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Five Apps That Put Your Business on Your Fingertips
Accounting industry has benefited so much from the technology
boom. Accounting and running a small business now adays have improved
exponentially. It wasn’t long ago that some colleges and university were
talking about “general Ledgers” “Books” and so on. Basically, accounting hadn’t
changed in a long time.
Now, I am pleasantly
surprised when I see new apps are emerging that changing accounting and making
it so much more efficient and effective to run a business.
Business on your fingertips –
literally
Number one app spot
belongs to QuickBooks Online.
QuickBooks Online
(QBO)
This app will empower you to run your
business even better, save time, your money, and your business. According to
Intuit, over 98% of customers agree that QuickBooks helps them run their
business more easily. QBO acts like a hub which other apps can be attached to
it and making it and your business so much more powerful.
This app enables you to also connect it
to your bank and credit card. Once this is done data will flow through it
instantly.
Once this is done, reports can be
produced so you can see how your business is doing. Speaking of reports, they
can also be customized, you can choose a favorite report, perform analysis and
much more. You can make decisions and see trends right away. One of the
features that I like is running comparisons either year-by-year or quarter by
quarter. I don’t think that you have to be a geek to appreciate this. If you
are serious entrepreneur, you will know how valuable this is.
I don’t think even the Chief Financial
Officer (CFO) of Coca Cola or IBM had this instant data10 years ago.
Benefits
1.
Instant backup
2.
Access to data from
anywhere any time
3.
Instant score card and
reports
4.
Collaborate with partners
5.
Improve cashflow
6.
Receipt Management
7.
Up-to-date Software
Number 2 App, Dext
This app saves a ton of bookkeeping time and indirectly makes you the best record keeper.
As you take pictures of your receipts
or email them to your unique Dext email. The built in OCT technology, reads the
data such as supplier name, invoice number, invoice data, costs, taxes, methods
of payment and submit them if connected to QBO. One of our Numetrica clients
submitted over 1,300 receipts to Dext by having his kid scanning them in a few
minutes. This saved him hours of time. Our staff configured his Dext account and
in a matter of minutes all of the receipts were uploaded (published) in to QBO,
saving even more time and money. Better yet, Dext saves the electronic receipts
for 10 years. In case CRA is asking for any of those receipts we can identify
them again in minutes. This again saves time. Time saved is money earned – tax
free.
Benefits to business
1.
Save time
2.
Improve accuracy of
uploading receipts
3.
Audit Trail
4.
Connects with QBO
5.
Record keeping
6.
Cloud Storage
Number 3 App is Dropbox
This is one of my favorites, all our client’s
data are saved on this app. We can easily go to any client’s folders and find
any documents that was previously saved. For instance, one of our clients in
Number 4 App is Slack
Another favourite app that we use
everyday. I have nothing against email however, if you have 100s of clients and
send numerous emails, good luck finding a specific information in those emails.
Through slack, channels are created, this could be clients name and
communication about that clients are conducted in that channel. You can easily see what actions needs to be
taken, what has been accomplished and so on. It is so great in case an employee
has left, the new employee in charge of the file can see the whole documented
history.
Numetricacity.ca
View all episodes
By Numetrica CityAccounting industry has benefited so much from the technology
boom. Accounting and running a small business now adays have improved
exponentially. It wasn’t long ago that some colleges and university were
talking about “general Ledgers” “Books” and so on. Basically, accounting hadn’t
changed in a long time.
Now, I am pleasantly
surprised when I see new apps are emerging that changing accounting and making
it so much more efficient and effective to run a business.
Business on your fingertips –
literally
Number one app spot
belongs to QuickBooks Online.
QuickBooks Online
(QBO)
This app will empower you to run your
business even better, save time, your money, and your business. According to
Intuit, over 98% of customers agree that QuickBooks helps them run their
business more easily. QBO acts like a hub which other apps can be attached to
it and making it and your business so much more powerful.
This app enables you to also connect it
to your bank and credit card. Once this is done data will flow through it
instantly.
Once this is done, reports can be
produced so you can see how your business is doing. Speaking of reports, they
can also be customized, you can choose a favorite report, perform analysis and
much more. You can make decisions and see trends right away. One of the
features that I like is running comparisons either year-by-year or quarter by
quarter. I don’t think that you have to be a geek to appreciate this. If you
are serious entrepreneur, you will know how valuable this is.
I don’t think even the Chief Financial
Officer (CFO) of Coca Cola or IBM had this instant data10 years ago.
Benefits
1.
Instant backup
2.
Access to data from
anywhere any time
3.
Instant score card and
reports
4.
Collaborate with partners
5.
Improve cashflow
6.
Receipt Management
7.
Up-to-date Software
Number 2 App, Dext
This app saves a ton of bookkeeping time and indirectly makes you the best record keeper.
As you take pictures of your receipts
or email them to your unique Dext email. The built in OCT technology, reads the
data such as supplier name, invoice number, invoice data, costs, taxes, methods
of payment and submit them if connected to QBO. One of our Numetrica clients
submitted over 1,300 receipts to Dext by having his kid scanning them in a few
minutes. This saved him hours of time. Our staff configured his Dext account and
in a matter of minutes all of the receipts were uploaded (published) in to QBO,
saving even more time and money. Better yet, Dext saves the electronic receipts
for 10 years. In case CRA is asking for any of those receipts we can identify
them again in minutes. This again saves time. Time saved is money earned – tax
free.
Benefits to business
1.
Save time
2.
Improve accuracy of
uploading receipts
3.
Audit Trail
4.
Connects with QBO
5.
Record keeping
6.
Cloud Storage
Number 3 App is Dropbox
This is one of my favorites, all our client’s
data are saved on this app. We can easily go to any client’s folders and find
any documents that was previously saved. For instance, one of our clients in
Number 4 App is Slack
Another favourite app that we use
everyday. I have nothing against email however, if you have 100s of clients and
send numerous emails, good luck finding a specific information in those emails.
Through slack, channels are created, this could be clients name and
communication about that clients are conducted in that channel. You can easily see what actions needs to be
taken, what has been accomplished and so on. It is so great in case an employee
has left, the new employee in charge of the file can see the whole documented
history.
Numetricacity.ca