Convert to Sage Business Cloud Accounting
What is Sage Business Cloud Accounting?
Formerly known as Sage One, Sage Business Cloud Accounting was designed with small business owners and freelancers in mind. This means it is affordable but also packs a solid set of features, such as invoicing, reporting and expense tracking. The software has two plans available, one for individual users and one for teams.
Like many software solutions in 2021, Sage Business Cloud Accounting’s pricing is based on a monthly subscription fee This frees you from having to purchase licenses, download updates, renew annual plans, and distribute limited licenses across your company. The subscription-based model ensures Sage Business Cloud Accounting’s price is competitive with similar accounting software platforms, and you don’t have to worry about manually updating the latest version.
How to Convert to Sage Business Cloud Accounting?
Converting to Sage Business Cloud Accounting is quite easy. You simply need to perform the following steps-
✤ Register & Fill out the Form
- Visit the conversion page on the Sage Business Cloud Accounting website
- Complete the form. You will need to provide certain basic personal information. The same will be kept safe at all times
✤ Provide Access To Your Accounting Data
You may provide the Sage Business Cloud Accounting team with your access details. Alternatively, you may upload an export or backup of your administration. You may opt for any method, based on the solution you are using.
✤ A New Sage Accounting Organization will be set up
The Sage Business Cloud Accounting team will set up and populate a new Sage Accounting Organization, exclusively for you. For this, they will use the data you provided in the previous step
✤ Conversion of your existing data
The highly advanced algorithm employed by Sage Business Cloud Accounting would convert your existing organization to its standard format. The same will then be loaded onto your new account.
✤ Handing over
In this final step, the access to the new Sage Business Cloud account will be handed over to you, post successful conversion.
Read Also-: Sage Security Shield for Sage 50cloud
Why should you convert to Sage Business Cloud Accounting?
Sage Business Cloud Accounting offers several important tools and features, keeping in mind the unique requirements of self-employed entrepreneurs, freelancers and other businesses. Some of these are –
Total Time: 33 minutes
A) Time-Saving Features
🔹 You can create quotes, invoices and estimates and directly from the software with just a single click. This saves the time needed to generate these documents and reports manually.
🔹 You can also accept payments from customers by linking your Stripe account to Sage Business Cloud Accounting. You can also connect credit card and bank accounts to this software, which will allow you to automatically download the transaction history. Thus, you can quickly reconcile accounts with the help of the smart bank reconciliation tool.
🔹 The mobile app by Sage will help you create and send invoices, track expenses, take photos of receipts and check the general health of your cash flow.
B) Reporting Features
🔹 Over 20 financial reports, including balance sheets, profit and loss statements, general ledgers, trial balances and aging reports are available in Sage Business Cloud Accounting. If you frequently need to generate the same type of report or statements, you can save it as a favorite by clicking on the star icon. These reports will then be grouped under the favorites section.
🔹 If your business is interested in analyzing your accounting data, having quick access to different types of reports is valuable for you. Such real-time data can help you make key business decisions.
C) Software Integrations
🔹 In the Sage Marketplace, there are as many as 40 integrations possible for Sage Business Cloud Accounting.
🔹 This enables you to connect Sage to multiple business systems to enhance the effectiveness of your operations.
🔹 To give you an example, you can connect the software to your point-of-sale (POS) system to record and categorize transactions automatically.
This will save you time and labor needed otherwise in financial reconciliation.
🔹 You can also integrate it with your customer relationship management (CRM) systems and ensure the best services for your clients.
D) Inventory Management
🔹 Sage Business Cloud Accounting can reorder products, track inventory, and adjust stock quantities manually if your company sells /tracks physical products.
🔹 When you have a large number of items, you can bulk-import the list through spreadsheets. This will save the time you need for entering data manually.
🔹 You can also add product descriptions, mark different sales prices for each item and categorize them as deemed fit to you.
We hope the above discussion would provide you with enough information about how to convert to Sage Business Cloud Accounting. If you want to know anything more about this version or you want assistance in installing it, you may speak to some experienced Sage professionals.
Accounting Professionals & Specialized Experts
Want quick help from accounting software experts? Get in touch with our team members who can install, configure and configure your software for you. Proficient in fixing technical issues, they can help you quickly get back to work whenever you encounter an error in Sage software. Our team is available 24/7 365 days to assist you. To get in touch.
💠Frequently Asked Questions💠
What existing Data will be converted during the Conversion to Sage Business Cloud Accounting?
The following sets of your existing data will be converted-
🔹 Supplier Details
🔹 Customer Details
🔹 Customer balances
🔹 Individual transactions as desired
🔹 Chart of accounts
🔹 Account balances
🔹 Stock/Inventory Items (Untracked)
🔹 Supplier balances
What Existing Data will not be converted during the Conversion to Sage Business Cloud Accounting?
The following types of your existing data will not be converted-
🔹 Classes / Projects
🔹 Product/Sales Items
🔹 Fixed Asset Registers
🔹 Sub-account structure of the chart of accounts
🔹 Default nominal codes, tax rates and payment terms
🔹 Open/Draft Transactions
🔹 Custom VAT rates
🔹 Time-sheets/Time Records
🔹 Invoice and other Templates
🔹 Deleted or cancelled transactions
🔹 Payroll and Employee Records
🔹 Nil value invoice line items
What is the Expense Capture Feature in Sage 50 Cloud?
Expense Capture is one important feature in Sage 50 Cloud. Very often, we tend to lose/ misplace expense receipts and once they are lost, they can’t be claimed later. With this feature in Sage 50 Cloud, we can just take a snap of a receipt with our smart-phone, include a brief note regarding the said expense and migrate this into the Sage 50 Cloud through MS Office 365, already integrated with the program.
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