Customer Successes: Controlling Costs for your Small Business
For most small businesses, streamlining costs is a huge factor in achieving success and securing profitability. Take a look at how two businesses have successfully used Sage 50 Accounting to meet their cost management needs:
Greene Avenue Clinic
"I simply cannot imagine running our businesses without relying on Sage 50 Accounting. It helps keep track of our cash inflows and outflows, allows for revenue to expenses comparisons, manages all our invoicing and banking needs—in short it is the backbone of our business, allowing me to track our costs on a regular basis."
- Renata Wronska, Greene Avenue Clinic
Greene Avenue Clinic is a Quebec-based business group that relies on two different revenue streams: property management and private lab testing. Comprised of five separate businesses, Greene Avenue Clinic turned to Sage 50 Accounting more than five years ago to manage their accounts receivable, accounts payable, payroll, and banking needs.
Business Advantage: Managing both services and property revenue requires efficient management of expenses to keep Greene Avenue Clinic running efficiently and successfully. Sage 50 Accounting has provided the business with a detailed level of business insight to help rein in costs.
Key Benefits for Greene Avenue Clinic:
- Revenue versus expenses comparisons to understand where money is going
- Sales tax calculations automatically entered when invoicing, saving time and driving accuracy
- Professional invoices issued quickly with detailed information for ease of on-time payments
KFW Foods Ltd.
"Managing costs within our heavily margin-based business is an essential part of daily operations. Sage 50 Accounting allows me to pull accurate information on our inventory, purchasing and suppliers at anytime to ensure we are managing costs appropriately and meeting our set margin goals."
- Cheryl White, KFW Foods Ltd.
KFW Foods Ltd. is a successful food and grocery wholesale distributor located in Port Coquitlam, BC. This 13 employee strong 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 Food's success is closely tied to its usage of Sage 50 Accounting. Cost management has become a straightforward, daily process through at-a glance views into inventory levels and calculations of profit percentage per product.
- Profit margin calculations available on a daily basis to know where the business stands
- Ability to track invoices by store and delivery route to better understand receivables owing
- Sales managers are better equipped to forecast accurately with access to customer sales reports
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.
back to Cost Management & Containment articles