How to get ready for Making Tax Digital for VAT
HMRC now signs up new VAT-registered businesses for MTD automatically. Learn how MTD for VAT applies, choosing software, and filing VAT Returns.
Flexible online accounting software. Unlock potential, gain clarity, and save time with cloud accounting software for freelancers, sole traders, and small businesses.
Desktop accounting with cloud connectivity for small businesses with advanced needs:
Having our inventory entries and adjustments entered automatically will certainly add to our productivity and save hours every month, while giving us better visibility into what’s happening with our inventory.
1. ABC Analysis: this system classifies inventory items into three categories (A, B, and C), based on their value, allowing businesses to prioritise their stock management accordingly.
2. Economic Order Quantity (EOQ): this method finds the best order quantity that minimises total inventory costs, such as holding and ordering costs.
3. Safety Stock: this method involves keeping extra inventory on hand to prevent stockouts and maintain customer service levels.
4. Just-in-Time (JIT): JIT inventory management is designed to minimise the amount of stock held on hand. Businesses order inventory only as needed, reducing the need for storage and lowering the risk of stock obsolescence.
Finding the right inventory tracking software is all about meeting your business’s specific needs. Here’s what to look for:
Sage’s stock management systems tick all these boxes, helping businesses streamline inventory planning and grow with confidence.
HMRC now signs up new VAT-registered businesses for MTD automatically. Learn how MTD for VAT applies, choosing software, and filing VAT Returns.
MTD for VAT Returns are due one calendar month and seven days after your VAT period ends. See the key dates and a deadline checklist.
Embedded accounting is changing how small businesses keep records. Discover what it means for accountants and how to support clients effectively.
Not sure where your cash will be next month? Download the free UK cash flow forecast template and find out before it matters.
BLC Forklifts, founded in 1992, grew from six to a company that hires hundreds of contractors, and rents over 100 trucks to thousands of customers. How? Through Sage Business Cloud Accounting.
What does the shift from backward-looking reporting to forward-looking business partnering demand of CFOs in terms of systems, skills & team structure?
Why a single P&L stops being enough as UK businesses add subsidiaries, revenue streams, and joint ventures — and how reporting architecture needs to evolve.
Why group consolidation drags on finance teams, the architectural fixes that speed it up, and what the process looks like once it's automated.
If you want to explore our inventory management software further, please reach out. We're here and ready to connect with you.