Keeping on top of your accounts is a big part of running a successful and profitable business. But you don’t want to spend ALL your time dealing with accounting tasks, especially when that time could be spent building customer relationships, or developing new products etc.
So, how do you keep your finances in check, while also spending less time on your accounts?
1. Bringing your accounting into the digital age
Switching to cloud accounting can be a revolutionary step for many business owners, especially when you look at the ways you can streamline and automate the basic accounting tasks. By using accounting platforms like Xero you get all the basics of small business financial management, but with the benefits of smart automation.
With Xero cloud accounting software, you can:
2. Getting paid faster and with less admin
With a cloud accounting platform driving your business, you also make it easier to send out e-invoices and get paid faster and more effectively. Improving your payment times and cash collection can make a huge difference to your cashflow position, and also sets the right expectations with your customers – making it clear that you require to be made on time.
Using the invoicing function in your business software, you can:
3. Getting a better overview of your important numbers
Using cloud accounting isn’t just about automating the time-consuming financial admin tasks. By recording and tracking all the financial and non-financial data flowing through your system, your accounting platform can actually provide you with a goldmine of useful real-time information.
With cloud accounting providing your reporting, you can
Talk to us about setting up a more productive kind of accounting
If you want complete control of your finances and business decision-making, updating your accounting software and processes will be key to achieving that goal.
We can support you through the transition to cloud accounting software and show you all of the benefits you and your business can get from automation and real-time data.