Wouldn’t it be nice if you could reconcile your bank accounts quickly and efficiently with the minimum of stress?
With an online accounting system – that time is now. Whether it be Xero, FreeAgent, Kashflow or Quickbooks, the process at the heart of each system is the bank reconciliation.
Stay in control of your cash and the rest will follow.
Do I really need a software system to be able to reconcile my bank account?
Well, of course you don’t have to, but imagine being able to log onto your online accounting software and know your exact cash position now. Would you feel more in control of your business finances? How would that information change your buying decisions?
With online accounting you can:
- view your current cash position as it stands today
- decide whether or not to make that purchase, based on real-time information
- import new transactions as the press of a button
- instantly match incoming cash to your outstanding sales invoices
- instantly match outgoing payments to your supplier invoices
- quickly allocate the rest of the bank transactions to the right cost code
- use the time saved doing the admin, doing what you do best
- sleep better at night knowing that you are in control of your cash
Most online accounting systems will either have an App or will have a responsive website design meaning that you can reconcile quickly from your smartphone or tablet.
“Cash is King”
“Turnover is vanity, profit is sanity, but cash is reality.”
We all know the quotes, we all know it makes sense, and it’s probably never been more true than it is in today’s environment. So the question is – what is stopping you?