Migrate Freshbooks to Sage
Does your business rely on spreadsheets for stock and inventory information? You know that spreadsheets aren’t designed for inventory management. First, it requires manual updating – which is both error-prone and time-consuming. Without real-time inventory data, it’s harder for you to forecast your inventory needs accurately. Getting caught short with stock can lead to disappointed customers and lost sales opportunities. Having too much inventory on hand increases capital carrying costs, storage costs and, of course, erodes profits. This is where business inventory management software, like Sage, can help. Sage improves forecasting and the order quantity process. Sage makes it easy and possible to share real-time inventory status to all your teams, like sales and production, which is vital to the health of your business.
Five Questions to Ask Before Choosing Your Accounting Software
What should you ask before you choose your accounting software?
- Will this accounting software grow with me?
You want your business will grow. As it does, what’s needed from you as the owner will become more complicated, too, as will the need to know more about business management. But when you have good accounting software that will grow with you, you’re in good hands. Sometimes it takes additional packages by the same software vendor coming into play as your business develops new requirements, like payment processing or bank feeds.
- Can the right people get the information they need?
In a contemporary, forward-thinking business, financial data is shared instantly with those who need it. Perhaps, a sales team might have access to a dashboard showing insights into its financials to help with its progress. This kind of culture promotes success and growth – and at its heart is the right accounting software. Creating a particular dashboard or report is necessary, as is the ability to share them with key stakeholders easily.
- Will it keep up with tomorrow’s technology?
Another up-and-coming technology on the horizon from an accounting perspective is blockchain. The most well-known implementation of this is a cryptocurrency, which includes the likes of bitcoin. Cryptocurrency is already accepted by many businesses worldwide, and governments are experimenting with the technology while people use it for investments. Will your current accounting system keep up?
- Does the software help me to remain compliant?
It’s tough being in business, especially if you’re a new business owner when legal requirements seemingly come from all sides. The most obvious is ensuring you take care of your taxes. Another common compliance area is payroll and pensions, where the rules can be complex, but software can quickly simplify the workload.
- What reports and dashboards to get right away?
The very best accounting software includes at least one dashboard, and it can be revolutionary for a business. Rather than having to run a report every single time you want to see data in context, you can simply take a glance at a dashboard and see live, up-to-the-minute information. Seeing data in this way means you can become responsive and truly track trends and developments or simply stop any problems before they have a chance to become truly problematic. Compare that to the days of periodic and basic reports, which forced people to be reactive and make decisions based on things that had already occurred.
Your business may have started as an idea or a passion, and you probably weren’t even thinking about the numbers. But if you choose the correct accounting software, it will help drive your idea and passion forward. You want your software to support your vision and passion and not just take care of the numbers.
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Do you want to learn more about hiring websiteTOON Consulting as your Sage Migration Consultant? Call 647-987-8780 or email info@websitetoon.com for additional information.
websiteTOON Consulting also offers Quickbooks to Sage migration, Waveapps to Sage migration, Xero to Sage migration, and Zoho to Sage migration.