What You Should Know About Sage 50 Software and Prices.

Sage 50 is a world-recognized accounting software product designed to make bookkeeping and accounting processes simpler, easier, and faster for small, medium, and growing businesses. The software has evolved over the years with improved functionalities beyond the usual invoicing, payment, banking, expenses, inventories, and financial report.

As a small business owner looking for the best version of Sage that will work for your line of business, here is a detailed comparative review of the 3 Sage 50 products:

 

See our Sage 50 Software Products – View Price Offers

Sage 50 Pro Accounting

This is the basic version of Sage 50 that comes as an easy to learn, easy to use financial software solution for the accounting needs of SMEs. Sage 50 Pro is only available as 1 user.

Continue reading “What You Should Know About Sage 50 Software and Prices.”

You Can Now Import Your Bank Statement Into QuickBooks Accounting Software!

Our strategic team of accounting and financial software professionals have been working on resolving the biggest challenge of our fast-growing clients in retail, distribution, real estate, hotel, travels, etc. We tagged it “the biggest challenge”, because it does not just hinder them from keeping their cash flow in check, but also a major test of how accurate their accounting software transaction entries had been. Every day, we receive enquiries from business owners, CFOs, accountants, etc., on how they can fast track their bank reconciliation processes, especially when they have a backlog of past receipt and payment transactions to treat.

A few weeks ago, this was a major setback for one of our clients who recently bought the QuickBooks. She wanted year 2015 (the year she started the business) to be the year of the opening balance. They already had two (2) years’ transactions recorded via invoice in excel, receipts and cheque on their bank statements. The need for the actual year the business started and its transactions, to reflect on the bank statement was tied to the fact that a major private equity company wanted to invest in her company, and there was need to review her transactions’ history. There was absolutely no way she could convince them (the investors) to use the current opening balance, hence we had to commence the process of developing our in-house bank transactions import software, known as ‘Bank Statement Pro’.


With Bank Statement Pro, You don’t have to wait for month-end reconciliations again. 

Contact us for pricing and setup – Call 08105090001 or mail at info@accountingsoftware.com.ng


“Bank Statement Pro” is a flexible bank transaction import application specifically developed to help you save time and improve productivity. You can easily upload the bank statements of any Nigerian bank in excel, map the relevant column on excel to their corresponding heads in QuickBooks and sync all transactions to their appropriate account. Even a novice outside the field of accounting can use the software, as it doesn’t require any special accounting knowledge or skill.

The software does not only reconcile your bank statement with QuickBooks, but also designed to track every inflows and outflow in your bank statement, map them to their respective account heads in QuickBooks, and eliminate the need for month-end reconciliations since all transactions have already been taken care of.

Reconciliation is a task every profit-minded business owners, CFOs, accountants, and finance managers must carry out if they truly want to understand their cash positions, track actual profit or loss, and generate a reliable financial report. Just imagine you already have a software that records every deposits and withdrawals on your bank accounts on a daily or weekly basis? Do you think reconciliation would still be necessary or required? No! That’s exactly what “Bank Statement Pro” would do for you and that was why we developed “Bank Statement Pro”.

Whether you have one or multiple banks to import transactions from, “Bank Statement Pro” can help you save time on importing high volume transactions.

We are still improving the financial application to connect directly to your bank via an API. For now, you can only import bank transaction statement from excel. What this means is that any time you want to import bank transactions, you need to download it in excel from your internet banking application or contact your account officer to send a weekly statement.

Bank Statement Pro is here to help you import your GTbank, Skye, FCMB, Fidelity, Eco Bank, First Bank, Heritage, Diamond Bank, Unity Bank, Union Bank, Wema Bank, Zenith Bank, UBA or Stanbic IBTC Bank statement into your accounting software!

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How To Migrate From Sage50 To QuickBooks Software.

