There is no denying that the use of technology and home working is the key to survival for many small businesses over the next few months. In the year 2020, there are very few reasons why any business large or small should be running their accounting software on a desktop or server-based software, companies that hadn’t make the leap to the cloud will find it difficult to allow their accounting staff to work remotely.
Cloud-based accounting systems like Xero and QuickBooks can all be linked in the cloud eliminating the need for data transfer, most have electronic bank feeds which also eliminates the need to reconcile paper-based banking statements. These applications can all connect seamlessly to other specialised applications like Bill.com and Expensify, these allow a company to pay vendors and employees electronically and to load invoices and expense receipts from PDFs and photographs.
You can run your business from your smartphone!
All these applications allow you to streamline processes, eliminating work through automation allows you and your staff to be more efficient and concentrate on income-producing activities!
Has the coronavirus outbreak forced you to streamline processes?