Sage accounting software and related aspects

Sage accounting software can be an excellent and affordable choice for small businesses looking to manage accounting records and bookkeeping. Sage accounting software helps small businesses to drive the small business by providing easy to use accounting interface, instant report generation, and accuracy of the reports within the accounting system.

Subscription plans

There are three subscription plans available in Sage accounting software. These plans include Accounting start (recommended for business start-ups), Accounting Standard (recommended for an established business with needs of projections and budgeting), and Accounting plus (recommended for full-scale businesses with an intensive requirement for inventory management and transactions in multiple currencies). 

An accounting start involves basic accounting activities like generation of the invoice, reconciliation of the bank statement, tracking of the liabilities, calculation of Value Added Tax, and access to one user.

Accounting Standard provides all the basic features with the additional functions like preparation of forecasted cash flow statement, generation of advanced financial reports, management of purchase invoices, and receipts with auto entry.

Accounting plus provides all features included in accounting standards with the excellently developed inventory management module and invoicing facility in multiple currencies.

Sage modules

The user interface of the Sage software is divided into different modules to ease the process of operational accounting and bookkeeping. There are different modules on the left sidebar of the user interface that include modules for Company management, receivable management, payable management, banking management, payroll management, and Division management. 

The company management module contains a setting for the chart of accounts, journal entries, report generation, general journal, and other tools of accounting management. The receivable management module is used for activities related to sales like generation of quotations, sales orders, sales invoices, and sales receipts, etc., it contains all the tasks related to customers.

The Payable management module is used to initiate the activities like generation of purchase orders, entry of purchase invoices, and payments of the invoices, it contains all the tasks related to the supplier.

The banking management module can be linked with the feeds of the bank. The transactions of the bank can easily be reconciled with the books of accounts like most other cloud-based accounting software.

The payroll management module is designed to manage matters related to employment. It got the capability to generate a list of employees, entry of paychecks, payroll cheque run, and payroll remittance. The division module provides division-wise analytics like divisional sales, divisional expenses, and all other related aspects of the divisional accounting. 

Data security and back-up

Sage is committed to the security of your accounting data. There is a continuous risk assessment of the data securely stored in the server. Sage regularly encrypts the data and makes sure that your data can only be accessed by you.

Why Sage accounting software?

There are multiple benefits of the Sage software. These benefits include but are not limited to the high security of the data stored in the cloud of the Sage, ease of use, cost-effectiveness, makes your desk free from papers, 24/7 support availability, enhanced productivity & efficiency, and accuracy of the accounting cycle.