For a couple of weeks now, we have been receiving numerous phone calls at our Accounting Software Support Centre. Business owners want to know how they can migrate from Sage50 to QuickBooks Accounting Software. This is because of the incomparable numerous benefits of the QuickBooks. Among several other benefits of the QuickBooks is its’ cost saving implication. Also, is its excellent ability to track cash flow for appropriate finance management.

Although the process is not a straightforward one, but if you follow the steps below, you should not have a difficulty.

If you are to do a manual conversion, export all invoices, payments, and expenses from Sage50 to excel, then import the excel figures into QuickBooks. Intuit has a very simple and effective tool to handle these processes in less time.

QuickBooks Conversion Tool – Move from Sage50 to QuickBooks Desktop.

The QuickBooks Conversion Tool right inside the QuickBooks software allows you to move your data from Sage50 into your Pro, Premier or Enterprise Solutions.

To initiate the process of import, here are the conversion steps:

  • Make sure you have a genuine licensed QuickBooks software – this is very important as you have a direct support service to enjoy from QuickBooks resellers or technical team. You can visit our store at AccountingSoftware.com.ng/shop, connect with us at info@accountingsoftware.com.ng or call 08105090001 or 08084219399 for support on purchases.
  • Your system requirements should be 4GB RAM with NET 2.0 framework installed.
  • Backup your data file in Sage50 and save it with a recognisable name.
  • There is a conversion tool available for seamless transition to a more flexible transaction and reporting function in QuickBooks, download it on your system. If you don’t have it, we can help you handle the whole process.
  • When the tool is downloaded and installed, run it and locate your Sage50 file (the one you backed up and saved initially) when the installer prompts you.
  • Press the button and let the process of migration begins.
  • Manually enter your company information by copying and pasting between Sage50 and QuickBooks.

The above are the steps involved in migrating your transactions in Sage50 to QuickBooks Pro, Premier& Enterprise. You can also request for our technical support in data transfer.

Connect with us at  infor@accountingsoftware.com.ng or call 08105090001.

Features & Cost of Warehouse Management Software For SMEs

For small business owners who imports, manufacture or distribute products on daily basis, it’s a known fact that one of the biggest challenges confronting them is an effective warehouse and inventory management processes. SMEs in the pharmaceutical, supermarket or chain store, wholesale or retail sector knows what I am talking about.

To buttress my point, I will be sharing how this almost ruined a client in the health and fitness business (Name withheld). They are a well-known fitness equipment distributor supplying over 100+ treadmills, sit-up bench, stationery bike and dumbells to small and mid-size gym centres across Nigeria.

One major challenge the owner shared with me was inventory variances – inaccurate stock report against actual quantity – they couldn’t track the actual quantity of products in the store because the warehouse is big and situated in 5 different locations in 5 states which even paved way for the store managers to sideline certain product, sell secretly and replace with worn out stocks.

Besides, how often and effectively do you think the fitness business owner can travel/monitor each of the five warehouses in five different states? This is a challenge he would have addressed easily if there was an inventory or warehouse management software solution properly implemented at each unit.

The key point is that as you foresee future growth or expansion or foretell the complexity of managing inventories in the warehouse – single or multiple locations, the first step to take is to install an accounting software with warehouse management feature.

What are the features of a warehouse management software – QuickBooks Enterprise Solutions

A small to medium business looking for a warehouse management software should consider the following as a basic guide to selecting the right solution:

  • It should have a single or multi-warehousing feature so that as you expand to construct or buy establish your store or outlets in more places, the software should be flexible enough to add a new location to your existing list.
  • On product, a great software doesn’t only keep the record of the name but also provide fields to enter manufacturer’s ID and bar code details to avoid replacement or theft.
  • It should be given multiple users concurrent access to the central data file so that each stock keeper can work from a different location or at times, you can have one warehouse with multiple store managers.
  • Accountability is very important – every transaction, both inventory receipt or delivery note raised for inventory issue to clients or customers, should be traceable to a user, which is only visible to the admin.
  • The software should also track warehouse transfers – transfer of inventory from one store to another with a record reflecting real stock status in each location – quantity on hand as the close of business day and value in local currency.
  • For control purpose, your inventory software should have a “Physical Stock Worksheet”; a feature that tracks what’s actually on hand and the expected balance.
  • A Daily, weekly and monthly report is also a must – so you can track your inventory movement without being physically present in all locations.
  • The accounting side of your inventory software is also important, though optional but I recommend you opt for a financial software that has accounting functions and inventory management so you can monitor your overall business performance.

