Naturally, the right amount of capital is one of the keys to a successful small business. If you don’t have enough, you’ll be cutting corners that will lead to decreases in quality and trust from potential partners or clientele. Cash flowing the business can feel like a job that never rests. After all, virtually every part of your business, from invoices to dealing with your taxes, is tied up in it. The good news is that there are a number of useful strategies and programs for making sure your business is doing its finances the right way the first time. Let’s take a look at some of the critical programs modern technology has gifted us with.
Payroll Made Easy
Sometimes it seems like there just aren’t enough hours in the day to waste on tedious processes like troubleshooting your payroll problems. That’s why outsourcing it to payroll management programs like Zenefits or Gusto (formerly Zen Payroll) can save you the time and hair pulling that sometimes accompany these time-consuming tasks. With online programs like these, you’re able to streamline your company’s payroll while simultaneously eliminating the costly inefficiencies of your previous systems. Even better, they are typically very easy to combine with any other accounting software you may already be using. By doing a little digging, you’ll be able to find the perfect program to match your unique payroll system, with some even giving you the peace of mind of having your payroll taxes calculated for you.
Kicking Your Feet up on Your Financial Dashboard
The financial health of your business can become frustrating to track. That’s why every small business should consider a financial dashboard program that allows you to have a live look at your financial standing with a few clicks. With programs like inDinero or LivePlan, you’ll be able to head off any troubling aspects of your venture before they get any worse. Specifically for small-scale startups, inDinero uses its cloud-based solutions to allow you to stay on the right track with your CFO support and accounting, while giving you a real-time look at how close you are to meeting your goals. By keeping tabs on your budgets and expenditures on an easy-to-use platform, you will be free to focus on things like serving your customers.
It’s time to stop living in the dark ages of financial planning. Smarter business starts with smarter programs.
Article by
Wayne Goshkarian,
Senior Advisor