Unless you happen to be a trained accountant, one of the perils of running any sort of business is that of accounts/payroll and so on. For many people that is “maths”, and if you are like a huge proportion of the population, you will either feel that you were not very good at it when at school, didn’t like it, or absolutely hated it. That is, except for the accountants among you who are in the smaller proportion that loved maths and found it fun and even easy.
However, when you are a carpenter, bricklayer, web designer, musician, shop owner, engineer, teacher, or one of a whole lot more, maths really doesn’t matter anyway. As long as you can be sure of how much money you have in the bank and have enough on which to live, maths really isn’t a factor.
That is, until you break free from the JOB (Just Over Broke) and decide to start your own business. Suddenly, the dreaded maths rears its’ ugly head again for the simple reason that it is part and parcel of running any business. Your business relies on gaining customers and selling them goods or services. That means that you have to send them invoices in order to get paid – and that’s maths! Depending upon your business, your invoicing could be fairly straightforward, or it could be very complicated.
But it doesn’t stop at invoicing. And as soon as you take on employees you have payroll, and that’s more maths. This is where it can start to get really complicated, what with taxes, pensions schemes, company tax returns, VAT, and more. And the fact is that you have to get everything right because you are now, among other things, dealing with HMRC, and they can get very cross if you make mistakes.
Not only that, but they can issue you with fines as well. In fact, payroll can be so complicated that almost half of businesses in Britain and Europe now outsource their payroll to companies who do nothing other than calculate the payroll and taxes for their clients, because it takes so much time and is so involved that it becomes better to let a specialist handle it and get rid of all the hassle that goes with it.
However, if your business hasn’t yet reached that stage, you have to handle payroll in-house and that means investing in software to deal with it and also training a member of staff how to use it so that your employees get paid on time and your tax returns are always correct.
It is not just your payroll, of course. There are all the other matters that come under the headings of bookkeeping and accounting. However, all of these can be handled by software today, so at least that takes away some of the hassle.
Or does it?
You have to learn how to use the software. It is a bit like learning to drive. You don’t think anything of driving now, but think back to when you first stepped behind the wheel of a car. Sure, it makes life so much easier than walking or using public transport to get from point A to point B. But you have to learn how to drive the car. In exactly the same way, you have to learn how to use accounting software.
There are a number of different accounting softwares available, but one of the most well-known is Sage 50. The good news is that it can handle just about everything that you throw at it, once you know how to use it. And this is why, at Total Training Solutions we run courses in the use of Sage 50.
You can either take our Sage course in Leeds, or one of our several other training centres up and down the country, or you can enrol in one of our eLearning courses which you can do from anywhere with an internet connection. Our virtual classroom courses have become extremely popular since the beginning of the pandemic since you don’t have to travel, and you can interact with our instructor, using the latest technology. You could also choose to use eLearning at your own pace and at a time of your choosing if you prefer. The latter is ideal for those whose working day makes it difficult to be online in a virtual classroom, but the choice is yours.