After a long gap from the corporate world, I rejoined the workforce.
As I settled into my new job, I realized that my knowledge of accounting system was outdated. I was used to manual spreadsheets to track finances, which was time-consuming and prone to errors.
I had to learn to use the company’s Sage 50 accounting software. After the hassle of learning Sage, I must say I was impressed with its features and functionality.
With Sage 50, I saw clients were able to streamline many of their accounting processes. They could easily update customer and supplier records, automatically alter stock levels, and update the general ledger. The software also provided a clear summary of customer accounts with overdue balances, helping me to when I needed to audit client’s companies.
One of the features that I found particularly useful was the valuation of stock. Sage 50 allowed clients to easily track the value of the company’s inventory, which helped with financial reporting and tax compliance.
However, there are some shortfalls with Sage 50. I found that the software was less accessible for businesses with remote teams, as it required a local installation on each user’s computer. This made it difficult for the client company’s sales team, who worked remotely and needed to access the accounting system on the go.
Additionally, I found that the frequent data backups required by Sage 50 could be time-consuming. While the backups were essential for ensuring the integrity of the company’s financial data, they did slow down the system and required manual intervention.
Despite these limitations, I was overall impressed with Sage 50 and the benefits it brought to the my job. I am able to automate many of the accounting processes, strategic financial analysis.
