If you have a small but rapidly growing side hustle (that you obviously hope to grow into a main hustle (as we all FIRErs do), you’ll need all the help automating as many moving parts as you can.
One of the most crucial parts of your business is to have a good view of your monthly cashflow, and being able to see incomings, outgoings and what you’re owed in order to manage your business efficiently. This is where a powerful accounting software can come in handy.
What is Sage?
Sage Group, founded in 1981 in the UK, has now grown to become a global accounting SAAS powerhouse with offices in over 20 countries. Their products and services span from Accounting, HR, Payroll to Online Payments.
Sage Business Cloud Accounting
Sage Business Cloud Accounting is a service made for SMEs and side hustlers whose business is growing, and requires a certain amount of automation with regards to accounting needs such as:
- Raising invoices
- Vendor Bills
- Sending Receipts
- Keeping Customer Records
- Inventory Management
- Cashflow Tracking (Connects securely to your bank)
Once you get everything going, you’ll have access to reports spanning from Profit & Loss reports, Balance Sheet reports, Sales Day Books and Accounts Receivables. Sage BCA starts from USD$10/month or SGD$11.50/month if you’re based in Singapore.
If you’re not sure you need it, Sage offers a free 30-day trial for you to take it for a spin. If you find your time gradually being taken up by finance and accounting hours, this could be your ticket to free up your time to focus on the more strategic aspects of your business.