Customer Successes: Managing Cash Flow for your Small Business
As a small business owner it is essential to keep track of the cash that is going in and out of the business. Take a look at how two Canadian small businesses have successfully used Sage 50 Accounting to meet their cash flow management needs:
KFW Foods Ltd.
“I love the simplicity of the Sage 50 Accounting interface. I have several users accessing the system and they do not need to have any accounting know-how to enter, view or track the information they need to do their jobs. We depend heavily on margins and I’m able to pull accurate information on our cash flow position on a daily basis.”
- Cheryl White, KFW Foods Ltd.
KFW Foods Ltd. is a successful food and grocery wholesale distributor located in Port Coquitlam, BC. With 13 employees, the business delivers food supplies to grocery stores and delis across British Columbia. Having used Sage 50 Accounting for over 18 years, they rely on the software to manage all of their accounting and inventory needs.
Business Advantage: With a heavy reliance on margins to keep the business afloat, KFW depends on Sage 50 Accounting to help run its day-to-day operations. Cash flow management is now a simple daily process that helps the business stay on top of their operations and allows KFW to predictably manage their profit margins.
- Daily cash flow projection and positions available at the click of a mouse
- Inventory easily and accurately tracked on a regular basis to reflect current costs and margins
- Ability to track invoices by store and delivery route to better understand receivables owing
Club De Recherche D'Emploi Montreal
“We count on Sage 50 Accounting to manage our daily accounting needs such a payroll, invoicing, and purchasing. We also use the software to get a daily pulse on our cash flow position. Having used Sage 50 Accounting for over 20 years, I can attest to the software’s comprehensive accounting and project management functions and highly recommend its bilingual, easy-to-use capabilities.”
- Collette Dubois, Club De Recherche D'Emploi Montreal
With a placement rate of 88%, Club De Recherche D’Emploi Montreal (CRE) is a proven employment services agency, in business for more than 15 years. As a government funded, non-profit organization, CRE uses Sage 50 Accounting Enterprise to manage its project-based services in order to properly track how money is being spent and how many people are assisted with job search efforts on a yearly basis.
Business Advantage: With 100% reliance on government funding, CRE considers Sage. Sage 50 Accounting’s cash flow management benefits as essential to the company’s existence. Sharing detailed financial records with the government is critical to CRE receiving their yearly funding.
- Immediate access to cash flow reports help identify where business stands on a weekly basis
- Ability to track expenses by project (in this case clients) for detailed tracking of costs
- Access to balance sheet reports is vital for meeting government obligations to receive yearly funding
With a valued reputation in the market, our offerings continue to make Sage 50 Accounting the #1 choice for accountants and small businesses in Canada1.