December 2021

13- Dec2021
Posted By: Axcelerate
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Accounting and payroll software that’s leading the market into transitioning digitally

More and more South African companies across industries and sectors are coming to the realisation that a paperless system is the way to go. Moving from a paper-based system to a digital and cloud system to be specific, not only simplifies operations but makes it seamless. This system is financial management on the tip of your fingers.

Although we cannot replace the role that accountants and bookkeepers play in updating business ledgers, at the core of a highly functioning business is how it stores its client’s data, financial data, and other information that is important for the business to thrive. Axcelerate in partnership with leading software accounting firm —Sage has been the leading accounting practice to slowly phase out a paper-based accounting system.

There are benefits to the new way of doing things, and considering the impact of paper on climate, more businesses have an interest in the need to do things digitally. The system allows both clients and business owners to keep track of all transactions, send and receive invoices, record sales, and file tax returns on behalf of for their clients. With the newly launched tax wizard, business owners and accountants are able to file their tax returns through a ground breaking integration to SARS’s e-filling.

Other benefits include the following, according to Axcelerate’s Executive Director, Tshepiso Sekudu

  • There is little room for human error, a challenge most companies face when dealing with a paper-based system, i.e., capturing the client’s details incorrectly, information asymmetry and other accounting errors which poses a risk to the internal control environment;
  • Growth: Migrating to a paper-based accounting operating software allows the business to scale to its fullest potential by enabling the company to manage their client’s information and data without seizing the capacity to do so;
  • Proper record keeping: Record keeping can be a nightmare for both business owners, accounting officers and bookkeepers, as information constantly needs to be updated, and this system allows for the updates to be automated without changing a whole document by hand.
  • Increasing profits: Increasing profit margins and multiplying revenue is an important part of growing the business. This also comes with the idea that when you have the correct systems and processes in place, the business can thrive. This also reduces expenses incurred when using paper.
  • Focusing on the bottom line: Moving to a paperless operating system also offers the business overall financial growth. It attracts customers worldwide and allows business owner to manage their data and information remotely without moving or being physically present.
  • Integration: software that allows for integration to e-commerce platforms, digital account management for customers to manage their accounts and secure online payments via various payment gateways.
  • Lastly, it offers the convenience of not losing important information, which may be backdated and needs to be kept on record for future filing. All historical and current information is kept within the same system, which allows for auditing purposes to be seamless.

“Our clients and our counterparts are always curious about how we keep our competitive edge as a business. And we are quite clear that part of growing the business involves moving with the trends and new ways of doing business, which involves technology and improving on systems”

Tshepiso Sekudu -

He also adds that the system places the client’s needs for privacy and data protection at the centre. As an accomplished accounting firm, Axcelerate believes in compliance and ensuring that clients can trust in them for managing personal and sensitive information correctly.

Who can use this product?

Whether you are a newly founded business owner, freelancer or an existing business, this software is for you and all your clients’ needs to be able to manage information correctly and in the most reliable way.

How do I migrate?

Our team at Axcelerate are ready to provide you with details for your bespoke business needs. Reach out to us on our website www.axcelerate.co.za as well as for any further enquiries email info@axcelerate.co.za , sign up by clicking here and let us take care of the migration.

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Making an impact through teaching accounting skills

As a growing business, Axcelerate is passionate about making an impact and transferring skills and empowering others. Axcelerate, powered by Sage has been hosting a selected individuals to attend the sage Skills Empowerment  bootcamp. The Bootcamp has been a success and yielded positive following the bootcamps being held in the two cities in Gauteng (Johannesburg and Pretoria) between August and November 2021.

The bootcamp covers various modules such as bookkeeping fundamentals, Sage Business Cloud accounting, Sage Business Cloud Payroll and Sage Cloud Payroll Professional. This year Axcelerate successfully trained 85 candidates, who have all completed the programme. “I just want to extend my gratitude to Axcelerate team for their investment in me, you guys changed my narrative, a month after the bootcamp I am employed in the global mining company, I aced three interviews and I was the one to decide where to go”, one of the beneficiaries testified.

“Given the state of unemployment in South Africa, hosting these workshops help young graduates and matriculants to gain skills. Reducing the unemployment rate in South Africa through education and skills transfer is part of Axcelerate’s mission”. We exist to curate and train new finance and payroll professionals , and we need new minds and talent to improve the sector, Managing Director Refentse Masha (CA) SA said.

Refentse-1

Axcelerate’s value is being able to empower others to be astute professionals in the sector in areas of business management software, accounting, tax, financial management and reporting. These are skills that can help them in their future as well as increase their chances of employment prospects.

All bootcamps are funded by Sage, thus increasing capacity within the Finance and ICT sector.