You're far too busy to deal with the pain of financial management that inevitably comes with your successful business. Luckily, there are many accounting tools to save you time and money so you can keep doing what you do best and push on the fun. Accounting tools records and processes accounting transactions such as accounts payable, accounts receivable, payroll, and trial balance in one handy dandy app. By using these three accounting tools, we hope that it will not only save you time and money but also sweat and tears.
Xero is the best thing since sliced bread. Whether you're a small business or an accountant for clients, Xero's cloud accounting software is magical. Xero's cloud software ensure that you can see your cashflow in real-time, gives you a clear picture of your finances, the flexibility to access your accounts wherever you want, share your data, and free updates. With the data given to you by Xero, you will be able to see opportunities for future growth and get much better insight and advice. There are also other popular features such as easy invoicing, claiming expenses, and creating purchase orders that you can do with Xero. You will naturally become much more in tune with your financial situation by using Xero as its interface is intuitive and easy. Xero is the accounting tool that we use as well.
Fast and secure, you can start sending professional invoices, track time and capture expenses in mere minutes with FreshBooks. FreshBooks is incredibly user-friendly that makes generating popular reports such as tax summary, payments collected, profits and losses, and expenses easy. Essentially, you can check in on your business anywhere with any device by using FreshBooks.
Integrated with Xero, Receipt Bank keeps all of your receipts in one spot and organizes them so you can recycle them. Simply take a photo of your receipt and Receipt Bank will store the information for you so you can have access to it anytime and anywhere. Receipt Bank also pulls information from invoices accurately and quickly.
Stripe offers a wide range of services such as card storage, coupons, and the ability to accept payments from anyone anywhere in the world. Stripe is an ideal tool to accept payments online. Integrate Stripe with your existing accounting or ERP systems and work with international clients while still getting paid in your preferred currency. In a nutshell, Stripe has a secure system that handles all of your transactions online with clients all over the world.
Mile IQ captures every mile you drive. Why is this important? By marking your drives as personal, business, etc, you can report your mileage expenses to your employer or deduct mileage on your next tax return. Essentially, Mile IQ calculates how valuable your drives are. You don't need to manually log every trip you take as Mile IQ automatically and reliably tracks your mileage with minimal battery use. You are also free to set your preferences, add specific vehicles, purposes, and locations. Let Mile IQ handle all of your driving necessities for you.
The fun of running a business is to be doing something you're passionate about. Being busy worrying and managing your finances should not take the fun away from what you want to be doing. We hope that these helpful accounting tools will be of use and make your lives a whole lot easier.