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Tag: Sage 50 Accounting Software

Why You should choose Sage 50 Accounts

Why should you choose Sage 50 Accounts?

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Why you should choose Sage 50 Accounts?

Sage 50 is Ireland’s leading accounting software. Sage 50 is an easy to use Accounting Software solution for small to medium size businesses. Thousands of businesses in Ireland from brand new start-ups to existing established companies choose to use Sage 50 Accounts as their Sage Accounting Software of choice.

Sage 50 Accounts helps to keep your accounts simple, which gives you more time to focus on improving your business. There are many reasons why choosing Sage 50 Accounts is the right choice, here are 5 great reasons:

  1. Sage 50 Accounts can be setup quickly :
    The process of setting-up Sage 50 Accounts is one that can be done quickly and with ease. Fully setting-up Sage 50 Accounts requires you to complete seven simple steps and from there you can customise to effectively match with your business structure. Sage 50 Accounts even offers a practice mode where you will have the ability to test changes, before you commit fully to making them.
  2. The ability to effectively manage and control your businesses finances:
    Sage 50 Accounts grants you the ability to effectively keep track of cash flow and to manage your cash, card and cheque payments. You can even download the free Sage 50 Accounts Mobile App, which will allow you to stay in complete control of all your finances,regardless of where you are.
  3. The process of accurately calculating your VAT is simplified:
    Sage 50 Accounts simplifies the process of managing your VAT, so that you can be confident that you are successfully complying with VAT legislation. To help you correctly complete your VAT returns, Sage 50 Accounts will provide you with easy to follow guides.
  4. The ability to effectively manage your customers and sales:
    Another ability that Sage 50 Accounts offers is the ability to manage your stock levels and also to easily be able to record any sales, raise quotes and invoices all in one simple click of a button. You will also have the chance to create invoices with a professional look and/or customise invoices with details such as your logo. Sage 50 Accounts also helps you to identify sales patterns and trends that may be appearing in your industry, thanks to a wide range of customisable reports. Outstanding customer invoices can be viewed with the click of a button and there is a selection of customizable letters & emails to use to contact customers.
  5. Information to analyze and understand the performance and success of your Business:
    The customisable reports in Sage 50 Accounts greatly help you to keep on top of your cash flow, by easily identifying who owes you money and who you owe money to. You can also run profit and loss reports that allow you to see just how profitable each particular area of your business is.

As Sage Ireland Partner of the Year 2018 and the ‘Sage 50 Irish Partner of the Year 2015, 2016 & 2017’, Pimbrook is ideally positioned to ensure you get the most out of your Sage 50 (Sage 50c) investment, whether you are a new or existing user.

If you have any questions or need help to choose the right Sage 50 software package for you, then call us on 051 395 900 or arrange for us to call you back.

7 Key Ways To Foster Innovation In Accounting Firms

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It’s rightfully said that there’s no such thing as standing still in business. We’re either growing or declining, and there’s simply no in-between.

7 Key Ways To Foster Innovation In Accounting Firms

This is probably even truer in the area of accounting, as there have been a number of important developments in recent years that demand change and a willingness to adapt.
Probably the most important of these developments have been the concept of machine learning and the arrival of the phenomenon that is Big Data. The immediate challenge of Big Data is how to obtain it, so there is a gradual move to robotic processing of information.

These new challenges should not be faced with fear or trepidation, as they are opportunities as much as challenges. So with that in mind, let’s have a look at how innovative accounting solutions – such as introducing small business accounting software like Sage 50 – is just one of the routes you can take to greater innovation.

  1. Innovate Your Processes And Look To New Technologies With Confidence:

    Unlike bygone days, the modern-day accounting firm is a partner to its clients, and much more is expected of it outside the sole area of financial bookkeeping. Today, accountants are expected to provide a highly informed view of the client business, plus the sector it operates in.

    Accounting innovation, of course is one of the keys to unlocking this additional time by automating repetitive tasks that don’t add much value to the client relationship. This and other ways of reducing time inefficiencies is by embracing the benefits of small business accounting software such as Sage 50.

  2. Be prepared to experiment:

    One of the biggest problems with doing something for the first time is that there’s no road map – nobody to tell you that this is how it should be handled. So, it stands to reason that the failure rate for genuinely innovative offerings will be higher than a ‘safer’ route, where you keep on trotting out the same offerings.

    In other words, you have to build in an element of trialling. For example, you might invite a small handful of clients to take part on a pilot programme, so these will be the only ones who know if the programme is not as successful as first thought, but maybe not all of the idea needs to be discontinued.

