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2,862 Tutorials

How to use software to manage business accounts

Handle your personal and business finances with Sage

Here's how to use Sage Instant Accounts to manage your business accounts, from tracking customers, invoicing and supplier tasks.

Step 5. Instant Accounts Plus lets you run an automated stocktake. In the package we're using here, you can simply record product details. Click the Product module and enter details for your item records. These might include unit costs and sale prices, descriptions of the item and any categories to which it belongs.

Sage accounting tasks step 5

Step 6. You can also perform various banking tasks. To record payments, click Bank, Tasks, Receive Payment and select the appropriate customer account from the Customer details list. You can also reconcile your accounts with your bank statement to ensure the correct amounts are being recorded at either end.

Sage accounting tasks step 6

Step 7. Sage provides a range of reports to provide at-a-glance feedback on the state of your business. Each module has its own Report link, accessed in the Links window above the module tab. The Report Browser includes lots of preset reports providing information on your customers, suppliers and other accounts.

Sage accounting tasks step 7

Step 8. Alternatively, you can create your own reports. Go to Start, Programs, Sage Accounts, Sage 50 Report Designer. Launch the program and opt to create a new report. Select the type of report you wish to create, and the data from your accounts will be filtered accordingly.

Sage accounting tasks step 8

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