While these tips will help you understand the real features of an inventory management software, you can view our online store for pricing and set-up services.

But if you still have more questions on specific inventory challenges you may want us to address first, send a mail to info@accountingsoftware.com.ng

Sage 300 ERP Online Review & Price List

Sage 300 is a comprehensive business management solution designed to keep your total cost
of ownership low by supporting multiple technologies, databases, and operating systems. Sage 300 gives you the opportunity to add users and adopt greater functionality as your business grows and offers built-in support for multiple languages and multicurrency transactions, so your business can comfortably reach around the globe.
Sage 300 connects your entire operation with a single, integrated solution that provides you
with greater visibility, making it easier to share information and communicate.

Sage 300 Functions
Sage 300 combines all organisational and business processes information within a single system. It consolidates information to provide complete data integration which offers its users an efficient workflow engine and comprehensive reporting tools – an ideal basis for making fact-based decisions in key business areas. To ensure that a business runs efficiently Sage 300 supports accounting, purchasing, sales and inventory, CRM, project and manufacturing operations within a single environment. Information is loaded into Sage 300 and is distributed throughout the organisation with no need to re-key data – improving efficiency and reducing errors.

See Our Sage Software Offers – Click Here

 

 

 

 

 

 

 

 

 

 

Sage 300 for Service Industries:

Sage 300 Features and Benefits
1. Improve Business Insight
● A Single Interface for your whole Organisation – With control over Sales, Finance,
Purchasing, CRM, Project, Manufacturing and Inventory, 300 ERP gives you unparalleled
integration across all business functions – plan and respond faster, improve performance
and efficiency, and cut costs.
● Make better-informed decisions – Sage 300 user-defined dashboards provide actionable, real-time, graphical representations of statistical information so that key business indicators
can be monitored and acted upon.
● Advanced reporting – Sage 300 integrates with Microsoft Office so that users can
manipulate data in a standard format without losing accuracy and consistency provided by the ERP solution.

Flexibility and Compatibility – Sage 300 is an ERP application that embraces “Web 2.0” to
give you fast access to your critical data anywhere in the world. In addition, seamless alignment with pre-existing IT environments makes Sage 300 simple to integrate into your business. And, catering for up to 2000 simultaneous users, 300 ERP is the perfect all-in-one the solution for businesses of any size.
Business Intelligence on the fly – Sage 300 offers a powerful Business Intelligence engine, business performance can be analysed on the fly by simply dragging and dropping data that’s updated throughout the day. Powered by leading Business Objects TM technology, business intelligence is fully integrated within the Sage 300 systems and does not require maintenance of a separate data warehouse. Sage 300 also improves the overall capability of the previous versions to provide users with simple-to-use, up-to-the-minute analytics through the user-defined portal and dashboards, as well as through the standard statistics available across all functions.
2. Streamline Operations
● Optimize resources – Sage 300 allows organisations to get more from the resources available with a wealth of benefits to suit sophisticated business processes as standard. Additionally, Sage 300 can be tailored to meet exact business requirements.
● Workflow Engine – The inbuilt Sage 300 workflow engine allows traditional paper-based and tasks intensive processes to be managed electronically, for example, when a new The purchase order is entered Sage 300 will inform the buyer and if the order exceeds a certain amount a manager is notified.
● Simplistic procedures – Sage 300 simplifies tasks using Sage Visual Processes which provides
users with a graphical view of the task, guiding the user through each stage.

