Accounting Software Changes Help SMEs Beat the Recession
With the recession still hitting many firms, business owners are paying much more attention to
detailed analysis of their business performance, accordingly Accomplish Ltd has updated the
simplest accounting software around to do just that "provide more detailed management reports,
and thus allow much closer control of costs and profit margins".
(PRWEB) April 1, 2010 -- With the recession still hitting many firms, business owners are paying much more
attention to detailed analysis of their business performance, according to Grant Hewson, general manager of
accounting software provider, Accomplish Ltd.
“During the last year we’ve had numerous requests from small to medium business enterprises (SMEs) for
software improvements which provide more detailed management reports, and thus allow much closer control of
costs and profit margins,” Grant says.
Those enhancements have been built into the 2010 Version of the company’s popular CashManager software,
being released this month.
For instance, users can now see not only the gross dollar profit achieved on every invoice for every customer, but
also the percentage profit margin. Business owners can now easily see if invoices are below the average profit
margin, look into why this is so and, if necessary, put systems into place to ensure profit margins remain at the
The profit margin on different products can be tracked at any stage, and now the cost price can be updated when
receiving goods or in adjusting stock.
“Obviously, it’s a huge advantage to know which customers or products are making you money, and which aren’t
doing so well,” Grant explains. “That lets you know where best to concentrate your efforts, or where there are
problem areas you need to rectify.”
If a customer is running late with payments, a debtor report gives ageing criteria (30 days, 60 days etc), and also
allows for penalty charges to be applied to overdue accounts.
On the supplier side of the ledger, Cas