How you can use bookkeeping software in your start-up business
If you’ve just started a business, it’s important to spend time developing and growing it. That’s where having good online bookkeeping software can really help you. It can save you time and money, by quickly providing you with all the up-to-date information that you need to make smart business decisions. You can only get so far with Excel spreadsheets!
For example, you can use online bookkeeping software to:
control your cash flow by monitoring and forecasting your revenue and expenses.
add staff or new customer accounts quickly and easily as your business grows.
keep track of all your financial transactions to make all your tax-reporting obligations easier (like BAS statements).
provide key financial information about your business to potential investors and suppliers.
keep your business lean and competitive.
cut down on paperwork.
When should you get online bookkeeping software?
If you’re already sending out multiple customer invoices each month and you want your business to grow to be more than just a hobby, investing in online bookkeeping software could be one of the smartest business decisions that you ever make.
Getting it early will also help you to establish a more professional presence for your business. For example, by allowing you to invoice your customers online or pay your business bills even while you’re on the go.
How we can help
At Scorpion Bookkeeping, we specialise in helping entrepreneurs in start-up businesses to set up their bookkeeping so you’ll always have the key information you need at your fingertips. We’re a Xero-certified advisor we can also help you with any other bookkeeping support services that you need. We currently have clients in South Australia, Victoria and New South Wales.