3. Grow Your Business
● Grows with a business – All or part of the Sage 300 functions can be deployed according to
individual requirements. All functions are held within a single system and can be activated
as and when they are required.
● Adapts to changing environments – Sage 300 ensures that both existing and all future
business requirements are met, information flows and procedures can be changed without
the need for additional development.
● Global Management – Sage 300 can be used to run multi-site, multi-country businesses as
easily as a single domestic implementation. It is the system of choice for companies looking
to develop internationally without a costly global management solution.
4. Reduce Costs

Reduced operational costs – Sage 300 is very user-friendly and therefore it does not require a large IT team to operate and users do not require intensive training to master the product. In the design process, particular attention was paid to the way Sage 300 works to ensure that users are comfortable with the functionality and are therefore more productive.
● Low-cost ownership – Sage 300 offers users first-class functionality at a low cost of ownership. Sage 300 is one of the most cost-effective and coherent ERP packages available.
● Reduced recurring costs – Sage 300 has an integrated design which means new functions, users and branches can be activated as and when required without the need for custom interfaces. In addition, Sage 300 offers constant software improvements via a secure update procedure – the system makes its own modifications and rolls them out to all connected workstations.

For Sage 300 implementation and setup price list, send a mail to info@accountingsoftware.com.ng or bigresourcessolutions@gmail.com or call 08105090001

Choosing the Right Vendor for your Accounting Software

One of the major concerns of every business owner and emerging entrepreneurs is how to keep track of the money customers pay you and how much you pay to your service providers or product suppliers, depending on your line of business. This is the core reason an accounting software is no longer an option but a MUST HAVE.

Good accounting software isn’t a program that will complicate your processes but rather you help you make daily tasks easier and better – from recording payments, monitoring expenses, invoicing and bank statement reconciliation – which ultimately gives you the perfect idea of where your business might be headed.

The big challenge is, how can one spot the right accounting software vendor or consultant in the midst of a varying line of businesses, multiple pricing plans and the number of users?

At BigResources Solutions, we help small and growing business find the right accounting software using our 4 core principles:

  1. Your line of business: What do you sell, how do you earn your income and what are your major business expenses?
  2. Financial report: Do you need accounting receivable and payable report? Do you need an inventory report? What other financial report do you want for decision making?
  3. Usability: How many users do you want to give access to the software? Do you prefer cloud-based access or in-premises?
  4. Costs. Would you prefer the one-off or subscription?

To help make your final decisions, here’s a list of questions you can ask an accounting software vendor in Nigeria when you want to select the right accounting software for your business:

  • Is your software a good fit for my industry?
  • Do you offer customized solutions to fit my business’s needs?
  • How many suppliers and customers can your software accommodate?
  • How can your software help me comply with VAT/ Withholding tax regulations?
  • How is my data backed up? Can access be restored immediately after an outage?
  • What security measures do you have in place to keep both my business’s and my customers’ data secure?
  • What is the total cost? Are there any setup or cloud storage fees?
  • What types of tech support and customer service do you provide? (For instance, do you provide/offer a preferred form of contacts, such as phone or live chat?)

Feel free to contact our support centre at 08105090001, 08084219399 for your accounting software.

Best Accounting Software from Registered Vendor and Partner in Nigeria

Recommended – See what QuickBooks will do for your business and which version is right for you.

Sage Partners In Nigeria – Business Resellers

Are you looking for an authorized and registered Sage Partner in Nigeria with good knowledge of accounting? Here is a review of what you should consider before settling for one.

Sage is one of the leading providers of accounting and payroll software in Nigeria. With different packages designed to serve SMEs at different growth stage or with specific industry needs, they not only help you monitor your business performance but also make payroll processing easier than would expect.

