October 30, 2017 1:38 pm | by Loren
Creating a budget is essential for running your business more efficiently. SapphireOne ERP Accounting Software has a simple-to-use and power budgeting tool that is designed to create budgets for small, medium and large sized businesses. It gives you a clearer picture of day-to-day operations. It will help you with maintaining your cashflow efficiently.
Budgeting is Essential in Business
Whether you run a small medium or large sized business, managing your finances efficiently is absolutely critical to operate your business. A good business budgeting system helps you to identify where to spend your money and where savings can be made. That is where budgeting comes in.
Budgeting will assist you with predicting your company’s income and expenses. Business Budgeting will help you identify months when your business is doing well, when your business is slower and when you have more expenses so you can organise your finances.
Budgeting helps identify when you need to save cash or organise some funding to make sure that your business’s cash flow is balanced at all times. If you have accurate financial information, you know where you stand at any given point in time. That is where SapphireOne budgeting tool makes a real difference. It can assist to boost and maintain your business’s profitability.
Manage your business’s budgeting with SapphireOne ERP Accounting Software
With the budgeting tool included in SapphireOne ERP and Accounting Software, you can:
- Know where your business budgeting is heading
- Ease administrative burdens, leading to reduce operating costs
- Get the data you need to set and measure realistic goals
- Analyse past performance and predict your business or organisation’s future
- Get detailed information about all your budget elements, such as cost or expense, resource and income or revenue plans
SapphireOne ERP Accounting Software’s budgeting tool will help you to save on your business’s spending and organise funding when necessary to keep cash flow moving in the right direction. It also helps you to plan a well-structured budget to keep track of your company’s performance against targets you have set yearly or even monthly and weekly.
While a spreadsheet can be a way to budget and a simple-to-use tool to use for budgeting, a good Accounting Software takes much less time and effort to organise a well-structured budget. SapphireOne budgeting tool can export data to an Excel spreadsheet as well as import data or financial information from a Excel spreadsheet. Our software will do all the calculations. It provides budget reports, graphs, charts and many other features.
What Makes SapphireOne budgeting software stand out from its competitors?
While money management or budgeting software typically comes in a stand-alone version, SapphireOne ERP Accounting Software is a complete package. It has a budgeting section that allows you to plan income and expenses on a weekly, monthly and yearly basis. SapphireOne is the complete business, ERP, CRM, and accounting software package. There are no additional bolt on modules, so you get everything.
SapphireOne is an established ERP software vendor that specialises in providing Financial Management System for any enterprise. It can be integrated into the existing financial information architecture, and can provide maximum security, while giving the opportunity for real-time access to information.
SapphireOne financial software is highly-scalable, and supports unlimited users concurrently. It includes all standard features in both Sapphire single user and SapphireOne client server for managing financial systems.
Budgeting features of SapphireOne enables you to manage and maintain your cash flow based on the accurate information regarding your expenses, income, payroll and financial situation.
Here are some ways SapphireOne’s budgeting system can help your business:
- Shows expenses and income month by month
- Organises detailed yearly profit and loss statements
- Identifies where your money is going
- Keeps track of your day-to-day spending
- Maintains cash flow efficiently
- Makes sure you stay on top of all your cash
- Keeps better track of your expenses and income each month so you can better manage cash flow
- Keeps track of your company’s performance against targets
- Job Project budgets
- Revised budgets at GL and Job Project level
Whether you have a small, medium or large sized business, a good budgeting system is designed to help you spend and save both safely and wisely. Discover how SapphireOne ERP, CRM and Business Accounting software suite can help your business by requesting a live demo today.
November 9, 2016 4:53 am | by Loren
There’s no question that a good accounting software package saves time, money and is a game changer for any business.
There is a vast array of accounting software that is currently available in the market. You should be aware that not all of them offer the same standard features. Choosing an accounting software package is one of the most crucial decisions you will ever make for your business. Good Accounting software not only tracks all of the financial transactions within your business, including invoices, sales and your tax liabilities, but it should also track numerous other items as well. These include Clients and vendors, inventory, job/projects, assets, and your payroll/HR payments and reporting requirements. In addition, a good financial package should include the ability to store all documents and customer information (CRM) needed for the management of your business finances.
Good Accounting software :
Good Accounting software should be designed so that not only accountants can follow it, but also management who need to understand the financial processes. An easy to use Accounting software should make many tasks easier by simplifying and automating many of the day to day accounting procedures. With a range of real time management functionality, a good accounting software should also allow for easy management and reconciliation of your banking requirements. It should provide standard financial analysis and reporting of the following. Balance sheets, profit/loss and cash flow reports. It should also have the ability to view your current financial position against any budgeted financial estimates and revised budgets.
If you need basic accounting software for small entry level businesses, you can’t go wrong with business accounting software like Intuit QuickBooks, MYOB, XERO, Reckon, Cashflow manager . SapphireOne also has a good record for small business, with its Sapphire Single-User package which has been supplied since 1986. Read one of our Australian client’s stories for the application of SapphireOne’s small business accounting software packages.
However, if you have a complex organization or you plan to stretch your capabilities so that multiple users can access the accounting Enterprise Resource Planning (ERP) system concurrently, then you have to think differently. An ERP Accounting software solution should, have the ability to take control of business data and processes on an enterprise scale. It is evident from statistical data that for managing large corporation an accounting software requires ERP software capabilities.
An ERP Accounting software should not just comply with the law, but it must provide you with the insight to help you run your business and make business decisions. SapphireOne is offering Sapphire Single-User and SapphireOne Client Server ERP Accounting Software solutions. Our software solution has 8 Modules and these are, Accounts, Inventory, Job Projects, Assets, Payroll/HR, Management, Utilities and Workbook. From locally based accounting software to Global ERP, the SapphireOne financial packages can help you to have a complete understanding of your business financial processes.