There are many benefits to moving to an online bookkeeping package. The main benefits are:
Smart Invoicing – Better Cashflow!
With the best online bookkeeping packages, you can create invoices and e-mail them to your customers at the click of a button. You can also include your bank details for payment and will also be notified when the customer has received your mail and viewed the invoice, no more excuses about it getting lost in the post!
Save time – Save money
The task of bookkeeping used to be laden down with time-consuming paperwork and manual checking of information.
Now you can import your bank statements, securely and easily, directly to your online bookkeeping package which will then allow you to allocate transactions with the minimum of fuss leading to a streamlined bank reconciliation process.
You can track your inventories accurately and also view staff time sheets.
All in all, this should lead to less time-consuming administration and more time focusing on the business.
All business owners could use more information about their company. The benefit with this is that business owners will have access to more data than ever before. Trends, such as losses and profits, will be easier to track with online software. Reports can easily be generated that will help keep business owners aware of what is going on in their business and the areas that may require improvements
The world today is completely mobile and many business owners are finding it necessary to have access to their information while away from the office. With an online bookkeeping system, it is simple to access invoices, financial information and other types of data from just about anywhere. This can be a huge benefit to business owners who travel or have meetings away from the office where access to this type of information is important.
Disclaimer: Advice shared in this blog is intended to inform rather than advise. Taxpayer's circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this forum, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.