If you keep putting your finance paperwork in the too-hard basket then perhaps it’s time to abandon paper and switch to an iPad.
The start of a new financial year offers the perfect time to turn over a new leaf and get your business finances in order. If you’ve been hurting your business and hampering your cash flow by ignoring your paperwork, then it’s worth looking at the new generation of cloud-based accounting and finance packages designed to take the pain out of managing your business affairs.
One of the key benefits of embracing the cloud is that it’s easy to access your finances anywhere, anytime and via any device. This means you can be just as productive using an iPad or iPhone as when using a desktop computer, meaning you don’t need to wait until you get back to your desk before you tackle your paperwork.
Some business users will see immediate benefits from the ability to issue quotes, purchase orders, invoices and receipts while on the move, rather than waiting until they get back to the office. This can significantly speed up the turnaround time on jobs, ensuring you get paid sooner.
You can even use an iGadget to accept credit card payments on the spot, when combined with a mobile banking app or a portable credit card reader. It certainly beats old-fashioned ideas like waiting for the cheque to arrive in the mail.
Cloud-based finance packages can also reconcile your bank statements against invoices to automatically record when you’ve been paid. This makes it much easier to manage your cash flow, plus you can quickly identify unpaid invoices so you can chase them up.
Of course, there’s more to your business finances than simply issuing invoices and accepting payments. Some finance packages can also track expenses, saving you hours at tax time. They also support advanced modules like payroll, as well as linking to third-party services handling tasks like point of sale, inventory, customer relationship management and human resources.
With this kind of power at your fingertips you don’t need to wait until the end of the month or quarter to see how your business is tracking; you can view today’s figures on a real-time dashboard to nip problems in the bud.
Come tax time, it’s easy to export your financial data in a format that you can send directly to your accountant. Some services even let you grant your accountant limited access, so they can manage your books without you needing to make an appointment.
If you’re swamped under a pile of finance paperwork then an iPad offers the perfect way to easily manage your business, so you can get back to focusing on what you do best.
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