Disclaimer: Please note this article is not financial advice. The purpose of our blog is purely educational, so please consult a professional accountant or financial advisor before making any financial decision.
Are you a startup business and still establishing the foundations to help you succeed in the long run? Right now, you might also be looking for the right accounting software for your small business. Well, we highly recommend Sage accounting software; just like your business, Sage started as a small one. Today, its growth is unstoppable, supporting millions of entrepreneurs worldwide and employing 11,000 talents. With Sage's humble beginning, you know that there is a company that knows how to help you effectively.
Sage can do many wonderful things for your business—dive deeper into this article and learn the strengths of this accounting software.
12 Strengths of Sage Accounting
Sage is an advanced, cloud-based business software, and by utilizing it for your business, you'll discover a user-friendly and quick way to manage your business finances. Here are Sage accounting software advantages you deserve to enjoy.
Get Paid on Time with Invoices
The developers behind Sage accounting understand that it is very important to get paid on time since it is also critical to the cash flow of your business to keep it moving forward. Chasing late payments is time-consuming and can be quite awkward between you and your client. Sage makes getting paid easier, and you're less likely to follow up.
One of the key features of this accounting software is allowing you to create customizable invoices that best represent your brand. All you have to do is to prepare your company logo, set your payment terms, and provide your bank details.
Built-In Card Payments Support
Sage’s built-in card payments support allows you to accept payment details with your smartphone quickly. You can also add or create a Pay Now button so your customers can instantly pay their dues using their own device by simply clicking the button.
You can directly send invoices with this software so your customers can instantly receive the invoice wherever they are. The application also allows you to select the easiest payment methods for you and your customers.
Payment Progress Tracker
This accounting software from Sage lets you track each payment's progress, making you aware of where you stand with your customers' payments. With this tracker, you’ll know when to send a follow-up, and you can also identify the customers who pay on time.
Automated Bookkeeping & Auto Entry Feature
The accounting software has an automated bookkeeping system that allows you to focus on other parts of your business. You don't have to worry about losing the receipts you have on hand. With your smartphone, you can take a picture of the receipt and upload it directly to the accounting software.
The Auto Entry feature automatically extracts information from the receipt and categorizes them. These categorized entries will be posted accurately on Sage, eliminating the need for manual data input.
Bank Support
Sage supports all the big banks, and even some of the new ones. You can simply connect to your account, and your bank transactions will be recorded effortlessly and securely on Sage at no added cost.
Smart bank rules apply to Sage, allowing the software to categorize incoming transactions automatically. The invoices you send to your customers and the receipts you upload are then matched to the corresponding payment as you receive them. With a simple click of the button, you can post the matching details straight to your ledger.
Accessibility
The accounting software was developed so you can monitor your growth and be able to access your books even if you use Sage accounting software in Canada, the US, or wherever you are and whenever you’d like. You can also connect Sage to other apps you use to run your business to ensure data flows accurately and efficiently between them.
Intuitive and Interactive Dashboard
Sage’s dashboard gives you instant access to the key data about your business and transactions that can help you make informed decisions. You can see your cash flow position and identify who owes you and to who you owe money to.
Report Generation
You can also produce reports that help you identify trends and the important factors you need to make data-driven decisions. You can create reports to fit the needs of your business. These reports can be exported into a spreadsheet so you can conduct further analysis and share them with other team members.
Tax Returns
Sage lets you calculate, validate, and submit tax returns with ease. This feature helps you prepare your tax returns so you can submit them right on time. It also allows your tax preparer or bookkeeper to analyze the variables produced by Sage quickly.
Having all the receipts, invoices and bank transactions in one place also helps your accountant submit VAT returns. With just a few clicks, your accountant can be confident that everything is updated, compliant, and accurate.
Invite and Share Access to Key Personnel
Sage allows you to invite your accountant and colleagues and manage their access settings. Such a feature gives way to a more collaborative work environment as it happens in real-time, which is more secure overall.
Built-In Audit Trail
The built-in audit trail lets you track every user's activity, providing peace of mind that your employees are doing their job and your books are updated on time.
Responsive and Helpful Support Team
It's very easy to get started with this accounting software. If you have questions, Sage Accounting software consultants can guide you step-by-step and provide you with everything you need. All you have to do is dial their customer support number and talk to a representative.
Final Thoughts
Sage accounting software is a great choice for businesses of all sizes. It’s packed with features that make bookkeeping and financial management easy, and it has the power to grow with your business. If you’re looking for a robust and reliable accounting solution, Sage should be on your list.
If you are still looking for a team to work with, Unloop is here. We provide accounting services at affordable prices. If you want to know more about us, explore our website or give us a call and get in touch with one of our friendly team members. We can’t wait to hear from you!