Accounting Solutions in 2018

Posted on April 15, 2018

If you still need more proof, here are 8 great reasons to use Cashflow Manager to take care of the bookkeeping for your small business.

1. It saves your time and money

Quite simply, choosing software for your small business that is easy to use will save you time as you won’t be messing around trying to work out how to use it and getting in a mess because you don’t really understand the double entry accounting concepts other programs require. And why waste money paying someone else to do your bookkeeping if you don’t have to? To keep good records you shouldn’t be expected to have a degree in accounting or to have to spend hours away at costly training courses. Cashflow Manager is easy enough to get you up and running straight away, and comes with 12 months free support if you need any help along the way. Furthermore, you will find a fantastic support library on the Cashflow Manager website with notes, common questions and instructional videos.

2. Control your Cash flow

Your business has to pay the bills! So you have to have money coming into the business as well. A simple small business accounting software like Cashflow Manager can help you create invoices and keep track of the customers who owe you money. It’s no good making a sale if you don’t get paid for it. On the flip side, keeping track of payments is important and Cashflow Manager GOLD looks after this for you as well!

3. Helps you prepare your taxes

If the idea of compiling all the documents and receipts needed for your accountant to complete your taxes makes you want to tear out your hair, then Cashflow Manager is perfect for you. With Cashflow Manager, you simply record the money you spend and the money you receive in the relevant columns – it’s that easy! If you keep on top of your accounts, you can then export all of this information straight to your accountant with a click of the mouse! And by using a program you understand, the high quality of your records makes your accountant’s job easier too.

4. Does the adding up for you

I don’t know about you, but I think one of the best things about using accounting software is that it calculates everything for you. No longer do you need calculators or outstanding mathematical skills. This means that it is far less likely to end up with errors in your business finances. With Cashflow Manager, you simply record your receipts and payments in columns for the transaction, and then the program adds up each column. If you are registered for GST, Cashflow Manager calculates the GST for you and can even create your Business Activity Statement – and lodge it using the program. The other important thing is that your records balance to your bank accounts. Cashflow Manger makes that really easy too with a simple ‘wizard’ to help you.

5. Wages are made simple

Cashflow Manager is an accounting software. It has a section to manage your employees’ wages which makes paying them and meeting all of the employer superannuation requirements a piece of cake. Doing the end of year reports for your employees and the Tax Office takes just a few seconds as well!

6. It is also Invoice Software that meets the Tax Office Rules

If you are registered for (Wajib Pajak) you must comply with certain formatting rules when invoicing customers, and Cashflow Manager can help you to format your invoices automatically. The ‘Invoice Manager’ section of the program allows you to prepare statements, track the money owed to you by customers, as well as money you owe to suppliers. You can also prepare your BAS and check what is selling in a flash.

7. Connects with your Online banking

If your small business banking account is set up for online banking (which it should be!), Cashflow Manager can import your bank statement to make doing your bank reconciliation an absolute breeze!

8. It is Customisable

Not every small business is the same so why should they all use the same bookkeeping templates and layouts? There are several different business templates that can automatically establish the columns you might need for your particular type of business. You can edit your columns and customize your layout easily to suit your needs.