Handling the finances of a company can be a complicated and laborious job, but there are tools that can make it easier.
Managing the finances of a business can be a challenge. Whether you're running your own company or working as part of a larger accountancy team, keeping track of all the income, outgoings and expenses can be laborious and complicated.
However, there are a number of tools you can use to make your life a little easier. Here are just six apps that will help you in your day-to-day role:
This is the ideal app for those having to manage multiple accounts. It breaks down your outgoings into different categories and allows you to send invoices or send a direct payment to the bank.
Zoho Books' simple graphics make it clear to see where the business is spending the most money, helping you to identify areas where potential cost savings could be made.
Every accountant knows that even the best spreadsheet can be temperamental, so it's important to have a tool that can quickly work out calculations for you. PowerOne Finance Pro Calculator can be used on IOS and Android and comes with an algebraic and RPN device that puts your figures into clear graphical layouts for clarity. You can also easily share this information with other partners that need to see a quick snapshot of the company's financial status.
Perfect if you have multiple payment deadlines each month, FreeAgent Accounting allows you to see upcoming issues and resolve them. The app is particularly useful if you need to collaborate with Directors or other finance specialists, as you can share the same overview, ensuring no tasks get forgotten or that the same job is done twice.
If you have multiple payment channels, Xero is the app for you. Its interface clearly displays your payments and gives you notifications on bank transfers. This can save you a lot of time and make you more productive by making simple but necessary tasks, such as filing receipts, much quicker.
One of the biggest issues for people in finance is staying ahead of all the changes in regulation and best practice, which can dramatically alter what you need to do. The Accounting Today app for IOS and Android - a digital version of the magazine - allows you to stay in touch with the sector and prepare yourself for any upcoming developments.
Getting documents signed off by the right person - whether clients or directors - can be frustrating. eOriginal gives you a secure document link, which can then be sent to whoever needs to see it. They can then quickly sign it via their browser and send it back. You can also keep an eye on the status of reports and organize documents.
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