If you are running a small business, you have limited resources i.e time, money etc. And there are many tasks that you have to handle yourself for example; business development, management, customer support etc. But one of the biggest challenges considered while running a business is managing your finances but reality is quite the opposite.
There exists accounting softwares with the help of which you can easily manage many accounting tasks yourself. Ola Books being one of them.
You can stay up to date on your invoices using excel but there can be many bunders on it for example incorrect numbers or dates in data entry as entry of data is done manually and there always exists a chance of human error. These types of mistakes can delay payments.
But using an automated cloud based accounting software prevents you from facing such problems. Your work becomes efficient both in quality and speed. You can create customized invoices for each client, set up payment reminders, save time by duplicating past invoices and integrate your bank accounts for fast payments.
Accepting and recording invoices:
With the right accounting software, you can integrate your bank accounts credit and debit cards to your accounting software account which will help you accept payments online and you would not have to run to the bank dealing with any problems like bounced cheques, currency exchanges etc.
With online payments, the software would also record these payments online automatically. You would not have to manage long spreadsheets or papers. It would be done automatically by Ola Books.
Knowing where your business stands:
Running a successful business is so much more than sending invoices, receiving payments, tracking expenses and filing tax returns. You should know where your business stands, how much cash is flowing in and out of your business.
Now recording cash flow manually on spreadsheets or on papers is quite a problematic task and you cannot always be sure if all the numbers are right. An annual analysis of the business can get really tough going through all the spreadsheets and papers. And doing it this way takes a long time so you would probably need to hire someone. But there is a solution with which you can do the task yourself in no time. You can use an online software that would be automated in making a summary of your profit, your debts or how much anyone owes you.
#Switch to Ola Books.
For more information, visit https://www.olabooks.co/