Raw 04 - December 2008 - (Page 32) RAW DALES BOOKKEEPING Using Sage To Beat The Credit Crunch I 32 n the current climate, knowing your numbers is more important than ever and in this article we hope to show that by using a computerised accounting system such as Sage coupled with the services of a qualified bookkeeper can help you negotiate the uncertain times ahead. The old adage “Cash is King” is particularly apt at present and keeping a close eye on your bank account is absolutely vital. Sage accounts has an improved cashflow forecast feature you can anticipate any problems that may arise through late payments from your customers. It also has an excellent credit control feature which allows you to easily find out who owes you money and the age of the debt. You need to make sure you have a system for chasing overdue invoices and Sage can provide great benefit by producing statements of accounts to send out at the end of each month together with a suite of letters available to chase non payment. All contact with the customer is recorded with any payment promised carried forward into the cashflow forecast. There is also a diary system so that you can follow up the “cheque is in the post” excuse. On the suppliers side with Sage 50 Accounts you can prioritise who you are going to pay, when and how much, giving you more control of your cashflow Perhaps the most important number every business should know is “break-even”. This is when the income from sales of products or services is equal to the costs of producing that product or service or put another way that time in the month when you can breathe a sigh of relief because you’ve sold enough to pay everyone and any further profit is yours. Again in the current climate you need to know this so that you can make business decisions such as “can I offer a discount to conclude a specific deal?” Sage Financial Forecasting can help produce detailed cashflow, profit and loss and Balance Sheet forecasts and can allow you to explore those “what if?” scenarios ( e.g. what if cost of raw materials increase?) and see what effect they will have on both your bank balance and break-even figure. Detailed forecasts together with assumptions and ratios are very useful in managing your business and an absolute necessity if you are looking to ask the bank manager for additional finance to help you through. millionimpossible.com http://www.millionimpossible.com
Table of Contents Feed for the Digital Edition of Raw 04 - December 2008 Raw 04 - December 2008 Contents Imran Hakim Linda Klassen Brown Bradley Chapman Heidi Weir Colin Stroud Emma Thompson Raw Business Have a Care JPR Mortages TLB Events Alexander Davis Raw 04 - December 2008 Raw 04 - December 2008 - Raw 04 - December 2008 (Page Cover1) Raw 04 - December 2008 - Raw 04 - December 2008 (Page Cover2) Raw 04 - December 2008 - Raw 04 - December 2008 (Page 3) Raw 04 - December 2008 - Contents (Page 4) Raw 04 - December 2008 - Contents (Page 5) Raw 04 - December 2008 - Contents (Page 6) Raw 04 - December 2008 - Contents (Page 7) Raw 04 - December 2008 - Imran Hakim (Page 8) Raw 04 - December 2008 - Imran Hakim (Page 9) Raw 04 - December 2008 - Imran Hakim (Page 10) Raw 04 - December 2008 - Imran Hakim (Page 11) Raw 04 - December 2008 - Imran Hakim (Page 12) Raw 04 - December 2008 - Imran Hakim (Page 13) Raw 04 - December 2008 - Imran Hakim (Page 14) Raw 04 - December 2008 - Imran Hakim (Page 15) Raw 04 - December 2008 - Linda Klassen Brown (Page 16) Raw 04 - December 2008 - Linda Klassen Brown (Page 