Best Bookkeeping Software for Small Business

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Best Bookkeeping Software for Small Business
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• In business it is critical to keep track and
  manage your cash flow. In fact, it is one of the
  main reasons so many businesses have to close
  their doors. Poor cash flow management impacts a
  companys ability to grow or even just stay
  afloat.
• In Australia, we also have a number of compliance
  requirements with the Australian Tax Office (ATO)
  for the business activity statement (BAS) PAYG
  tax and for your employees superannuation. That
  is why having the right accounting systems and a
  bookkeeper in place will help you reduce the
  stress on compliance and keep you on track for
  positive cash flow.

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• We continue to speak with businesses every day
  that use Excel Spreadsheets to track invoices,
  quotes and their financial position. This is time
  consuming and could be costing your business.
• Yet so many business owners continue to be use
  out dated systems to manage their cash flow. In
  todays fast past technology boom, there have many
  tools that can make running a business easier and
  less stressful.

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• Cloud Accounting Solutions
• The new cloud accounting software options such
  as Xero and QuickBooks Online help you understand
  your numbers better and can generate reports
  fast. These systems automatically link with your
  bank account meaning reconciliation time of your
  accounts is quicker. Image the time you will save.

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• Business Owners still feel there is a need to
  collect every receipt. They or their bookkeeper
  then spends hours every month going through and
  entering the information into a system. According
  to the ATO guidelines, all receipts can be
  captured as a soft copy, which means you can
  have an email copy or an electronic version.

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• So tracking receipts for restaurants, petrol,
  hotels, taxis and more is made easier with online
  applications such as Receipt Bank. This is a
  system developed to help you scan your receipt
  using your mobile phone and then automatically
  transferring the data into the cloud accounting
  system. The automated process of Receipt Bank
  will help you streamline the process and save you
  money, as a bookkeeper or yourself will not need
  to enter every receipt or keep a pile of receipts
  stored in cabinets.

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• All the latest software is based in a secure
  cloud system. These new accounting systems mean
  you can access information from anywhere
  including your mobile phone or tablet. As
  information is at your finger tips, you are able
  to use financial numbers to help make better
  decisions for your business and manage your
  cashflow.

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• Unfortunately most business owners are not across
  these tools and are using old systems and methods
  to track financial performance of their business.
• Knowing which systems and how to implement them
  in your business is as easy as picking up the
  phone and speak with the team at iKeep. Choosing
  the right accounting software can help you save
  time and money. We can help you identify the best
  way to make financial management of your business
  easy for you.