The end of the month finances are probably not the reason you got into business. Accounting may be the burden that is preventing you from focusing on the core competencies or holding you back from your entrepreneurial dreams of having freedom and flexibility. You will be pleased to know that accounting does not have to be difficult – or even that time consuming.
By law, all companies need to keep financial records. As well as being compliant, companies keep on top of their finances to understand the business performance and know how much tax to pay when they make a profit.
Do I need an accountant?
Unlike keeping a record of your finances, it is not a legal requirement to have an accountant. But just like you would seek professional help from a doctor or a lawyer, an accountant is invaluable for providing advice in their field. A good accountant will not just be able to ‘do your books’ but can advise you on tax payments to minimalise tax deductions.
Check out our blog on why small businesses should be using an accountant.
Why Use Accounting Software?
CashManager accounting software is designed for people who are not accounting or computing experts. It is great for small to medium businesses – or even the householder who wants to take care of their finances. Accounting software helps businesses save time and money by:
- Keeping track of business performance at a glance with reports and budgets
- Helping keep on top of cash flow
- Reducing errors with bank reconciliation and transparency
- Storing your financial information so you do not have to store loose bits of paper
- Keeping your accountant happy - and needing less of their time
- ………and much more!
Check out our great products and their features
Do I need Accounting Software for my business?
In short, yes! Accounting software, like an accountant, is not a legal requirement to run a business but it makes the process a whole lot easier.
You have the flexibility of choosing CashManager for your desktop or CashManager Online. Once you have your chosen product up and running, you will have more freedom and flexibility to enjoy why you got into business in the first place.