Sage is a good management tool

24th February 2011

... Comments

Many people buy Sage and use it to simply record the day to day financial transactions of the business However it should be used to help manage the Business by;

Monitoring and managing costs
Identifying unpaid invoices to then chase payments
Identifying how much is owed to each supplier and when payments are due
Job costing or to Identify how much profit has been made on a particular job
Identify the best selling lines
Monitor monthly profit to provide for Tax at the year end

All of this information can help you make informed decisions about how to grow and move your business forward. You will be able to identify Cash flow problems or if a job has not made profit you will be able to adjust pricing for future. Jobs lines that are not selling well can be discontinued to make way for better selling lines.

If you confused by any of this information, Sage, or need any book keeping support please contact;

Anita Alcock at gala.accountancytraining@yahoo.co.uk or call 07779185457.

Click here to find out more about Gala Accountancy Training Walsall.