Managing your accounts with mobile apps
As a small business owner I work hard and am out of the office all the time. I want to manage my business better using a mobile app? Can you advise me how to do this? As a small business owner, you probably spend a lot of time out of the office. So it makes sense to be able to keep your accounts in order while you’re on the move. Here’s how to do it – and save yourself time and money. Plus keep your evenings free for things like life. MANAGING YOUR MOBILE BUSINESS
Mobile accounting apps let you manage expenses, send invoices and track your cash flow from anywhere. There’s no need to wait until you get back to the office at the end of the day.Here’s how a mobile accounting app can work for you.
Invoicing on the move: Send invoices directly from your mobile device, straight after you finish a piece of work. You won’t have to waste your evenings on billing, and you’ll be far less likely to forget about sending an invoice.
Check payments: Mobile accounting apps pull fresh bank data through every day so you can check to see if and when payments have landed.
Keeping an eye on your cash flow: Keeping tabs on money coming in and going out is vital. Without good cash flow your business can go under – even if it’s profitable on paper. Mobile accounting apps help you check cash flow whenever you like, with simple dashboards that show you things like revenue, expenditure, overdue invoices and payments that are due. WILL MOBILE ACCOUNTING APPS WORK FOR YOU?
Mobile accounting apps are useful for almost any business. But they are great for sole traders and businesses that don’t have dedicated office staff.
You can do things on the fly that might otherwise take hours. Instant invoicing, cash flow management and accounts reconciliation. You can still access your accounts online from a desktop computer too. It’s exactly the same accounting data.
When you’re ready to start using a mobile accounting app, choose wisely. Get one with on-the-go invoicing and visual dashboards. Make sure it syncs with your bank account every day, too. These time-saving features will help you streamline your daily finances. MAKING LIFE & YOUR FINANCES EASIER
Keeping on top of finances has traditionally been a chore for small business owners. But technology has made it easier. Twenty years ago, you’d have had a shoebox full of paper records and a collection of spreadsheets. Then dedicated accounting software came along, but it could only run on a single computer. Now we have online accounting tools that can be used anywhere at any time, on any device.
Each transition has made life simpler. Mobile accounting apps let you build bookkeeping and accounting into your work day. These apps automate much of the work, which means you spend less time going through the numbers.
That means more free time for you in the evening and at the weekend – and less chance of accounting errors and more time to concentration on being with your customers. Jim Doyle ACMA QFA CGMA is a partner in RDA Accountants, offering full accountancy, business advisory, tax advisory and financial services | 5 Upper George Street, Wexford | 053 9170507 | Hanover Court, Carlow | 059 9142362 | Louisville House, Waterford Road, Kilkenny | 056 7722094 | www.rda.ie RDA Wealth Ltd trading as RDA Accountants is regulated by the Central Bank of Ireland
RDA Accountants