Are you an aspiring accountant? Maybe you want to boost the efficiency of your business? Then look no further than Sage.
What is Sage?
Sage is one of the biggest suppliers of enterprise resource planning software, with over 6.1 million users worldwide. It is the largest supplier to small businesses and is also a huge favourite of many multinational corporations. Sage specialises in software to help with the managing of HR, finance and payroll systems. There are many different types of Sage products which you can buy for various uses, however all Sage products are designed to help you easily and simplistically manage a business, shortening the time it would usually take to keep track of your finances and accounts.
What will I learn?
A Sage course will aim to teach you in detail about how to use Sage for the profession of bookkeeping and accountancy. You will learn all aspects of Sage and learn to apply it to accounting and bookkeeping situations. You will be provided with audio guides, workbooks and friendly, trained tutors who will have comprehensive knowledge about Sage.
Some courses will offer you the chance to earn an IAB qualification, and this will significantly help your career aspirations if you want to be a bookkeeper or an account. The International Association of Bookkeepers is a not-for-profit organisation recognised worldwide for its promotion of the bookkeeping profession. The qualification is recognisable by accounting and business employers.
Sage is used by 800,000 businesses in the UK, and over 23,000 of the UK’s largest businesses, including more than one third of the FTSE 100, choose Sage to help run their business. Many of these businesses are based in London, making Sage a good skill to learn if you want a career in this great city. With almost any business needing someone to keep their books in check this is a great skill for anyone to know.
With the IAB qualification under your belt you will be in good stead to start a career as a professional bookkeeper, registered bookkeeper, chartered accountant or an industry and commerce assistant.
Starting your own company?
With London being the business capital of the UK, many aspiring entrepreneurs flock to this great city to set up their own companies. Sage is some of the best accounting software for new and small businesses. It is renowned for its bookkeeping processes and ease of use. If you are planning on setting up your own business then Sage will be fantastic for helping you to manage your money, accounts, payroll and bookkeeping. It will provide you with many great features such as cash flow, VAT, invoicing and insightful reports that give you a true reflection of how profitable your business is. Sage will also record all your money going in and out from multiple bank accounts, making it easy to keep track of where you are spending and earning your money. This ease of use, and the simple to read statistics, make it easier for you as a business owner to analyse your business and see where you could save costs and make improvements. You may also want to check out a business course or business administration course to help with the day to day running of your new business.
Three biggest accountancy scandals in history
Enron: The Enron Corporation was an American energy company based in Houston, Texas. In 2001 shareholders lost US$74 billion, thousands of employees lost their retirement accounts and many lost their jobs when Enron kept huge debts off of the balance sheets. They were only discovered when whistleblower Sherron Watkins turned them in.
WorldCom: One of America’s biggest telecommunications company, WorldCom was at the heart of a huge $11 billion accountancy scandal, revealed in 2002. CEO Bernie Ebbers inflated the company’s assets by $11 billion, by underreporting line costs by capitalising rather than expensing and inflating revenues with fake accounting entries. He was caught by WorldCom’s internal auditing department who found $3.8 billion in fraud. 30,000 employees lost their jobs and $180 billion in losses for investors. Ebbers was sentenced to 25 years in prison for fraud.
Waste Management Inc: In 1998 revelations of irregular accounting led to a major drop in stock price this Houston, Texas based company. The company had artificially inflated its after tax profits and reported a whopping $1.7 billion in fake earnings. They were found out when a new CEO and management went through the books and found the inconsistencies. Waste Management paid $457 million to settle a shareholder class-action suit.