Discover the Sage Business Cloud solution
What is the Cloud?
It is a system allowing access to data, storage spaces or applications via the Internet.
It is made possible by “virtualization”: the same physical server serves as the basis for different virtual resources.
To become Clouds, resources will be added to different devices:
Management tools that allow administrators to control the infrastructure, applications and data used in the cloud.
Automation tools limiting human interactions thanks to renewable processes.
Business users derive several benefits from the cloud environment:
Self-service procurement:
IT infrastructure is set up according to business needs.
Elasticity:
online management makes it possible to size the offer according to the size and requirements of the company.
Pay-as-you-go:
professionals gain responsiveness and easily adapt the platform to changing needs, without risking budget overruns.
The accounting obligations of SMEs and VSEs
All business leaders must comply with certain rules relating to the keeping of their accounts.
These obligations include:
The keeping of the journal and the accounting ledger listing all the financial flows of the company.
Backing up documents (invoices, notes, tickets, etc.) justifying the items entered in the accounts.
The preparation of the annual accounts: they include the balance sheet, the income statement, as well as the explanatory appendix.
The approval of the annual accounts by the partners, then their filing with the clerk of the commercial court.
Smaller businesses can benefit from simplified accounting obligations.
The daily keeping of accounts, like the preparation of annual documents, is then less strict:
The keeping of cash accounts with mention of the actual payment dates is sufficient.
The balance sheet can simply mention the main assets and liabilities.
The income statement may be limited to essential income and expenses.
Note:
failure to comply with an accounting obligation is punishable by a fine of up to several thousand euros.
Choose relevant accounting software
Rules and obligations encourage publishers to create increasingly successful solutions for companies.
The digitization of accounting operations, then their remote access
via
the Cloud, has profoundly improved the efficiency of companies.
In 2020, around 10% of European companies used an online accounting platform1.
Sage Business Cloud offers a module for managing all accounting operations.
Four key elements make it an optimal solution for VSEs and SMEs:
Automation functions with the import of invoices and bank statements.
The user simply has to validate the entries and no longer enter them manually.
Periodic processing is edited quickly and in accordance with accounting regulations.
The user controls his cash flow and has one click access to the main financial indicators.
Sharing functions optimize collaboration between different users.
Choosing an online accounting module allows businesses to gain flexibility.
Sage Business Cloud is a competitive solution adapted to the requirements of teleworking.
Prevent unpaid bills
Half of SMEs experience late payments2.
VSEs are unfortunately not left out: in 2020, 40% of them noted an increase in payment terms3.
Companies must implement different practices in order to prevent these delays.
In addition to the traditional dunning letters, let's take a look at the benefits of the Cloud in terms of managing bad debts:
Using an online accounting platform gives you access to your cash flow at any time.
Financial control is more efficient with automated bank reconciliation.
Company employees take advantage of this flexibility to manage unpaid invoices more quickly.
Sources:
1: https://www.eurocloud.fr/cloud-en-europe-situation-constrastee-selon-les-pays/
2: https://www.chefd entreprise.com/Thematique/gestion-finance-1025/Breves/moitie-PME-subissent-retards-paiement-338085.htm
3: https://www.widoobiz.com/2021/02/12/tpe-des-retards-de-paiement-pouvant-aller-jusqua-43-jours/
Discover the Sage Business Cloud solution