17) Raw 04 - December 2008 - Linda Klassen Brown (Page 18) Raw 04 - December 2008 - Linda Klassen Brown (Page 19) Raw 04 - December 2008 - Bradley Chapman (Page 20) Raw 04 - December 2008 - Bradley Chapman (Page 21) Raw 04 - December 2008 - Heidi Weir (Page 22) Raw 04 - December 2008 - Heidi Weir (Page 23) Raw 04 - December 2008 - Colin Stroud (Page 24) Raw 04 - December 2008 - Colin Stroud (Page 25) Raw 04 - December 2008 - Colin Stroud (Page 26) Raw 04 - December 2008 - Colin Stroud (Page 27) Raw 04 - December 2008 - Emma Thompson (Page 28) Raw 04 - December 2008 - Emma Thompson (Page 29) Raw 04 - December 2008 - Raw Business (Page 30) Raw 04 - December 2008 - Raw Business (Page 31) Raw 04 - December 2008 - Raw Business (Page 32) Raw 04 - December 2008 - Raw Business (Page 33) Raw 04 - December 2008 - Raw Business (Page 34) Raw 04 - December 2008 - Raw Business (Page 35) Raw 04 - December 2008 - Raw Business (Page 36) Raw 04 - December 2008 - Raw Business (Page 37) Raw 04 - December 2008 - Raw Business (Page 38) Raw 04 - December 2008 - Raw Business (Page 39) Raw 04 - December 2008 - Raw Business (Page 40) Raw 04 - December 2008 - Raw Business (Page 41) Raw 04 - December 2008 - Have a Care (Page 42) Raw 04 - December 2008 - Have a Care (Page 43) Raw 04 - December 2008 - Have a Care (Page 44) Raw 04 - December 2008 - Have a Care (Page 45) Raw 04 - December 2008 - JPR Mortages (Page 46) Raw 04 - December 2008 - JPR Mortages (Page 47) Raw 04 - December 2008 - TLB Events (Page 48) Raw 04 - December 2008 - TLB Events (Page 49) Raw 04 - December 2008 - TLB Events (Page 50) Raw 04 - December 2008 - TLB Events (Page 51) Raw 04 - December 2008 - Alexander Davis (Page 52) Raw 04 - December 2008 - Alexander Davis (Page 53) Raw 04 - December 2008 - Alexander Davis (Page 54) Raw 04 - December 2008 - Alexander Davis (Page 55) Raw 04 - December 2008 - Alexander Davis (Page 56) Raw 04 - December 2008 - Alexander Davis (Page 57) Raw 04 - December 2008 - Alexander Davis (Page 58) Raw 04 - December 2008 - Alexander Davis (Page 59) Raw 04 - December 2008 - Alexander Davis (Page 60) Raw 04 - December 2008 - Alexander Davis (Page 61) Raw 04 - December 2008 - Alexander Davis (Page 62) Raw 04 - December 2008 - Alexander Davis (Page 63) Raw 04 - December 2008 - Alexander Davis (Page 64) Raw 04 - December 2008 - Alexander Davis (Page 65) Raw 04 - December 2008 - Alexander Davis (Page 66) Raw 04 - December 2008 - Alexander Davis (Page 67) Raw 04 - December 2008 - Alexander Davis (Page 68) Raw 04 - December 2008 - Alexander Davis (Page 69) Raw 04 - December 2008 - Alexander Davis (Page 70) Raw 04 - December 2008 - Alexander Davis (Page 71) Raw 04 - December 2008 - Alexander Davis (Page 72) Raw 04 - December 2008 - Alexander Davis (Page 73) Raw 04 - December 2008 - Alexander Davis (Page 74) Raw 04 - December 2008 - Alexander Davis (Page 75) Raw 04 - December 2008 - Alexander Davis (Page 76) Raw 04 - December 2008 - Alexander Davis (Page 77) Raw 04 - December 2008 - Alexander Davis (Page 78) Raw 04 - December 2008 - Alexander Davis (Page 79) Raw 04 - December 2008 - Alexander Davis (Page 80) Raw 04 - December 2008 - Alexander Davis (Page 81) Raw 04 - December 2008 - Alexander Davis (Page 82) Raw 04 - December 2008 - Alexander Davis (Page 83) Raw 04 - December 2008 - Alexander Davis (Page 84) Raw 04 - December 2008 - Alexander Davis (Page 85) Raw 04 - December 2008 - Alexander Davis (Page Cover3) Raw 04 - December 2008 - Alexander Davis (Page Cover4)
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