Management Accounting and Sage Line 50
Using an Excel Spreadsheet
Monthly Management Accounts tool was developed in an Excel spreadsheet to help you collate monthly management accounts from small business accounting software such as Sage Line 50. It gives you the freedom to assemble your monthly business accounts from the nominal code or trial balance structure in Sage Line 50 software. You can simply export the Sage trial balance to an Excel spreadsheet and group the nominal codes to provide the desired accounting report. The business accounting tool places the nominal balances where you want them to produce your monthly business management accounting report. Management accounts are different from the statutory financial accounts that you are required to file each year at Companies House and are designed to provide summarised information to the company's executives about sales performance, cashflow, overheads etc.
An example of a monthly management accounts spreadsheet report to help you get started is available:
Benefits of Management Accounts Tool (Accounts Wizard) for Sage Line50 and Excel Spreadshheets
- Easily adapted when new nominal ledger codes are added to your accounts software.
- Numerous data checks (audit functions) that enables quick validation of the whole process.
- Simple process to allow trial balances to be split by department.
- Works with Sage Line 50 small business software and other accounting software which can export trial balance to Excel spreadsheets.
- Suitable for Excel 2000 and Excel 2003.
- Now totally free and will help you save time and effort every month.
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Small Business Accounts Software
- Benefits of Accounts Software for Small Business Owners
- Reviews of Accounts Software
- Hosted Solutions the new concept for accounting packages
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