Small Business Accounting Software has taken small business finances a from shoebox full of receipts or an excel spreadsheet to a quick, time saving, easy to use business wonder tool.
Long gone are the days when you had your books in one place and then had to spend hours matching the numbers against your checking account. Once you enter a sale or expense into your business accounting software, one click matches the transactions to your bank account. This saves times and helps prevent pesky accidental clerical errors which inevitably come from manual input.
Contact management is built into a good small business accounting software which lets you store records about invoicing, payment collections and orders all in one place. No more putting people on hold while you search for paper files, all your data is at your fingertips. Your client and vendor relationships are your most important asset and a good financial tool will help you track and manage your relationships effectively and professionally.
These days business accounting software is so easy to use that you no longer need a degree in accounting or a 6 month course on how to use your software before you can take advantage of using it. Tap and track expenses, automated reports, email invoices, integrated CRM, tax reports, all the nuts and bolts of your finances are streamlined and set up which saves you time so you can focus on other aspects of running your business.
If you have inventory, small business accounting software can help you manage your inventory and link it to your financial records to track what you have on hand, which makes reordering so easy. It also helps you identify popular items, spot purchasing trends and start to use your inventory data to improve your business!
Email invoicing is the best way to save money on office supplies and save the planet. No more printing costs, paper supplies, struggling with stamps, tracking when things send, keeping manual records when you mail something, rifling through files or worrying that your invoices were received. Plus, linking your invoicing to your accounting software means that when it sends your accounts will update automatically, saving you time and steps.
Then when you need to check in on your business, with a click of a button you can generate financial reports, look for trends, create reports for tax filings and take the stress out of monitoring your business’s financial health.
Business accounting software has changed the way that small businesses run by making it easy and painless!
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About Dena: Dena Stern was the author and curator of the WorkingPoint blog, a resource for small businesses. She spent five years as a program officer and fundraiser for a community non profit before she began channeling her passion for relationship building, social media and SEO to help small businesses be successful. Both her parents own and operate small, local businesses and were hit hard by the economic downturn and she is passionate about using new technologies to help small businesses thrive in the changing landscape. She is currently the Managing Editor for Exercise.com
Afterword from Espree:
I have personally used WorkingPoint for about a year now and love the tool. What I found is that other tools like MINT and inDinero are solely aggregators, but Working Point gives me my realtime transaction and allows me to edit and adjust accordingly to your book keeping needs.
What’s the most interesting funny thing you ever expensed or wrote off as a business expense and why? Please share in the comments!