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Is the future of accounting in the cloud?

David Allen

Many businesses are now looking to the cloud for their accounting solutions.  As a Sage Accredited Partner we are delighted to see them offering a number of products with cloud capabilities, allowing businesses to work more efficiently.

Sage One Accounts

Sage One Accounts is a fully cloud based software designed for small to medium sized businesses.  Initially aimed at small companies it wasn’t as advanced as Sage 50 Accounts and lacked in reporting and customisation.  However, following developments over the last couple of years the software has now enhanced its range of features and functionality and is now comparable with Sage 50 Accounts.  This software has the advantage of being totally online with no installation or set up required.

Sage One Accounts is competitively priced and offers someone new to accounts or bookkeeping a great introductory package.  It looks more advanced than Sage 50 Accounts, with drill down graphs and charts, and it also boasts live exchange rates and real time bank feeds.

Sage Drive

Sage Drive is available to those with Sage Instant Accounts and Sage 50 Accounts.  It incorporates the desktop software you are familiar with, with hybrid online capabilities.  Each computer running Sage 50 Accounts needs to have the software installed, however, Sage Drive allows web access without the need for a network.  The master computer holds the data and invites others to access this through an email invitation and password.  As standard you get one remote user, the idea being to allow access from home.

Once set up Sage Drive allows computers in multiple locations to share and work on the software at the same time, with any changes made by any of the users being seen instantly by everyone.

Sage 50 Accounts updates

Bank feeds is a new feature recently introduced into the latest versions of Sage 50 Accounts.  Bank feeds allow you to download live bank account transactions and compare them to your Sage 50 Accounts transactions, match your bank transactions to those in Sage 50 Accounts, and create any missing transactions.

This feature will improve efficiencies by reducing the time you spend entering bank transactions, simplify your bank reconciliation and ensure your accounts are reflecting your bank transactions in real time.

To find out how cloud accounting could benefit your business through Sage products or for a quote to upgrade your current accounting software, please contact the team on 01228 711888.

 

Posted: May 8th, 2017