Check Out: Where to Buy Sage Accounting Softwares For Your Business

Continue reading “Sage Partners In Nigeria – Business Resellers”

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Best Accounting Software For Small Businesses

Whether you are just planning to start a business, already running a new business or own a thriving business, you will agree with me that accurate bookkeeping is the most difficult side of a business especially when you have bunch of invoices to enter, expenses to track, inventory to manage, tax to calculate on every sale made, assets to take account of and sync your data across account heads to determine your profit or loss trends. No wonder business owners have resort to automation as an alternative to manual recording.

By automating and integrating your various accounting system, you have a better time to take timely decisions that will move your business to the next growth stage.

For business in Ghana – Click here for more info about QuickBooks and Price in Ghana Cedis

Do you need an accounting software for your business? Call +2348105090001, +2348084219399

Benefits of Accounting Software:

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Accounting Software & ERP Dealers

For you to have visited section of our accounting software blog, it simply means you are looking for accounting software sellers in your area

From Sage Peachtree, Tally, QuickBooks, Microsoft Dynamics, Oracle and SAP, there are lots of dealers claiming to be the best go-to-merchants for this financial software but these tips will help you screen all the vendors and know who a genuine dealer is or not.

Contact: info@accountingsoftware.com.ng

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Using QuickBooks Software for Private School Management.

As a private school proprietor, we understand your pressing needs – one of which is a system that will help manage your school records and easily organize your books of the account while taking into account cash inflow and outstanding bills on tuition or related fees.

An effective book of account will not only help you track the financial position of the school you manage but also monitor profit or loss of each session so you can forecast expected income from next sessions while managing your administrative expenses.

We had just concluded the installation and networking of QuickBooks accounting software for a private school with over 1,000 students, and if you are interested in the scope of the project, here are few customizations you might find interesting for your school.

Charts of Account

This is the backbone of every accounting software as it helps you organize your account heads into income, expense, assets or liabilities. As a school, the chart of account configuration lets you track your relevant income heads (school fees, uniform, textbooks, or any other extra-curricula activities), direct expenses ( repair and maintenance of school classrooms, purchase of school equipment, payment of teachers salaries, payment on the supply of school uniforms, etc), assets (school and administrative building, school buses, computers, furniture, etc) and liabilities (any outstanding payables to your vendors or service providers).

Students and Class List

This is the first stage of our setup, where the client is expected to provide a comprehensive list of all the students in the school categorized or sorted by classes in excel format so that each of these students is rightly added to their respective class as well as their previous or pending bills from previous sessions.

The essence of this is to generate accounting receivable reports that not only let you see how much is owed but also plan your expected cash flow in the new session.

Vendors List

These are your service providers or inventory suppliers. As a proprietor, you shouldn’t just plan your cash inflow by looking at the outstanding bills on schools fees but also pay close attention to your cash outflow by tracking all pending payments to your service providers. These could be related to the supply of school uniforms,  repair and maintenance of school facilities or instalment payment on the acquisition of new buses.

By looking at these numbers, you’ ‘d be able to see the potential red flags on your accounts – for instance, if your expected cash inflow is way more than your cash outflow, it’s a sign of impending trouble or working capital challenges.

Bank Balances

Every cash inflow and outflow has the bank at the centre – so you must not neglect your banking transactions. Having all your bank balances in QuickBooks accounting software lets you track all payments to vendors so you can ascertain the actual balances owed to your vendors while also taking into account inflows from pending bills on your students from the previous or current session.

QuickBooks also gives room for reconciliation, a core feature that helps you bring your bank statement balances at par with your cash book figures.

Batch Invoicing

We understand the complexities and rigorous work involved when you try to create a manual invoice for each of your students, especially when you have over 500, 1000 students to apply recent school fee bills on. This is where batch invoice comes in, you are able to apply a single invoice (categorized by class) to all the students of a school in less than 10 minutes which automatically increases their outstanding bills for the new session.

