Technology around us is forever progressing and immersing itself in all forms of business. Technology within accountancy is still relatively new, however the power of cloud accounting has already completely transformed the industry. With apps like Xero, businesses of all kinds are able to keep track of their figures in a streamlined and fluid system.
In today’s fast-paced world, businesses need to keep up with the changing landscape to remain competitive. One of the ways businesses can stay ahead is through efficient bookkeeping. Traditionally, bookkeeping has always been known to be a tedious and time-consuming task. However, with the advent of technology, on the go bookkeeping has become a real game-changer.
We’ll go through what bookkeeping tasks can be done on your mobile, and why businesses should be adopting this method to increase productivity and value…
Convenience
On the go bookkeeping allows businesses to access their financial data anytime, anywhere. With a mobile device, business owners and staff can input data and manage transactions remotely, from all over the world. This is especially beneficial for businesses with a mobile workforce, as records can be updated in real-time, saving precious time. By downloading a mobile app of the software, it provides access to a whole host of automated opportunities. This includes the capacity to view financial reports, take pictures of receipts, raise sales & invoices, and categorise receipts. To reconcile the information with the bank, this is to be done via a web browser.
Accuracy
Mobile bookkeeping can help ensure the accuracy of data entry. This is because it eliminates the need for manual data entry, which is prone to errors. With mobile cloud accounting, data is automatically synced to the cloud. There is no risk of losing data due to manual errors. Additionally, mobile apps often have built-in features that help automate the bookkeeping process. For example, you can scan receipts via the phone’s camera, and automatically categorise the expenses. This ensures full compliancy in terms of tax, whilst also enabling the accountant to have easy access to all information required.
Cost-effective
Mobile bookkeeping is often more cost-effective than traditional methods. Mobile bookkeeping apps are typically less expensive than desktop software, and in a lot of cases, they are even free. Additionally, mobile bookkeeping eliminates the need for paper-based documentation, which can be expensive, time-consuming and unsustainable to the environment.
Time-saving
On the go bookkeeping can save businesses time by allowing them to access their financial data on the go. With a mobile device, businesses can view their financial reports in real-time and make informed decisions quickly. Additionally, it allows businesses to automate certain tasks, such as tracking expenses and invoicing. This can save time and effort which can then be reinvested into more crucial aspects of the business.
Improved productivity
Mobile bookkeeping can improve the productivity of businesses, as it allows them to focus on their core business activities rather than spending time on bookkeeping. By automating certain tasks, mobile bookkeeping can free up time for business owners and their staff. This time can then be redirected to focus on more important tasks, such as sales and customer service.
How Can Nordens Help With Your Mobile Bookkeeping?
At Nordens, we pride ourselves on offering a comprehensive, quality service of digital bookkeeping training. Here our experts will help set you up, as well as guide you through how to use your software correctly through your mobile device and show you how to reconcile the information with the bank via a web browser. We’ll make sure all your systems are linked up too, ensuring all data and information can be inputted and accessed by yourself at the touch of a button.
Our cloud bookkeeping training service is headed up by Cloud Bookkeeper, Balraj Bajwa. Balraj believes, “Many business owners find the bookkeeping of their business quite daunting and often push it to the side. We have countless examples of business owners who have this mindset initially, but once fully trained are motivated and have all the tools needed to keep things accurate and up to date. This efficiency follows through to other aspects of the business allowing our clients to really focus on the primary goals for their business. At Nordens we offer comprehensive training that covers all aspects of the bookkeeping process including the processing of paperwork, reconciling of the bank and running of reports. The training is completely tailored to each business and their needs no matter the industry, size or the business owner’s previous bookkeeping experience.”
In conclusion, bookkeeping through a mobile device can be beneficial to businesses in numerous ways. It can save time, increase productivity, improve accuracy, and reduce costs. With the right bookkeeping software and training, businesses can streamline their bookkeeping process and focus entirely on growing their business and achieving success.
We hope this has outlined to you how cloud bookkeeping, especially via a mobile device can really benefit your business. If you’d like to know any further information on anything mentioned, or anything accounting related for that matter, please do not hesitate to get in contact with us at Nordens, where one of our trusted advisors would be happy talking you through your query.
