Timely article from Dividend Training - highly recommended experts in Sage, Microsoft Office and Project Management.
At this time of the year, as we near PAYE year end, we and probably many of you, have been have been looking at ways we can save money, or perhaps more pertinently, free up money for new projects.
We'll have all had a go at creating forecasts for the year ahead, perhaps in Excel, perhaps in a dedicated forecasting tool. But a lot of our clients and if i'm perfectly honest I'll put ourselves in there, don't get the best out of the tools we already have at our disposal.
So as a starter in a series of 'how-to' guides, I'd like to remind people that if you've got Sage Accounts software, you have a built in forecasting tool already.
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Sage Accounts lets you store a forecast against sales and a budget against expenditure types, or nominal codes as they're known. Did you know you can store budget and forecast against departments too?
The example I've used here is from Sage's demonstration data (which if you've attended one of our courses, you might just remember!) Here, the data is split into 7 departments, 0 being the default through to 7 - Workshop. If you're running a pub, it could be split between bar sales, restaurant and outside catering, for example. Then at the click of a button, you can see sales vs costs for each.
BUT!
The really great feature is that it automatically links to your actual expenditure so you can measure the accuracy of your budgets. No copying from one application to another, no mistakes from manual entry. All the data there for you, accurate and immediate.
If you're being really good, you can re-forecast based on that expenditure too!
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So, what's the best way to save money?
Get the most out of what you've already got!
If you'd like to find out how we can help you save money, call us today on 01558 629 050. To see what others say about us click here.
