business can suffer.