Starting up your small company means there are lot of “firsts”.
The first sale, the first customer, the first employee, the first mistake and the first innovative tool.
In the early stages of starting out, managing your account through journals and spreadsheets may be enough.
But then, as your business grows, you may find yourself too caught up with time in managing your finances and your accounts.
While spreadsheets can be alright, they will never be sufficient and your current practices might not be enough.
Hanging on to the traditional method of accounting can do more harm than good.
Find out how to determine if it is the right time to make a switch to accounting software for small businesses in the Philippines.
Know the signs.
Maybe it is high time to make a switch to accounting software for small businesses in the Philippines.
1. You are Growing
Handy and helpful are words that can describe the use of spreadsheets.
When you are starting out, these are your best tools when you are going through the initial stages of planning out your business.
However, when things progress, even keeping track of invoices may be tedious and time-consuming plus the multiple spreadsheets you are faced with every single day.
You may need one person, and then another one to help manage accounts.
You can hire an accountant or a bookkeeper but then, it is still taking a toll because your business is growing.
Well, it is time to make a switch to online accounting for small business in the Philippines.
Because you are growing, you are handling more volume of business data.
You cannot just rely on spreadsheets to keep and monitor these data, it will make things more challenging by the day.
When you are in a hurry, there is no easy access.
You have to go through those spreadsheets and formulas in order to generate insights from those data.
With accounting software for small businesses, there are tools and analytics that can quickly and accurately generate those numbers for you from profit, expenses, cash flow, and more.
So, do not think twice. Make a switch.
3. You are being redundant and repetitive
As a small business owner, you practically do everything, juggling between multiple tasks from administrative tasks, such as inventory tracking, processing transactions, and invoicing customers.
These are often repetitive and can be really boring and bogs you down.
With accounting software for small businesses in the Philippines, you’ll be able to automate most of these tasks.
This leaves you with additional time that you can spend on growing your business – rather than flicking through documents and spreadsheets.
4. You are in a dilemma because of too many errors
It is a given fact that spreadsheets contain errors because of manual work.
When you add all those errors, you’ll end up really frustrated with what you have achieved, erroneous figures.
How can you proceed in growing your business with all these?
While it is inevitable that seemingly minute mistakes occur from time to time, these can create adverse impacts on your business – such as inaccurate statements or lost tax credits.
When there are too many errors, it is time to make a switch.
5. You do not know anything about accounting and bookkeeping
Many small business owners are educated and highly skilled or experienced in their own chosen field, they are professionals.
Yet doing accounting stuff is different.
Tackling accounting and bookkeeping often are tasks that may be difficult to do for most people.
Another scenario is when the business is growing and does not have a proper accounting system in place.
To better navigate their way around, small business owners can tap into the features and tools that accounting software for small businesses offers.
If you have already experienced all these then what are you waiting for?
You may decide that this is the best time to make a switch to accounting software for small businesses.
The next best thing? Search for the key features that you require like scalability, flexibility, accuracy, safety, and most of all support and budget.
If you already have an idea of what you are requiring for your business, then EasyFS is the best accounting software online in the Philippines.
It is time to make a switch to online accounting in the Philippines.
Let EasyFS guard your cash flow! EasyFS is Software-as-a-Service (SaaS) cloud accounting system that prevents cash flow shortages by accurately tracking purchases and business expenses.
And to keep cash flowing, you can invoice your customers anytime, anywhere.
Monitor your invoices, send follow-up reminders, and collect payments online.
And cash consistently flows because your hot-selling items are never out of stock with EasyFS providing you with real-time inventory reports anytime, anywhere.
For a free demo: https://human-incubator.com/easy-fis/
