Traditionally, bookkeeping for a business was a process that involved making notes and keeping records in paper ledgers and journals. The process has come a long way from those days thanks to the advances in computers and accounting software.
As a business owner, you’ll know that it’s important that you’re able to get a truly accurate picture of your company’s financial health. This is why you should get a software package that holds all of your monetary records securely and is able to show you reports of how your expenses and profits are balancing. This will also cut out the very likely occurrence of human error.
Contact us today on +254 706 674000 / +254 732 674000 and find out more about what our software packages can do for your company’s finances.
Gone are the days of scribbling notes in a hand-written ledger to reconcile your bank accounts and your customer and supplier information. Now, even if you run a very small business, there is a computer-based accounting programme to help you keep track of what you’re spending and earning.
Having all of your financial information stored electronically will enable you to produce highly accurate data. This also provides you with many other advantages, such as:
- Seeing the bigger picture – It’s important to get in-depth annual financial statements for each year of your operation. This will help you to understand how your company is changing and what you need to do in order to keep your business alive.
- Pulling a real-time report at any given moment – It’s equally vital to be able to assess exactly how your company is faring at any point in time. With real-time information, you’ll be able to make financial predictions for the month ahead and see if you’re on target right now to meet your future goals.
- Tracking where your income is spent – Without this knowledge, it’s highly likely that your company is doomed to fail. It isn’t enough to say that you made a certain amount in the last quarter, if you can’t tell where or when the money was spent. This will also prevent you from overstretching your resources.
Accounting software from QuickBooks can help you keep track of your finances to ensure that your records are accurate, all without requiring excessive man hours from a qualified accountant.
Contact us today on +254 706 674000 / +254 732 674000 to discover which accounting package will best suit your needs.