As if running a small business didn’t come with enough challenges, many small businesses will soon be contending with a hike in the minimum wage. In order to remain profitable as salaries rise, companies need to find ways of cutting costs by streamlining processes and maximizing tax deductions. A leader in small business accounting, accurants joins multiple essential business components into one platform to maximize productivity. Here are 25 ways businesses can use accurants to succeed:
1. Cut Invoicing Time – Small businesses that spend too much time on administrative tasks may struggle to stay profitable. By setting up recurring invoices, companies can save both time and money on a monthly basis.
2. Track Employee Time – Stop losing money to faulty time reporting. With accurants, you can track all your employee and contractor times accurately against their assigned projects.
3. Expedite Approval Process – Save time by speeding up the approval process for employee and contractor hours. Managers simply have to log in to approve or reject submitted timesheets.
4. Bill More Accurately – Inaccurate billing is a surefire way to alienate clients. With accurants, companies can correctly bill customers without losing sight of their deliverables.
5. Archive Old Invoices – Keep track of aging invoices with accurants’ easy-to-use archiving tool and access them again come tax season or for auditing purposes.
6. Get Paid Faster – Late payments can put a serious burden on the small business owner. By automating your time tracking and billing processes, you can get invoices out the door faster and easily chart accounts that are past due.
7. Track Project Scheduling – With accurants, you can better define and manage the scope of a project. Share your project schedule with employees and contractors and keep up on their progress so you never miss another deadline.
8. Track Expenses – accurants’ simple yet comprehensive expense tracking system makes it easy for businesses to visualize and track their costs. Use the inbuilt budgeting tool to reduce expenses and ultimately maximize profits for your business.
9. Log Your Miles – A commonly overlooked deduction, mileage costs can add up quickly. Use accurants to generate a mileage log report to add to your tax file.
10. Improve Your Budgeting – Adhering to a strict budget is crucial for the small business owner. With accurants, you can track spending to determine where you money is going and ultimately improve ROI.
11. Reconcile Bank Transactions – Manage income and expenses accurately by downloading your bank and credit card transactions into accurants. You can then assign these incomes and expenses to their respective accounts, saving you valuable time come tax season.
12. Join Business Components – Utilizing multiple software programs that don’t interact with one another is both expensive and time consuming. accurants lets you unite all your business accounting components in one, easy-to-use platform.
13. Improve Security – Protect your data from cybercrime and corruption with accurants’ secure cloud-based platform.
14. Access from Anywhere – Take back control of your leisure time. The freedom of the cloud lets you run your business from your smart phone or tablet anywhere you have wireless access.
15. Create Estimates – Not only does accurants let you create more professional-looking estimates, quotes, and proposals, but it also allows you to convert them to invoices with a single click.
16. Send Purchase Orders – Tired of messy billing practices? With accurants, you can create customizable purchase orders and send them to your suppliers.
17. Improve Customer Relations – Customer relationship management, or CRM, lets businesses keep track of interactions with current and future customers. Tracking the effectiveness of your sales process, as well as your customer satisfaction ratio, is critical to your business\’ long-term success.
18. Enjoy Easy Administration – With accurants, owners can manage all the elements of their business from a single location. You can communicate with employees, manage workflows, and bill your clients with ease.
19. Sales Tax – Effortlessly calculate the sales tax that you owe; this is something no business can afford to neglect!
20. Reports – We offer attractive, predesigned reports to empower users to make informed decision based on data and analytics.
21. Dashboard – Our dashboards-per module and consolidated-provide critical insight to your business and facilitate improved decision-making.
22. Managing Multiple Companies – With accurants, you can manage all your companies through a single login. Even better, your single paid subscription enables you to manage multiple profit and nonprofit organizations.
23. Expense Reports – Create and send expense reports for travel-related expenses with the click of a button. Plus, you can assign travel expenses and incidentals for both internal and external (client) projects.
24. Resource Assignment – Assigning employees and resources to project tasks may sound routine, but when multiple projects are running concurrently, there is always great demand for key resources. accurants allows you to view resource assignment and ensure that your resources are not overbooked or underbooked at any given time.
25. Project Issues – Track all the issues that pop up while implementing projects in one central location. Issue resolution is crucial to delivering projects on schedule and on budget.
Ready to experience the power of accurants firsthand? Call today or sign up online to start your 30-day FREE trial.