Sage Instant Accounting

Simple single-user bookkeeping solution for small businesses. Ideal for sole traders or start-ups. Calculates VAT returns, tracks cashflow, processes invoices and credit notes. Manages payment and receipts.

Simple single-user bookkeeping solution for small businesses. Ideal for sole traders or start-ups. Calculates VAT returns, tracks cashflow, processes invoices and credit notes. Manages payment and receipts.

Provides a simple bookkeeping solution specifically for small businesses. Ideal for sole traders or start-ups. No prior knowledge of accounts or technology needed. Do your bookkeeping in hours instead of days.

Sage Instant Accounting is a totally integrated system; it records all your financial transactions, updates your ledgers automatically, holds customer, supplier and product records, prints invoices and produces financial reports.

Features in detail

Customer records
Create, edit or delete customer records.
Record your customer contact details, the money they owe you, their opening balance, credit limit, discounts, credit control details and their outstanding balance.
View customer invoices, credit notes, receipts, payments and outstanding balances on a daily, weekly or monthly basis, either as a graph or in a table.
View a customer's outstanding balance and see the transactions that make up their balance.
Produce credit notes for your customers.
Use the Letters option to send your customers overdue payment reminders and to write and save your own business letters.
Print statements for your customers to help you chase payments.

Suppliers
Create, edit or delete supplier records.
Record your supplier contact details, the money you owe them, your opening balance, credit limit, discounts, credit control details, outstanding balance and the transactions that make up this balance
View your supplier transactions, either as a graph or in a table.
See how much you owe each supplier and when you need to pay.
Record all the invoices and credit notes you receive from your suppliers.

Nominal Ledger
Instant Accounting provides you with a standard set of nominal accounts to help you start your work straightaway.
Create, edit and delete nominal accounts.
Record the name and number for your account, the balance of the account, the opening balance, its VAT code and set a budget for each month.
View your nominal ledger transactions as a graph or in a table. You can also examine in detail all the transactions you have posted to your nominal ledger accounts.
Use journal entries to follow double-entry bookkeeping principles.
Update your entries automatically from customer and supplier transactions.
Store budget and prior year information to compare current values in your sales, purchases and direct expenses against your monthly budget or for the same period last year.

Bank Accounts
Record deposits into your banks and all withdrawals and payments.
Adjust your bank accounts to take account of bank charges and interest received.
Use bank reconciliation to check that your bank account transactions match those on your bank statements.
Print statements at any time to show your reconciled bank payments.

Credit Control
Create credit control details tailored to each customer
Apply credit restrictions to a customer's account.
Apply credit charges for any late payments.
Gives advice and tips on debt chasing.

Product Records
Create a record of all the products you sell.
Record a description, sale price and unit of sale for each product.
Store an image with your product record.

Invoices
Invoice your customers with customer and product details taken automatically from your product records.
Invoice your customers for the services you provide.
Apply settlement discounts and record carriage charges.
Add extra details to your invoices such as a customer's order number, their contact details, notes about the order and any settlement terms.
Generate and print product credit notes for your customers.
Print invoices whenever you need.

VAT
Let Instant Accounting calculate your VAT Return.
Check your VAT return on the screen before printing.
Reconcile your VAT transactions automatically and clear your VAT control accounts.

Reporting
Produce regular reports for up-to-date financial information
The Trial Balance report shows the current balances in your nominal ledger accounts.
The Profit and Loss report shows if your business is trading profitably with subtotals of your sales, purchases, direct expenses, overheads and your gross and net profit balances.
The Balance Sheet report gives a summary of your current financial position by showing what your business owns (assets) and what it owes (liabilities).
The Prior Year report shows your trading activities for the current month and year-to-date and compares these figures against the same period for last year.
The Budget report shows how you are trading against the monthly budget you set up in your nominal ledger accounts.
Provide a complete record of all your transactions for the auditors.
Edit the existing reports and layouts to your own specifications.
Use Report Designer to create your own reports, layouts, letters and labels.
Preview your report before printing.

Data Management
Back up your data on a regular basis.
Restore data from your back up disks.
Correct any errors in your transactions.