It’s nearly time for the monthly pay run and you’re manually updating employee and salary information. You’re worried you won’t get it done in time to give your people their payslips when they expect. With the last minute rush, it’s probable that you’ll make errors and mistakes.
If the numbers are wrong, you just hope you don’t get a fine from the tax office or the pensions regulator that you can’t afford to pay. Even if everything was right today, what about next month? Pay too much and you’re losing money. Pay too little and it’s doubtful your employees will give you a second chance.
It’s the sort of dilemma facing thousands of small business owners. You only have to do a quick search online to see that payroll’s a major headache for many. Facebook, twitter and LinkedIn are littered with accounts of people who make their frustrations clear with hashtags like #Payrollsucks or #Ihatepayroll.
So what’s going wrong?
Most payroll discontent comes with approaches and technologies that make the process harder than it should be. For example, most small business owners still use spreadsheets to track employee information and payments, but this takes hours a month and errors can easily creep in. There’s also a chance that employees won’t get paid what they’re due, or that errors could result in tax fines or other nasty surprises.
Other small business owners choose to outsource their payroll, but third parties will rarely look after your people as well as you would, and inaccurate payments and non-compliance issues are still surprisingly common. Outsourcing is also more expensive than taking care of your own payroll and it might not even be an option, especially if you’re just starting out.
Then, there are business owners who invest in payroll software to make payroll easier. This is a great idea in theory, but many software packages lack the functionality needed for complex payroll issues like maternity or sick pay and pensions auto-enrolment. You might also find that your payroll software won’t scale easily if your business grows, forcing you to buy something else.
Become a Payroll Solver with Sage
To solve these traditional payroll headaches, a new generation of small business owners are becoming Payroll Solvers with Sage Business Cloud Payroll. Our software boils payroll down to four quick, simple, automated steps, which means you can pay your growing team, accurately, in just a few minutes, freeing you up to focus on what really matters to your business.
With Sage Business Cloud Payroll you also have total peace of mind with our built-in compliance features. These ensure that all your payroll calculations are accurate and compliant with local legislation, which makes it easy to stay on top of all your tax and other obligations. If you do need help fixing something, you can contact our experts 24 hours a day by phone, email or chat.
Sage Business Cloud Payroll also provides a great payroll experience for your employees, helping to ensure they stay happy and engaged. Access your payroll anytime, anywhere, and on virtually any device, using the Internet, and you can email or print payslips with the click of a mouse. Your payroll is always right, always completed fast and always professional.
Ongoing Inventory Improvements
Since we launched our new Inventory feature into Sage One Accounting, we had some great feedback from our customers and have been hard at work implementing that feedback. So watch out for the New updates launched screen to learn more…..or simply read ahead to get a teaser.
Quickly view ‘Out of Stock’ or ‘Below reorder Level’ stock items
We’ve improved the Product & Services screen to quickly flag any Stock Items which are either ‘Out of Stock’ or ‘Below reorder level’. Clicking onto for example the 1 item that is out of stock will filter the Product & Services list and show the stock item that needs attention.
Stock Movements Report – Summary & Drilldown Detailed View
Under the Reports menu, you can now run a Stock Movements Report, enabling you to filter on a period such as current month, previous month, or on a custom date rage and stock category.
By clicking a specific stock item, you can drill down and get a detailed view of that stock item and the inflows and outflows. These reports can be printed or exported to a CSV or PDF file.
And so much more to come… This is just the start of our enhancements to Inventory, over the coming weeks and months we will be introducing Purchase Orders, Sales Orders, Stock Valuation Reports, Converting Non Stock Items to Stock Items and so much more…
If you ahve any problem rgarding sage call the sage tech support number +1-844-313-4857 for more info.
So many businesses rely on the “Shoebox of receipts” to store income and expense records until they are passed to an Accountant or make time themselves to process them. But have you thought about how many problems this innocent looking shoe box will cause as Making Tax Digital (MTD) is introduced?
If all of your income and expense information consists of pieces of paper in a shoebox how will you get the right information to HMRC on time every quarter not just once a year as you do now?
- Vital Data in a shoebox is no good for any business it can’t be submitted to HMRC from there. Pieces of paper in a shoebox = no data to make proper decisions in your business risks costly mistakes.
- Speed of Now All businesses operate in real time, updating data once a quarter or once a year is too slow …so much can change in 3 months and in 12 months it can be fatal. Making Tax Digital will need you to make a submission every quarter.
- Time is money What about the time you spend processing the paperwork taking you away from your business and your family, or the money you pay an accountant to process the paperwork for you cutting into your profit margins. If you rely on the shoebox for Making Tax Digital will this effort and cost quadruple?
The good news is that it’s not all doom and gloom! as you already have a solution right there in your hand…. you are probably using it to read this.
A device over 32,000 times more powerful than the computer NASA used to put Neil Armstrong and Buzz Aldrin on the Moon.
So, if you have more computing power on your mobile device than mission control for Apollo 11 shouldn’t this device be mission control for your business?
Get prepared now for MTD and get the added benefit of faster insight into your business.
Sage Expenses is the fastest and most simple way to record and understand your business transactions and perfect for keeping digital records the first step to making MTD a breeze and it’s available today on iOS & Android.
It’s so simple:
1 Record Expenses – Record as you go. Tap Money out, enter the amount and description and take a photo of a receipt and job done. Seconds spent here save hours later.
2 Raise Invoices – Raise and send the invoice as soon as the work is done. Tap invoice, add a customer, write a description, an amount and send. Invoice gone. The faster you invoice the faster you get paid.
3 Chase invoices – Chasing invoice payment doesn’t have to be hard. When you have a spare 5 minutes simply connect your headphones and open Sage Expenses. Tap overdue, tap an invoice and check the details then call the customer. Have they lost the invoice? Not a problem re send it while they are still on the call. Invoice confirmed payment to follow.
4 Business Overview – A clear and easy to understand picture of your MicroBiz performance every time you take out your phone. See money coming in, the money going out and where it’s coming from and going to. Making decisions so much easier on the go.
Why not give it a try? And get used to digital record keeping that will make MTD so easy and reduce the stress and effort of running your business at the same time.
Make the “shoe box” a relic of the past and use the power of your mobile device and simplicity of Sage Expenses & Invoices the fastest most simple way to record and understand your business expenses.
It is simple to link your subscription, simply download the app and login using your Sage One details. So what are you waiting for? Become more efficient today, download now Sage Expenses and Invoices and link it to your Sage One Start and Accounting subscription today.