Bookkeeping is a time-consuming, thankless task and can be one of the most frustrating aspects of running a small business. Unlike large corporations, most small businesses don't have an accounting department to help with financial planning. This is why using a bookkeeping app is an excellent investment for small businesses.
Bookkeeping apps can make the process much more efficient as it organises and presents your financial information in an accessible, easy to read way. It also makes it easier to plan for your business’ future while understanding the impact various financial decisions will have on your business. Here are five benefits of using a self-employed bookkeeping app.
- A Better Work/Life Balance
- Organise Your Work Around Your Life
- Save Money
- More Spare Time
- Less Stress
1. A Better Work/Life Balance
No matter the industry you’re working in, switching off and relaxing when you return home from work is a difficult task for many people - even more so when you’re in charge of running your own business. Sometimes it can feel like you can never switch off.
We created the EasyBooks app to make your bookkeeping easier, you’ll notice you have a better work/life balance when using it. This is because it has a variety of features that will streamline the process, including:
- Real-time payment tracking
- Statements that show all sales, credits and payments
- Backup, restore and set a four-digit passcode to protect your data.
- VAT schemes
- Regular backups so you don’t lose data, and it’s easy to undo changes
With simple yet powerful features you'll use, you won't need to spend a lot of time learning to use a complex platform that takes up even more of your time or sort through endless paperwork.
2. Organise Your Work Around Your Life
Instead of having piles of transaction records you have to sort through, the right invoicing app keeps everything in one place, making it easy to reference. With a platform like EasyBooks, the information you need is right at your fingertips. It’s instantly available and can be accessed whenever, wherever you are, as long as there’s an internet connection.
Right now, you probably have a lack of free time, and your work-life dictates how much time you have to spend at home. With an invoicing app, you can organise your work around your life, not the other way around.
3. Save Money
Ultimately, the more time you spend bookkeeping, the more money you lose to it. After all, time is money. Plus, hiring bookkeepers and accountants isn’t always the cheapest option when managing a budget, especially when you're trying to grow your business and become even more successful.
With an app such as EasyBooks, you’ll reduce the time spent recording financial transactions. The information is accessible and easy to understand, and the app does the hard work, so you don’t have to. Plus, with its online syncing features, digital bookkeeping is easier than ever before - and kinder to the wallet.
4. More Spare Time
The traditional bookkeeping method means you have to spend hours at home and sit down at the table to get your records in order. With a mobile bookkeeping app, you’ll save hours, and you can even do your bookkeeping on-the-go. Whether you’re sat in a cafe waiting for a friend or on the train travelling for a weekend away, all you need to do is log-in, and you’ll have access to all your records.
One of the biggest challenges as a self-employed small business owner is making sure you retain all paper-based records. This can be difficult as you can easily misplace papers and lose out on crucial documents. Besides growing your business and trying to claw back valuable time, you don't need the additional frustration of wasting even more time searching for older paper-based records.
With a digital bookkeeping app, you can avoid this situation entirely.
5. Less Stress
Many small business owners stress over bookkeeping, often asking themselves if they’ve done everything correctly. Mobile bookkeeping apps put an end to this. An app like EasyBooks will automate repeat transactions and streamline the process, which is especially helpful if you’re running multiple businesses. Plus, it’ll even warn you of any potential errors, so you can rest assured knowing mistakes won’t go unnoticed and have more free time for yourself.
Growing your business, understanding niche business issues, staying aware of regulation changes, balancing your home and family life while also maintaining your records - it can all get a bit too much. With a bookkeeping app, you can spend less time agonising over whether you’ve done your bookkeeping correctly and more time meeting customers, running your business and maintaining a healthy work-life balance.
At EasyBooks, we’ve created a user-friendly app to help you navigate through your bookkeeping in an easier, more efficient way. Read on to find out more.
Try the EasyBooks App for Yourself
Whether you’re always short for time or simply the thought of doing your bookkeeping gives you a headache, the EasyBooks app will streamline the process and open up your time to work on other areas of your business. We built it with your needs in mind - from custom invoice templates to errors checks - enabling you to pour more energy into other tasks.
Try it for free today - click the button below to start your free trial and start enjoying the benefits.