Geeks2U Promise
We guarantee you'll love our fast, friendly service - or we'll refund your money.  
133,572 Happy Customers & Counting
Need tech support?
1300 769 448
Extended hours, 7 days a week
Home  /  geekspeak  /  Is your old-school finance system holding your business back?

Is your old-school finance system holding your business back?

finance

If your paperwork piles up while you’re away from your desk then it might be time to streamline your business with a cloud-based finance package.

Paperwork is one of those necessary evils when you run a business. You might prefer to spend all your time focusing on your passions, but the business won’t get far if you neglect your finances.

There was a time when all of that admin work saw you stuck at your desk for hours, wading through piles of paperwork and dealing with desktop software restricted to a single computer. If your job involved spending most of your day away from your desk then all that paperwork would need to wait until the end of the day, week or even month.

These delays can play havoc with your cashflow if you’re putting off issuing invoices, processing payments and chasing slow payers. As a result you might be working harder than ever, yet feel like you’ve got little to show for it when it comes time to pay your own bills.

Thankfully the new generation of cloud-based finance packages make it easy to manage your business anywhere, anytime and from practically any device. All your data is securely hosted online, so you can pick up your computer, smartphone or tablet and have everything at your fingertips. You also have the advantage of paying a monthly subscription for your finance system rather than buying the software outright in a lump sum.

The more finance processes you can automate the smoother your business will run, for example by automatically reconciling a customer’s payment advice against your bank statements and notifying you of outstanding invoices.

You can turn any handheld device into a portable payments terminal using a tiny contactless card reader, letting you do business on the spot while importing the transaction directly into your finance system.

Meanwhile it’s easy to track your expenses on the go, processing them straight from your smartphone rather than throwing all your paper receipts in a box until tax time.

A cloud-based finance package saves you time and effort every day, but you’ll particularly appreciate the benefits when it comes time to pay your quarterly Business Activity Statement or annual tax bill. Instead of spending days shuffling paperwork and scouring spreadsheets, you can now draw together that information with a few clicks.

There are several cloud-based finance packages to choose from, some offering optional advanced modules such as inventory and payroll. It’s worth seeking advice from your accountant and doing plenty of research to find the best fit for your business, rather than jumping in the deep end and hoping for the best.

Keep in mind that you’re not just looking for a finance system which meets your current needs, it needs to scale to meet your future needs so you don’t outgrow it quickly. That way you can get back to doing what you do best, knowing that your cloud finance package is taking care of business.

FacebookTwitterGoogle+Share

Recent News

pc-clean

Most people, if given the choice, will try to skip out on doing the evening dishes, or for that matter even loading a dishwasher. It’s not exactly the most thrilling of chores to undertake, but if you don’t clean your dishes somehow, everything ends up dirty and unusable. It’s much the same story for your… More 

fb

Facebook is a service beloved by many, because it makes it so very easy to keep in touch with friends, family, acquaintances and more in an environment that’s generally easy to use and that can be quite fun. It’s one of the world’s busiest web sites, and one of the tech world’s most valuable companies…. More 

browsers

The chances are good that when you browse the web, you’re doing so via Google’s own particular browser, Google Chrome. Chrome has anywhere between 47% to 60% of the browser market sewn up. That might not seem that impressive, but the next largest market share is usually given to Apple’s Safari browser at between 13%… More 

mackeyboarda

Apple sells itself as a premium brand, both in style terms, but also for the quality of the computing equipment it sells. That’s a proposition that can very much become quasi-religious for some folks, although few would suggest that Apple sells bad computing equipment. Wherever you sit on that spectrum, there’s no doubting that consumers… More