Sound bookkeeping has been described as essential for a business financial well-being, according to the Director, Sage One in East and West Africa, Nikki Summers, reports ITRealms.
Summers made this assertion ahead of the 2016 BusinessDay SME Market Access Forum in Lagos, Nigeria, explaining why cloud accounting solutions have an invaluable role to play in helping Nigerian entrepreneurs to grow their businesses.
ITRealms also reports that Summers said that Nigeria’s 37 million Small & Medium Businesses need to keep accurate records to meet the needs of tax authorities as well as to keep track of trends within their own businesses.
“They also need to automate processes like issuing quotes and invoices so that they can save costs, present a professional face to customers and free up time for tasks that add value to the business,” he said.
As said by Summers, a business owner needs to focus on things that really give them a competitive edge, like innovation and customer service.
“You can’t afford to waste time worrying about your books. That’s where affordable online accounting solutions such as Sage One come in – they make accounting easy for non-accountants,” Summers said.
The director, explained that cloud solutions offer businesses and employees fast, secure access to their small business accounting from anywhere at any time.
“So you can control your business from the palm of your hand. You can connect your accountant and other people in your business with real-time and intuitive information. Up-to-the minute reporting also means you always know exactly how the business is performing and means you can make educated decisions based on that insight” Summers assured.
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Pix: Director, Sage One in East and West Africa, Nikki Summers