Sage One Accounting Helps Small Businesses Achieve Financial Confidence

IRVINE, Calif. (May 7, 2015) – Sage North America, a leading provider of business management software and services to small and medium-sized businesses, today announced new capabilities and a new pricing model for Sage One Accounting, simple online-based accounting and invoicing software. Sage One Accounting offers free and premium subscriptions with features for invoicing, cash flow management, and financial analysis. Designed for new and growing small businesses, Sage One Accounting helps small business owners take care of their daily tasks quickly so they can get back to running their business.

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In the 2015 State of the Startup Survey, Sage found that 36 percent of surveyed small business "nurturers" (third parties such as venture capitalists, angel investors, accountants, and attorneys) indicated they have a somewhat to extremely low trust of financial statements they receive from startups. At the same time, when startups were asked about how they handle accounting for their business, 21 percent do accounting manually on paper, while 27 percent use their own home-grown system.

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"All small businesses need access to a simple and efficient way to manage their accounting and invoicing needs to ensure their finances are in order, while instilling confidence in their customers and partners," said Mike Savory, Sage One product manager, Sage North America. "Sage continues to listen to the needs of small businesses, and we believe they will find Sage One Accounting ideal for organizing finances, preparing for tax time, and partnering with their accountant, all while putting themselves in a position for growth."

Sage One Accounting allows small businesses to perform accounting tasks and cash flow analysis to make better strategic financial decisions for their business, including:

  • Tracking income and expenses.
  • Receiving online payments with Sage Payment Solutions and PayPal®.
  • Managing receivables and payables.
  • Printing financial reports.
  • Batching transactions.
  • Managing and planning cash flow.
  • Linking with bank and credit card accounts.
  • Reviewing data by analysis codes.
  • Accessing by mobile device.

The free subscription of Sage One Accounting provides small businesses with the tools necessary to perform accounting tasks, including the ability to send five invoices per month, link a bank account, and create unlimited quotes, expenses and bills. The Sage One Accounting premium subscription is available with a $5 per month introductory rate (valued at $10), offering unlimited expenses, invoices, bills, and quotes and the ability to link to an unlimited number of bank accounts. This subscription also includes multiuser and multicurrency invoicing options.

Small businesses working with the Sage One Accounting premium subscription will be able to collaborate with their accountant using Sage One Accountant Edition. Sage One Accountant Edition allows accountants to connect with their Sage One clients’ data from anywhere, all in one place.

"Other solutions in the market can be overwhelming for small businesses," said Shayna Chapman, CPA.CITP, CGMA, and owner, Shaynaco LLC. "I feel that Sage One Accounting will fill a gap for my clients that are currently using manual means for accounting without barriers to entry. My clients will have a better handle on their financials, and I can make better recommendations; everyone wins."

For additional information about Sage One, please visit: SageOne.com

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About The Sage Group, plc

We provide small and medium sized organisations, and mid-market companies with a range of easy-to-use, secure and efficient business management software and services—from accounting, HR and payroll, to payments, enterprise resource planning and customer relationship management. Our customers receive continuous advice and support through our global network of local experts to help them solve their business problems, giving them the confidence to achieve their business ambitions. Formed in 1981, Sage was floated on the London Stock Exchange in 1989 and entered the FTSE 100 in 1999. Sage has millions of customers and circa 13,000 employees in 23 countries covering the UK & Ireland, mainland Europe, North America, South Africa, Australia, Asia and Brazil.

For more information about Sage in North America, please visit the company website at www.sage.com. Follow Sage North America on Facebook, Facebook.com/Sage, and Twitter, Twitter.com/SageNAmerica.

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Amanda DeFuria
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