Distracted employees cost businesses millions and there are statistics to prove it. The sad reality is that nearly 3 out of 4 workers (70 percent) admit they feel distracted when they’re on the job, with 16 percent asserting that they’re almost always distracted, according to Udemy’s survey. The silver lining, however, is that digital, cloud-based solutions are available to help businesses streamline operations and optimize productivity. With the plethora of technological solutions available today, one of the greatest work productivity enhancers is actually cloud-based accounting software! Looking for ways to increase you and your employees’ attention to get stuff done? Here are several ways cloud accounting can help boost and optimize work productivity to help your small business save time on what really matters. Effortless Invoice & Expense Tracking Cloud-based accounting offers an all-in-one solution to invoicing and expense tracking that’s much more efficient than excel spreadsheets and traditional accounting software. Rather than being a time-intensive task, cloud accounting software like Kashoo relieves the burden of having to complete tedious, laborious tasks. For example, Kashoo will automatically pull in 365 days worth of transactions from your connected bank needs which means no more manual entries! You can also drag and drop images of your receipts or even PDFs or screenshots and Kashoo will use OCR to match your receipts to your transactions. Having receipts and invoices digitized will not only save you time but also from a lot of headaches come tax time or if you ever get audited! Virtual Bookkeeper at Your Disposal Whether or not you have a bookkeeper for your books, updating books takes immense time and energy resources. Subscribing to cloud-based accounting not only gives you 24/7 access to your financial data and reports, but you also have the support when you need it. For example, Kashoo’s smart invoices will match your customer invoices to the transactions being pulled in from your bank feed! This means all the time you would’ve spent organizing your files and manually entering the details and recording payments, you now can use to run your business. Kashoo also updates your reports in the background so you can pull all your key financial reports in one click when you need it! Real-Time Reporting to Enable Smart Business Decisions Managing financial KPIs is integral to any successful business operation. Cloud-based accounting optimizes work productivity by letting you view these KPIs in real-time. Key financial data like your income statement, balance sheet, and general ledger are up-to-date within Kashoo, ready when you need it. If your accountants or stakeholders are looking for this data, you can easily access it in one central location. In addition, one of the many benefits of Kashoo is the ability to add multiple users to your business. You can easily share your account data with your accountant by adding their email and be in control of the level of access they receive. Choosing the right software for your small business matters. Try TrulySmall Accounting’s free unlimited 14-day trial today to discover the ways our cloud-based accounting solutions can help optimize your work productivity every day.
