It’s becoming increasingly more important for small businesses to taking advantage of digital trends to grow their business—and this includes using accounting software to properly scale. More and more small businesses are adopting simple bookkeeping solutions to manage their day-to-day financial operations. This should come as no surprise since cloud system infrastructure services are forecasted to grow $10.2 billion by 2020 compared to 2019, according to a recent Gartner study.
So, if you’re not investing in cloud services right now, like basic bookkeeping solutions, you’ll be biting the dust while others get ahead.
Here’s how simple bookkeeping solutions (and its features) can assist your small businesses today, despite being on a budget.
1. Web-based accounts to access from anywhere
Small business owners, freelancers, and even independent entrepreneurs run their own gig for a reason: to do their own thing—their own way. Kashoo’s simple bookkeeping software is available both on the web and through our award-winning app for iPad and iPhone. Easily access your accounting records, transactions, and details from your laptop browser or your mobile phone, while you’re on vacation or working from home.
2. Simple, double-entry accounting with easily navigable UX / UI
Most business owners starting out have no clue of how accounting really works. Some might not even fully understand what double-entry accounting is, or how it works when they spend and sell. Kashoo’s software is built for ease of use: we make sending invoices, collecting online credit card payments, tracking expenses and sales taxes, importing bank transactions, and generating reports come tax time easier for you—so that you can focus on running your business.
3. Reduce manual labor and data entry
Perhaps one of the biggest advantages of using bookkeeping software is that we do the mission-critical, manual work for you. Kashoo’s software reduces the work of having to create your own invoices from scratch. Instead of having to make a copy of last month’s invoice, inputting the new invoice #, tasks, and dates, and calculating the total, let basic bookkeeping solutions like Kashoo take over the work for you.
Kashoo also integrates and analyzes all your financial data to create standard financial reports. Come tax time or whenever you’re in need of your latest financial data, you can directly export your income statement, balance sheet, general ledger, and other financial reports right from Kashoo’s workspace.
4. Easy integration with third-party business programs/services
Does your small business use financial software to stay competitive? Hint: think Square (for their payment engine), Stripe or Bluepay (for their credit card processing), Freshbooks (for invoicing), or PaymentEvolution or SurePayroll (for payroll services). Luckily for you, Kashoo offers easy integrations with these services.
Try Kashoo for free today using our 14-day trial to find out how we can help with bookkeeping, while you focus on scaling your business.