Financial management is one of the first aspects of business that should be addressed when trying to get your business off the ground. Good recordkeeping is as important as sales when it comes to starting and growing a business. The truth is, while sales will bring in the business, only good admin and recordkeeping will keep you in business. Setting up a simple but comprehensive recordkeeping system goes a long way in ensuring that you don’t just become another ‘failed’ statistic. These daysonline business management and accounting solutions can give you a simple, scalable and effective way to handle and report on your money matters.
Trying to find the right accounting software, however, can be a daunting task. You need a system that is both effective and easy-to-use so that someone with little or no accounting knowledge can easily understand and implement it in their business.
Here’s a breakdown of how accounting software can assist you:
Easily setup quotes and invoicing that looks professional and is accurate.
There are a plethora of systems available; most of them tend to be complicated and oftentimes expensive. But small businesses need something simple. You need accounting software that will accurately cover the basic financial aspects of running a business as well as support on how best to manage your income. It needs to be easy to understand and use.
Accounting software that assists with the process of creating quotes and invoices -the essential documents to secure payment – can help eliminate a lot of hassle, save time and ensure accuracy. Even better, there’s accounting software available that automatically imports your information and also converts quotes into invoices in an easy-to-share PDF format. This means you can spend less time doing paperwork and more time doing business.
Manage payroll easily and provide compliant payslips for your employees.
A lot of startup owners are not aware of the financial admin that goes along with the management of employees. There is also the tax man and labour department to keep in mind. You need to understand the serious repercussions faced if you don’t supply your employees with the correct information.
Educating business owners on the creation of payslips and management of their payroll is greatly simplified if you introduce accounting software. The system will ensure that all relevant data like employees’ income tax number, Unemployment Insurance Fund (UIF) and salary breakdown is included on every payslip.
Online accounting software is giving startup owner’s remote control over their financial management.
Storing client information online is still approached with a certain amount of hesitancy, althoughaccounting software is more equipped to protect crucial data than we think. Everything is backed up on a remote server meaning that you are able to access all financial documents even if load shedding (for example) fries the computers.
Working online also means that financial documents and statements can be created and sent out from anywhere at any time as long as there’s an internet connection. This means you don’t have to waste time by going back to the office to issue a last minute invoice. You can do it from anywhere, at any time.
There is accounting support available so you can focus on other business matters.
If you find an accounting software system that has a comprehensive support system, with more than just a basic call centre, you truly have a gem in your pocket. As a system developed by entrepreneurs for entrepreneurs, SMEasy’s online accounting and business management systemgoes the extra mile when it comes to support. We have no fewer than six different channels through which small business owners can get support – give a call, send an email or even let us have look at the problem directly using team viewer.
Our online accounting software and business management system is easy-to-use and helps to compile quotes, invoices and payslips with all the relevant information. All documents are not only accurately set up but also look professional with a company logo included on each page.