  3. Make sure it starts from the top:

    Genuine innovation involves a big change for the company – and for its staff. In order for it to be truly embraced at the earliest possible stage, the commitment to innovate needs to come from the very top. If it’s seen that there’s a genuine hunger for innovation at senior management level, then there’s a much greater chance of getting your staff on board.

  4. Look to services outside your normal offering:

    One of the greatest contributors to stagnation and decline is the notion of ‘sticking to what you’re good at’, i.e. trotting out the same old services, even though the demand from the market may have moved on. You may always have been regarded as the go to guys for Mergers and Acquisitions, but this doesn’t have to mean that you can’t be considered in other fields as well? And remember that the greater the number of services you offer, the greater your income stream, and the greater the opportunity for cross-selling or upselling.

  5. Change your markets:

    For some accounting firms, they tend to make a name for themselves in a particular market sector – especially in the early years. Once they’ve landed their first Distribution Company, for example, there’s a danger of seeing themselves as a Distribution Company specialist. This is fraught with danger, however, as it tends to blind you to other opportunities. Could small business accounting software such as Sage 50
    help you to become a master-partner for all SMEs, for example, or become the go to firm for start-ups?

  6. Look to other industries for inspiration:

    If you want a long-term relationship with a client, there’s a lot to be said for copying the best practices of companies who do this well. The advertising industry, for example, will frequently have a dedicated Account Service Director, who takes a helicopter view of the relationship, and looks after the big picture elements of the business. Having this form of relationship in place can yield real results in cementing the relationship. For example, if a particular client is cash-poor at a particular time of the year, reflecting this in your monthly billing could be hugely appreciated – and lock in the client for the long haul.
  7. Innovation takes time:

    We all get bogged down in the day-to-day minutiae of our jobs. But if fostering innovation in accounting is to be given a chance to flourish, there is a need to put aside quality time. This could be a company away day, for example, when the brightest minds in the organisation are given free rein to come up with the ideas that will drive the business tomorrow. Also, don’t forget that the best ideas can come from any source, whether it’s the office junior, an intern, or even a client. So make sure that everybody has easy access to management if they come up with something big. This could be anything from an old-fashioned Suggestion Box to a quarterly Ideas Lunch where staff can chew the fat with each other and see what comes up. So there you have it – seven great tips for making sure that your company constantly reinvents itself – and constantly remains relevant to your client. If you even introduce one or two of these practices, we’re confident that you’ll be well on the way to a more innovative and fearless company.
Sage 50 Tips

4 Simple but effective Sage 50 tips to follow

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Sage 50 is an easy to use online accounting software solution for small and medium sized businesses. Sage 50 offers features such as accounts payable, accounts receivable and cash flow management.

  1. Know your Sage 50 Support options:
    Having excellent Sage 50 Support on hand and readily available is vital as when you have questions and problems you will need an answer straight away to avoid downtime and other complications. Pimbrook has achieved numerous business awards over the years for their excellent Sage 50 Support, such as ‘Sage 50 Irish Partner of the Year’ 2015, 2016, 2017 and overall Sage Partner of the Year for 2018 and while we are proud of these, our main focus is to always deliver to our clients, exceptional Support, at all times.
  2. Compile a Monthly Sage Accounts Checklist:
    By preparing a monthly sage accounts checklist you can make the process of doing your monthly accounts easier and more efficient. When doing your monthly accounts through Sage with your newly prepared checklist on hand you will be sure that won’t let anything important pass you by.
  3. Know your Sage Function Shortcuts:
    The Sage function keys are designed to save you time and effort in the often fast-paced office environment where time can regularly be in short supply. Sage key functions from F1 to F9 are all designed with specific shortcut functions such as F1 which when pressed will generate the relevant help topics for that particular screen or F5 which when pressed opens a currency converter in a numeric field and also a spellchecker in a text field. By learning off your Sage Function key shortcuts you will not only increase your speed efficiency but it will also make the work that bit easier for you.
  4. Protect your data:
    As the data stored on your Sage 50 Accounts can be of a sensitive nature it is paramount that your Sage 50 Accounts are not only secure but maintained regularly to ensure their security. A great way to protect your data and ensure its safety is to schedule daily backups so worst case scenario you will have the most recent copy of your data saved from earlier that day should anything go wrong. Backups can be scheduled through The Sage Accounts Backup Manager.

For more information on Sage 50 and our excellent accounting solutions please feel free to get in touch with Pimbrook Software Ireland’s overall Sage Partner of the Year 2018.

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