Until the 1980s when technology and computer software development really progressed, accounting was a long and laborious task, requiring all notations and financial data to be analysed, recorded and stored by hand. Accounting software introduced a quick and reliable method of tracking accounts that has revolutionised the industry.

WHAT IS A SAGE ACCOUNTING SYSTEM?

A Sage accounting system is a computerised package that has numerous facilities to process your financial information. The system collects your information, classifies it and then summarises the data in an accessible way to allow the user to view their financial information in simplistic terms.

THE BENEFITS

RULE OUT HUMAN ERROR

By having a completely computerised method of storing all of your financial information, you rule out the risk of human error, such as jotting down the wrong figures or misplacing information. These seemingly small errors can have a catastrophic effect on a business’s financial standing, so having an accurate system is hugely beneficial to the user.

REAL TIME FINANCIAL INFORMATION

With Sage 50cloud Accounting, You can access your account and see all the transactions and your cash flow to date as the system is updated in real time. This is handy if you need to check you can afford unforeseen costs or to confirm which transactions have been processed.

LESS TIME CONSUMING

Data entry can be carried out much quicker than if it were done manually, and the information only has to be entered into the system once, even if it’s to be used for many purposes.

KEEP THINGS SIMPLE

When businesses grow and develop, accountancy becomes much more complex. Computerised accounting systems sift through all of the data easily and make the process much more straightforward than manual accountancy.

COST EFFECTIVE

Sage accounting systems are quick and efficient, which makes them much more cost effective than paper based accounting as the work requires less hourly paid work. Furthermore, the systems are usually issued at a very low monthly subscription cost.

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