Monthly Archives: April 2016

Expense Tracking helps make better business decisions:

Expense tracking with CloudBooks helps you control overheads by tracking where your business is spending money and how that money being spent. CloudBooks tracks your business expenses in real-time so you can accurately monitor and recoup expenses, while ensuring they are attributed and passed on to the correct clients.

Adding expenses when they occur allows you to keep your records updated as the work progresses without having to record and monitor each one by hand. The time saved permits you to keep working and address other business aspects while quickly streamlining operations.

Creating recurring business expenses is easily automated, leaving you free to focus on new expenses and to see exactly where your capital is being spent. With this information, you can analyze and manage your expenses better than ever before.

The CloudBooks app gives you the ability to categorize and organize your expenses in the manner which best suits your particular needs. Employing a spreadsheet style display, CloudBooks presents you with the expense information you need in a clear and uncluttered format. Quickly add or delete expenses, locate costs, clients and create invoices from your dashboard. You can even upload receipts straight into the app by simply taking a picture and attaching it to the corresponding record.

CoudBooks online software is designed with the user in mind, making it easy for anyone to effectively manage their expenses and more, including:

Payments
Invoices
Billing
Estimates
Accounting
Time Tracking
Project Management

The intuitive, all in one design of CloudBooks is ideal for large and small businesses, as well as for professional accounting operations and freelancers. Access is never a problem with the easy web-based application, allowing you and your staff to view and update records from any location through the internet.

CloudBooks was designed in response to the need for an inclusive, user-friendly and affordable accounting solution. Without the need for the extensive and lengthy training required by other programs, you and your staff can quickly implement the software and enjoy the benefits right away.

With CloudBooks, there are no long installation processes and the software eliminates the frequent compatibility issues that plague other programs. Your records can be viewed and updated from smartphones, tablets and laptops, as well as from home or businesses computers, giving you the power to handle your expenses from anywhere at anytime.

CloudBooks maintains a full knowledge base, accessible anytime online, to help you learn the software and make the most of its abilities. Step by step instructions and clearly answered questions allow you and your staff to find answers to common questions, as well as locating solutions and the instructions to implement them effectively.

From the basics to the most advanced features, the knowledge base ensures you have precise instructions on all aspects of the program. Topics include, but are not limited to:

Clients and Client Information
Payments
Credits
Taxes
Your Dashboard
Reports
And More

Managing your business expenses is more than just tracking payments and costs, it is the key to making better business decisions. Empower your business with CloudBooks and you can start making better decisions today, with no risk at all. Test drive the app and try it for free, no credit card or financial information needed, to explore all of the features that CloudBooks has to offer.

Visit us online to see what our clients have to say about CloudBooks, view a sampling of our client list and check out the pricing and plans available. Join the thousands of people around the globe who use the best online expense software to do business and make the most of their time and money.

Have additional questions about products or services? Contact us in person or by phone, Monday through Friday, or anytime online.

How to Financially manage startup company:

Many startup companies fail because of financial reasons, managing this is tricky as you have a lot to lose if something goes wrong, so the pressure is always on.

Finance can be stressful to manage as a business owner because you have to also oversee every other process that is going on in the business such as marketing, sales, customer service, etc. It may even be harder depending if you have investors or initial funding, these are hard enough to come by. On top of managing the finance, a continuous goal is to try and start generating money at a consistent flow so you do not run out of money. In this article I will go over some tips on how to stay on top of everything financially related.

Staying within your means
Always play within your means, spending too much or borrowing too much money can quickly backfire. All entrepreneurs like to think big, however, if you are new to startups with no previous elite track record, then funding and investments may be hard to come by, so there is no point in spending loads of money in an attempt to turn big profits overnight, it is best to always plan for the near future to ensure you always have a future.
Being real in your business means always having a backup plan incase things do not go as well as planned, or take longer than usual. For example, a new product you have created is selling 50% slower than what what is expected and you are not making enough money from your only source of revenue? A simple way this could’ve been prevented is to have a more realistic estimate and also a back up plan.

Hire financial assistants
Being the manager of your start up company could mean you are short on staff and you have a million different tasks to manage. If you are not trained in accountancy, perhaps looking into financial accounting and reporting training courses would be beneficial. If you wish to delegate the job to a professional, then hiring an accountant will save you a lot of time, stress and money when it comes to managing the numbers. It will give you a peace of mind knowing that you don’t have to spend ages number-crunching and it is also one less task you have to complete by yourself.

Log all financial costs & profit
Although this is primarily a job for the accountant, this point is quite important when it comes to start up companies, there will be phases where there are lot of transactions going within and out of the business with new investors, customers and other stakeholders taking interest in the business. Maintaining organised records can help you a lot as it will show you exactly what is being spent or earned.

This type of data can be used in the future incase you suspect anything goes missing and so you can see how much profit is actually being made on a month to month basis so that you are able to make projections for the future. One last point is to stay away from verbal agreements, in this day and age, every transaction or deal must be traceable or else it could lead to problems in the future.

Ensuring there is a money flow – and be tight with your money
Any business owner will tell you how important it is to actually have money in the bank. Whether you have investors that are demanding money, need money to pay yourself and your staff, enough leftover to put into the business, ensuring that you have cash in the bank is very important. Here are some quick tips to help with the cash flow:

Invoicing customers quickly means you will get the money quicker
Make payments quick and easy for customers
Make all payment terms clear and tracked
Use up to date technology to manage cash flow.