Monday, 19 April 2010

Mastering the art of staying on top... of your finances

We are always on the hunt for ways to make the entrepreneur's life easier. Our mind has been on how to make accounting easier for the SME as not everyone was born a natural with figures. And we think we may have found it.

When we talk to some accountants and book keepers, they rave about SAGE. It certainly has it plus points but speaking from experience, it really is designed with an accountant in mind... regardless of what the marketing blurb says.

The biggest challenge for an SME who is keeping things virtual is how to get a business snap shot without having to ask for it. We were introduced to www.freeagentcentral.com and think that it solves lots of these challenges. It doesn't do the inputting for you (that is where we come in!) but it is just wonderful to be able to see you figures in real time, be able to generate invoices on the fly, send out reminders... oh the list is endless.

The frustrating things are having to reinput all the historical data but you can easily negate this by opting just to use the new system going forward. Simple.

We would love to hear your thoughts and whether you have found other great online account systems too.