FTSE 100 COMPANY SAGE has launched an online accountancy package for accountants and small businesses.
Sage One is the first online and Mac-enabled accountancy technology the company has produced.
The product allows accountants to see a range of client information, including VAT and banking transactions in real-time.
Simon Black, MD of Sage Online, said the software was built in-house and had been beta-tested for six months. It was not an accounts production product but a client management tool, he added.
David Gibson, partner at Blue Sky Chartered Accountants, has been testing Sage One since July. He said the product pushed compliance and book-keeping back to the client. However, it allowed them to choose how much data entry capabilities they wanted.
The product is divided into three functions which are sold separately. Sage One Cashbook allows users to enter banking transactions and share the information with their accountant. Sage One Accounts can be used to create invoices as well as calculate and submit VAT returns. Sage One Accountant Edition enables the accountant to see real-time data on their client including outstanding invoices and cash management.
Currently data from Sage’s traditional on-premise software cannot be transferred to the new system without manual input. A spokesperson said Sage was working on changing that in the future.
Cashbook is charged at £5 per month; Accounts £10 per month; Accountant Edition is free to Sage Accountant’s Club members, and £250 per annum for non-members. Sage is offering 24 hour support seven days a week, and there will be three free upgrades a year.
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