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Sage One Accounting (Review)

Sage One Accounting is the new buzz word in the bookkeeping environment, mainly for few very good reasons. Sage One offers a variety of wonderful benefits. Below some of the outstanding features of this program:

1. Bank feed or bank statement upload function

The bank account can be set up to automatically feed in to the cash book. Some of the banks do have some issues with this currently, but you can still upload an OFX file from your bank statement onto the bank.

Both these options above causes the user to save a tremendous amount of time in capturing.

2. Automatic mapping of expenses

Once a bank account has been setup as explained above, the user can map recurring expenses in the bank account to automatically allocate entries to certain accounts.

The mapping also includes the allocation of VAT entries.

3. Recurring invoicing

Where a user has recurring amounts to be invoiced, it can be automated to be send on a specific date. These recurring periods can be a variety of options, including daily, weekly, monthly or annually.

The recurring batches can be setup to be automatic from a certain period or as a draft that will need to be authorised before it will be send out.

4. Monthly reporting

Once all processing has been done, the program allows for easy financial reporting options. Management reports can be viewed in various formats. My favourite is the month to month comparison for the financial year to date.

5. Cloud based

One of the real great benefits for me using this program is the fact that I can work at anytime and in any location on this. As long as I have proper WiFi connection and can work in this program.

6. Time saving

Because of almost all the previous benefits, the ultimate benefit of Sage One Accounting program is the amount of time saved from the "old school" accounting systems. I need to close of 3 sets of books every month, which used to take me about 2 days to finalise. These days, working on Sage One Accounting, month - end takes a morning of my time.

Feel free to contact us below for a 30-day free trial or assistance to setup up your Sage One Accounting. We also assist clients with our monthly accounting service program. Please remember to ask the consultant.

Online Accounting South Africa is managed by a registered tax practitioner with practise numbers with the Institute of accounting and commerce (IAC), The South Africa Institute of tax professionals (SAIT) and South African Revenue Services (SARS).


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