TOP SAGE BUSINESS ADVICE FOR SME’S

EditorSage

Many small to medium sized businesses utilise the portfolio of SAGE services to make lighter work of running their company. Businesses around the world report that a staggering 71% of their time is absorbed with tasks such as accounting, invoicing and payment processing.

Freeing up time not only saves you money, it also avoids admin sink holes and allows you to focus on successfully running your business – keeping employees happy and looking after your customers.

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The right software, support and strategy can take your business to the next level. In an increasingly digital age, automation and integration rule. Here is the M2M top SAGE business advice:

1. Choose Integrated Software
Technology can be the difference between a good business and a great business. A faster, more efficient experience will be achieved by integrating your software – saving you time and money in the process. SAGE is the market leader for integrated accounting, business management and payment systems, supporting the ambitious growth of your business. Software provides a single access point, whilst shared data across all departments save time and effort.

2. Conquer Bad Debt
Credit control is an essential element of your business. Having money tied up in outstanding invoices causes cash-flow issues, can impact customer relationships and create debt. With a sound knowledge of your customer base and specialist skills – the correct systems and processes help your business to conquer bad debt, reduce invoicing errors and lessening the ‘wait’ time.

3. Making Tax Digital
HMRC’s move to digitalise tax – Making Tax Digital (MTD) impacts the majority of UK businesses. From April 2019, businesses with a turnover above £85K will have to submit VAT returns through the HMRC gateway using commercial accounting software. SAGE software provides the agile, reliable tool your business needs to make light work of MTD.
NB – always check the filing deadline for your business in your online VAT account at HMRC’s website.

4. Get Comfortable with VAT for Small to Medium Businesses
Charging your customers VAT, keeping VAT records and paying the VAT you have collected is a non-negotiable legality for all VAT registered businesses. If your business is VAT registered, you should charge VAT on the goods and services you provide and reclaim the VAT you pay when you buy goods and services for your business.

5. Protect Your Business with Backup and Recovery
The GDPR was really more of a start date than a deadline. All businesses are required by law to have adequate technical and operational measures to protect the data they hold. Part of this protection includes being able to restore data and ensure its availability. SAGE 200 backup disaster and recovery protects your SAGE system from a serious event, such as a security breach, hardware failure, data corruption or fire damage. Getting your business back up and running quickly can help to avoid unwanted fines and minimalize the damage from (or length of) a business blackout.

M2M Technology is one of the most established and experienced Sage Business Partners in the UK, working with Sage software solutions for over 25 years. We offer a seamless service from conception to go live and beyond – leaving you to get on with running your business.
For expert advice or to discuss your business needs, please get in touch with one of the M2M team.