Imagine not having to hold paper files. Imagine sharing an accounting system on-line with your accountant, so at the flick of a switch you can have a cash flow report ready for your bank manager!
There are lots of easy ways to take advantage of technology and save time and paperwork. For instance have you considered Xero? It’s accounting in the cloud and it’s as secure as your regular online banking.
But getting back to basics, it’s a good idea to get into a regular routine of monitoring bills and invoices to avoid problems. I recommend you make time – at least once a week – to make payments and manage invoices, as this regular activity stops things building up. Many of your suppliers probably email you an invoice, instead of printing it? If you make use of accounting software like Xero you can easily store your digital invoice in its handy on-line filing cabinet and easily attach it to the transaction (no more annoying questions from the accountant … right?). Or you can scan the invoice you received in the mail and input to your on-line filing cabinet and dare I say it… screw up the hard copy and file it in the bin!!
And entering your accounts payable in Xero helps you manage your cashflow as you can schedule your payments and batch process them to the bank too. Easy!
Just imagine how much time you could save to hang out with your kids, enjoy your hobby or just relax? We’re Xero Gold experts here at Ezebiz and we can quickly and easily get you started with free training and access to Xero’s free online software. Just give us a call, we’re here to help.