Rethinking Manual Accounting

Rethinking that manual accounting system?

Sage 50 customers reduce the amount of time they spend on managing accounting by an average of 47%1

If you're starting a new business or you’ve been using a manual system such as Microsoft® Excel®, here’s the question you need to ask yourself: is my “free” accounting system really free when it leads to missing opportunities to spend time with prospects and customers? When moving from a manual accounting process, new Sage 50 customers achieve an average time savings of 47%1 on their accounting giving businesses more freedom to focus on the things that are most important to them.

Accounting software helps make managing finances easier and faster:

Maybe you’re hesitating for one reason or another?

I do my accounting manually: it works for me

You can do more with less. Instead of running yourself ragged, you can rely on accounting software to help you create order from chaos, save time, avoid costly errors, make good short-term decisions, and follow sound long-term strategies.

Doing More With Less: 7 Ways to Harness the Power of an Automated Accounting System: How you can automate the many day-to-day accounting functions for your business through the use of an easy-to-use, multi-functional software to give you the information you need to help grow your business.

I don’t know much about accounting or software

You don’t need special expertise to use Sage 50. That means you can tackle routine accounting in-house and save the money you would have spent on outsourcing the job. To make sure that it’s easy to use, we specifically design and upgrade Sage 50 for users without any accounting or bookkeeping background.

It’s all about taxes: I only need to do the books at the end of the year

The reality is accounting is about more than just ensuring accurate and timely tax form submissions. Up-to-date, accurate financial data helps an owner keep a finger on the pulse of a business, see exactly where money can be saved or where revenue can grow, qualify for better terms or credit, and make fact-based strategic decisions.

I use a professional accountant or bookkeeper

You’re needlessly running up the tab with your accountant if you aren’t providing well-organized data. Your accounting professional should apply his time and skills to adding value to your business instead of sorting through chaos. Use your accounting budget wisely: Have your data ready, organized, and accurate. Learn more about how to optimize your accounting professional.

Keep your finances organized from the start

Cash is king: take the mystery out of managing it

Understanding your financial data is a lot easier when every sale, cash collection, and bill payment you transact is entered once and then available across all of your financial statements. These day-by-day snapshots of your business help you evaluate and improve product and service pricing, profitability and cash flow.

Track invoicing and billing

Streamlining your invoicing and billing processes helps you make payments on time and get paid faster. That gives you confidence about cash flow and more time to run your business. Plus, you can review payment history and set credit limits that restrict what slow-paying customers can buy. And with billing and shipping addresses stored in one central location, you’re nice and organized.

Respond to government changes

Every business has to comply with a long list of tax rules and regulations. Complicating matters are the changes to rates, taxability, and filing requirements that occur regularly. Accounting software helps you manage tax collections and payments confidently because it comes with federal and provincial accounting regulations built right in. Get the Facts: Tax Basics and Your New Small Business

Manage inventory effectively

Analyzing your purchases helps you identify suppliers who you can negotiate future discounts with. Reviewing your product mix gives you better visibility into which items are moving quickly and which ones are collecting dust. Replenish inventory based upon sales data and item-by-item profitability. Don’t buy spare parts you already have or stock those you don’t need.

Why Sage 50 Accounting?

Sage knows Canada

At Sage, the source of our inspiration and innovation for Sage 50 (formerly known as Simply Accounting) never changes. Our mission is always driven by the energy and creativity of Canadian business owners pursuing their dreams. Helping them reach their goals is what we do.

Choose Sage 50 because we are . . .

  • Canadian-made for over 25 years.
  • Fully outfitted with built-in Canadian tax regulation compliancy.
  • Used by hundreds of thousands of Canadian small businesses.
  • Backed by Canada's largest network of accountants and bookkeepers— 13,000+ Sage Accountants Network members.
  • Supported for both English and French—application and customer support.
Sage 50 Accounting formerly Simply Accounting
  1. Based on an online survey of 147 new users, conducted April 2013.
  2. Based on independent surveys of 279 Canadian small businesses (conducted 2/13) and 275 accountants who work with small business clients (conducted 6/13).
Nexus: G-WEBCD3