Processing your accounts is an important, but often time-consuming process. Time is often as valuable a resource to businesses as money. After the first blog where we listed six time saving tools, we’ve created a second instalment, where we have listed seven more ways that you can use Sage features and tools to help save you time and process your accounts more efficiently in Sage 50cloud Accounts.
Supplier Payments
When making payments in Sage 50 Accounts, you can use Supplier Payments to directly pay your suppliers from your Sage software, so there is no need to re-key any data, or spend time manually downloading and uploading files if you use e–payments.
Emailing invoices directly from Sage 50cloud Accounts
Rather than spend time manually creating invoice layouts to attach to an email and send via your email provider, you can save time by sending reports and layouts by email directly from Sage. You can integrate your Sage 50cloud Accounts with the email service you use, then you can select an invoice in Sage, automatically produce an invoice layout with the correct information, and send it directly to the customer linked with that that invoice.
Sage Pay button on invoices
When you send invoices, statements and letters to your customers you can use Sage Pay to include a Pay Now button. Your customers can click Pay Now to make an immediate card payment using Sage Pay. This helps speed up the payment process and helps with your cashflow.
Filters
Sometimes you may only want to see a list of records that meet a certain condition. For example, showing customers who have been invoiced after a certain date, or suppliers with a balance on their account. Rather than trying look for a report, or manually going through each record, you can apply filters to restrict which records appear in all of the modules (except Bank), to help you locate information quicker. In addition, when using filters you can produce a report that only shows the information shown after the filter is applied.
Payroll nominal link
If you also use Sage 50cloud Payroll you can save time by using the nominal link to automatically post your salary journals from Sage 50cloud Payroll to Sage 50cloud Accounts. This saves you time from having to manually enter any journals in your Sage Accounts software.
TIP: If you don’t use Sage 50cloud Payroll to process your payroll, and are interested to find out more about it, submit your details and we’ll be in touch.
GoCardless
You can integrate Sage 50cloud Accounts with GoCardless to take payment from your customers using Direct Debit. The advantage of using this Direct Debit function is that it saves you time chasing payments from customers, and these payments are automatically processed in your accounts when GoCardless is integrated with Sage 50cloud Accounts.
CIS module
If you carry out construction work in the UK as a contractor and you're registered with the Construction Industry Scheme (CIS), you can cut down the amount of time you spend managing your subcontractors' tax. With the CIS v2 module it makes it easy to:
- Verify subcontractors' CIS details online with HMRC.
- Apply the correct deduction rates to payments.
- Submit HMRC CIS Returns online.
- Make corrections and resubmit amended returns.