For students that had pending balances carried forward from previous session, the amount owed is increased by the value of the new invoice/bill created in the new session. You, as the proprietor, are able to see in real and less time, how much is expected in the current session.

For schools with multiple income heads like school fees, uniforms, after-school classes, textbooks, or any other related items, you can as well add them to a single invoice and apply to all the students in the class.

And as these students make payment into the school bank account, you can receive the cash against their outstanding balances on a daily, weekly or monthly basis.

Expenses

This is one of the most important parts of accounting software as it helps you track your payments to relevant service providers as well as ensure that no activity is disrupted during school session.

The expense session lets you see:

  • how much you have paid as salaries to your teachers
  • how much you paid to your security staff for the safety of school facilities.
  • what you have incurred on repair and maintenance of school buses.
  • what you spent on the acquisition of new computers or furniture.
  • how much you spend on the inventory of new textbooks or learning materials.
  • and every other direct or indirect cost.

Inventory

As a school, I am sure you’d also like to keep records of school uniforms for each of the classes, textbooks, and related learning materials? The inventory session of QuickBooks is designed to help you see the number of materials you have in store as well as their respective cost so you can generate an inventory report. With a report like inventory valuation summary, you can see the value of what you have in store on a daily, weekly or monthly basis.

Financial Reports

This is the real deal! Every transaction posted in the software updates your financial reports, depending on what’s inputted.  QuickBooks provides you with over 100+ financial reports (including revenue, expenses, receivables, payables, profit or loss and financial positions) that will help you make a swift decision. While some are represented in vertical format, you also have a chart or reports in graphical format for trend analysis – this helps to compare previous period performance to the current figure for variance analysis.

While these tips will help you choose the best accounting software for your school finance management, you can connect with our support centre to discuss specific needs that are tailored to your private school.

We can deploy your QuickBooks in premise or cloud, depending on which is affordable or effective for you.

Email: info@accountingsoftware.com.ng or bigresourcessolutions@gmail.com. You can also reach us on 08105090001

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Accounting Software Training: QuickBooks Sage Pastel SAP ERP

Are you looking for the best accounting software instructor that will help you understand and show you how real business transactions are entered into accounting software – QuickBooks, Sage or SAP ERP? This guide might be what you need to read before settling for one and get maximum value for your money.

Nowadays everybody claims to be accounting software expert because they are developers, IT support analysts or even auditors. This is a clear divergence on how to spot a good trainer.

Find below my personal tips on how to pick a trainer who will help you learn quickly and get you started in the real business world.

Contact Us: info@accountingsoftware.com.ng

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Sage Pastel Software – 50 Premium Accounting

Sage Pastel offers a diverse range of accounting software solution for businesses in Nigeria.

Just like QuickBooks, Sage allows business owners to automate their accounting system right from start-up stage to full enterprise.

The software solutions are built to cater for business at any stage of growth:

  • Sage Pastel Payroll
  • Sage Pastel Invoicing
  • Sage Pastel My Business
  • Sage Pastel Xpress
  • Sage Pastel 50 Accounts
  • Sage Pastel Partner
  • Sage Pastel Evolution
  • Sage Pastel Auditor
  • Sage Pastel Point of Sale POS

Sage Accounting Software Nigeria Sales Partner Training Evolution 2016 2017 2018 2019 2020

Contact Us: info@accountingsoftware.com.ng

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Where to Buy Accounting Software

This short piece was written to address business owners looking for the best accounting software dealers and are turning to road sellers.

Firstly, I wish to commend you for acknowledging the importance of migrating from a manual accounting to automated accounting system. Accounting software will surely save you time and help you experience tremendous growth arising from timely decisions taken with fact and figures.

However, the path most SME owners follow to actualize this automated system is more dangerous and expensive than the many advantages they stand to gain.

Find below the 4 dangers you are exposing your business to when you buy from wrong dealers:

where to buy accounting software in nigeria kenya ghana

Contact Us: info@accountingsoftware.com.ng

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