Best small business apps to automate your accounting


Columnist Shishir Khadka, founder and CEO of Boost Accounting, is an author, international speaker, and financial transformational coach. Shishir helps entrepreneurs build financial confidence and successful financial stories, transforming client businesses from £150k to £38.5m.
Read all of Shishir’s articles here.

If you are an entrepreneur looking to do things in a much more flexible and open way this year, then there are many things that you might want to focus on to make sure of that. In particular, you might be keen to try and do away with wasted time and effort, and to make your business more of a productive machine, no matter how big or small the business operation itself might be. The truth is that there are lots of ways to do this, and one of the best is to use a data extraction app. These apps allow you to automate and simplify many of your business processes, thereby enabling you to save time, save costs, and manage your work-life balance much better.

In this article, we are going to look at why using data extraction apps can help you in these areas. We’ll also take a look at a number of the data extraction apps which are on the market this year and which you might want to consider making some use of in 2020 to help your business and your life along nicely.

Time-Saving

The whole point of these apps is that they allow you to have a more automated process so that you can have your time freed up plenty in the business and your life generally. Because these apps work by automation, you don’t have to spend lots of time inputting your data along the way – and that means you end up saving a huge amount of time in the long run. That’s time that you could better spend elsewhere, perhaps in making the business run more efficiently in other ways, or merely having more time for yourself and your leisure – or maybe spending time with your family and friends. Using apps that automate in this way is something that is certainly going to be a huge time-saver on the whole.

Cost-Saving

All entrepreneurs know full well that you need to save as much money as possible as a vital part of doing business. If you are not doing that, then you can’t be sure of the health of the business in the long run, and that is something that you will want to be aware of along the way. There are a lot of ways in which you can save money in your business, and one cost-saving method that is particularly important to consider is the use of these data extraction apps. By using these apps to help automate your processes, you will find that you are going to have to spend much less money on those processes – for the simple fact that extraneous processes are going to cost you money in the long run. So that is a great reason to make sure that you are using these apps as best as you can. Saving cash will mean your business is healthier and in a better position on the whole in no time at all.

Work From Anywhere

There is another element to these apps, which help to make them such an essential and useful tool too, and that is the fact that they allow you to work from anywhere. Many people are seeking to run businesses that they can run from wherever they like these days, and if you are after such a mobile business, then using these apps is going to prove essential in that process. Because you don’t have to store anything centrally, you can run your business on the go – meaning that you could even travel the world and still keep your business intact. That helps you with your work-life balance greatly, and it is also a very free way of running a business, too, so it’s something to bear in mind.

Run Your Business On The Cloud

More and more people are making use of the cloud in their business. It is a very good thing to do, with many great benefits, and you are likely going to want to think about it too if you are running a business of your own. To run your business on the cloud, these kinds of apps are going to be essential, so that is something that you should bear in mind. If you do use these apps, you could store almost everything in the cloud, and that means sharing it with yourself and others much more efficiently too. That helps productivity, frees up time, and means you can act in a more cost-efficient manner, so it’s definitely something to consider from that perspective. Cloud-based businesses are likely to be those who become successful in years to come, so make sure that you are considering this if you want to be ahead of the rest.

Available Apps In 2020

We have seen how useful these apps can be, but which apps are out there for you to make use of this coming year? As it happens, there are plenty, but here we are just going to take a look at some of the best so that you can have a narrower choice to start with and save yourself some time in that way.

  • Receipt Bank
  • AutoEntry
  • One Accounting
  • FinancialForce Accounting
  • NetSuite
  • FreshBooks
  • Zoho Books
  • Chargebee
  • Yooz

And many more. If you are keen on trying these out, remember that they are often going to offer free trials, so you should seek those out first so you can get a feel for them. It might be that you need to try a few before you get on to one that you can make good use of and which is going to be the most help for you. Be prepared for that, but bear in mind that even spending time on that is going to save you time in the long run ultimately. Using these apps might be the best thing you did in business, so it’s something that you are going to want to think about.

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