Any business owner will tell you that there is never enough time in the day. Prioritising key areas in the business such as clients, staff, finances, sales, marketing and general operations, can be difficult.
Technology developments in new cloud accounting software now offers a number of powerful applications to help improve time management and help ease some of the stress and workload.
Here are three bookkeeping ‘Add-ons’ products that will change your life:
1. Saving you time and money
Receipt Bank is a great tool to help you track expenses and record every receipt using email or smartphone application. Scan your receipt using the Receipt Bank smartphone app and all the information of your receipt is automatically collected and transferred into Xero or Intuit QuickBooks.
Using Receipt Bank means that you will not need to collect every receipt and no more sitting down entering information manually. The automation helps streamline the process, saving you and your bookkeeper time and money.
2. Reduce time to chase old invoices
One of the main challenges with business owners is managing cashflow. There is considerable amount of time spent tracking and chasing outstanding invoices.
Debtor Daddy is a great add-on application to help you track invoices and follow up outstanding invoices. It is an automated system that saves you time and more helps you improve your cashflow.
With integration with Xero, Debtor Daddy can be trialed free for 30 days.
3. Improving Cashflow
Offering additional payment methods such as Visa, MasterCard and American Express provides convenience to your clients and will help you improve your cashflow. eWay is a popular payment application that gives your clients access to a secured payment gateway and allows you to accept payments online.
Eway integrates with over 200 different shopping carts. For a monthly fee, you can now offer your clients this convenience.
Xero & Intuit QuickBooks offer so many add-on applications. Identifying which add-on applications will work for your business needs and learning how to implement them requires a cloud based bookkeeping company to assist you.
Choosing the right accounting software can increase your business efficiency and help you save time and money. If you would like some help with the best bookkeeping software for small business, don’t hesitate to reach out.