Implications for businesses using sage instant accounts who later require Foreign Currency

March 8, 2010 - PRLog -- Sage Instant Accounts can be purchased by a business for as little as £115+Vat. As I am sure you will all agree this is a very reasonable price for accounting software. What happens however if this business decides in a few months down the line that they need to be able to create invoices and process transactions in a currency other than the currency their business currently operates in?

The only option for this business is to upgrade their software to the Sage 50 Accounts Professional 2010 which is priced at £1075+Vat. This is an increase of £960 which is just under a grand.

When businesses purchase sage software via the Sage website they are also given the option of purchasing sage cover. For those businesses who wish to purchase Sage Instant Accounts and opt for the Sage cover the price increases from £115 to £215.

For those businesses who wish to purchase Sage 50 Accounts Professional 2010 and opt for Sage Cover, the price increases from £1095 to £1595 however if they choose the sage extra cover it increases to £1970.

Also if a business wishes to have 2 users access Sage 50 Accounts Professional 2010 then the price increase from £1095 to £1325.

The reason for this blog is to highlight additional costs that businesses may not initially consider when deciding which accounting software they are going to purchase.

Fusion Accounts offers businesses a low cost monthly fee so they do not have to pay any large upfront costs. Fusion also offers all business free support so they know in advance what the software is going to cost.

Businesses can purchase Fusion Accounts for as little as £14.95+Vat per month and should they wish to activate Foreign Currency at a later date the increase is minimal £19.95+Vat. Both of these prices also include multi-user access for five users.

When we look beyond the cost implications of purchasing accounting software we also need to consider accessibility. Fusion Accounts is web-based therefore no matter were one is, so long as they have internet access they can access their data. This also enables bookkeepers and accountants to support their clients remotely. Once a user enters a transaction it can automatically be seen by other authorised users. Businesses and accountants no longer need to take backups of the data and transfer these files to and from one another. Instead they login into the system and do what they need to do. This alone presents huge time savings and is more secure for all parties concerned. Businesses don’t need to worry about taking daily backups of their data.

Is online accounting software the way to go for your business?

If you would like any further information contact Fusion Accounts

Tel: +44(0)28 90 246171, Email: info@fusionaccounts.com

Start your FREE trial today, don't delay, sign up today, http://www.fusionaccounts.com

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Fusion Accounts is a multi-currency online bookkeeping and accounting system that provides businesses and their trusted advisors with real-time access to their invoices, bank transactions, VAT and financial reports.