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.
Nenye Dom/GEE
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Pix: Director, Sage One in East and West Africa, Nikki Summers
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