34 - Bookkeeping Software and You

This week's topic on the Scale Your Small Business Podcast is a hot one. Every successful business utilizes technology, but how can you ensure your company is making the most of the software you have? This week, we're breaking down what programs you should have to streamline, organize, and scale your small business. First things first: if you're going to look into purchasing or implementing new software or technology, make sure you check with your team--especially your back-end team and accountants--to ensure that they can coordinate with it. It's not worth investing time, money, and energy if your team can't actually use the software you're looking into. QuickBooks is an extraordinary online tool that can help you keep your bank statements, accounts, purchase orders, and more organized. This program can identify frequent areas of purchase, allows you to quickly swipe through purchases, placing them in the correct folders, and manage transactions. While software is an additional initial expense for your business, when combined with a skilled bookkeeper, it becomes a worthwhile investment that will save you stress, money, and time. No matter what software you choose to go with, set a deadline and sit down with your accountant to make a choice. Start getting into a habit of downloading bank statements early and often, and give your business the headstart it deserves. Key Takeaways: Make sure you check with your team--especially your back-end team and accountants--to ensure that they can coordinate with it. It's not worth investing time, money, and energy if your team can't actually use the software you're looking into. QuickBooks is an extraordinary online tool that can help you keep your bank statements, accounts, purchase orders, and more organized. This program can identify frequent areas of purchase, allows you to quickly swipe through purchases, placing them in the correct folders, and manage transactions. While software is an additional initial expense for your business, when combined with a skilled bookkeeper, it becomes a worthwhile investment that will save you stress, money, and time. No matter what software you choose to go with, set a deadline and sit down with your accountant to make a choice. Start getting into a habit of downloading bank statements early and often, and give your business the headstart it deserves.