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Why Accountants Use Sage Accounting Software
by Theda Alvear Professional translation consultantWhat features of Sage accounting software make it popular with accountants? There are numerous features of the software, which we will run through in this brief report. It may even give you some tips on how you can use your accounting package to greater effect!
First of all, the software is designed to make it easier to manage cash flow and process payments quickly and efficiently. This is because the software keeps a tab on all invoices, direct debits, standing orders and more. as a result, you can check which payments can be made quickly and which require more funds. This means you can keep your suppliers happy and ensure your business operates smoothly without a decline in resources or supplies.
The system also monitors incoming funds, and any investments or savings that the firm has, which are all logged and accessible in the main Sage accounting dashboard. Here, you can ensure that your cash flow is always in the black.
Why else do accountants love the software? Notably, it is the ability to deliver key data to the CEO or MD using the optional Business Intelligence module. This makes it easy to present all the key data in a way that the boss will understand, avoiding any confusion. The boss will also love this because they can drill down into all the detailed analytics, and help understand what the accountant is working on. There is nothing better than a pat on the back from the boss when you have demonstrated saving the company a lot of money while boosting profitability!
Sage accounting software also gives you a to work together with the sales and marketing department. With the software package, you are able to track the success of marketing campaigns with a monetary value, by tracking marketing, to leads, to sales, to repeat purchase, to income. The software lets you track every aspect of how your customers spend money with your company. You can then help the sales director to identify gaps or opportunities by sharing the key data from the accounting dashboard. This can contain data like how many repeat customers the company has, how many leads turn to sales, how much the average deal is worth, and much more. The insight here is enough to turn a good company into a great one.
A major benefit that is of use not just to the accountant, but also the entire C-suite, is that the measurement metrics used in the application can be adapted. Sage accounting software allows you to report profit with a range of metrics. This may include profit per employee, profit per store, profit per customer, profit per region, and more. So why is this important? Changing the metric like this can help you identify trends in your company’s growth and fuel this growth further as a result. Another thing Saga accounting lets you do in this area of the software program is to cut costs. By measuring profit per employee, you can get the insights into employees on billable time, versus non billable time. This means you are able to improve your company’s profit as a whole, rather than just those who operate on billable time.
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About Theda Alvear 
Professional translation consultant
4 connections, 0 recommendations, 34 honor points.Joined APSense since, October 23rd, 2013, From Norwich, United Kingdom.
Created on Dec 31st 1969 18:00. Viewed 0 times.
