If you are a business owner in Johannesburg you have likely seen how fragile new start-ups can be. Perhaps on the street in which your business is situated in Johannesburg, you have just recently seen a number of small businesses open and then, just a short while later, close down.
Have you wondered what went wrong? Was it the wrong location in Johannesburg? Or did their failure run much deeper than their address?
Part of running a successful business is having peace of mind that your accounting and payroll software solutions are serving your business well.
A mistake many businesses make is neglecting to factor in that administrative tasks, like accounting and payroll, if not automated through proper software solutions, are time consuming. Managing these manually also has the potential for errors, even the simplest of which can cost your business dearly.
In fact, did you know that 80% of start-up businesses shut their doors due to financial mismanagement?
4 Reasons to Get Accounting and Payroll Software:
- Knowing the ins and outs of your cash flow is imperative. If you do not know who owes you money or whether you have enough money to pay your suppliers and vendors, you will not stay in business for long. Whether in the heart of Johannesburg or in a rural town on the outskirts of the Free State, cash flow is what keeps your doors open. The right accounting software gives you a deep insight into your finances and tracks overdue accounts and accounts payable.
- But how do you choose the right accounting software? Sifting through all the available solutions can be confusing and frustrating. The key to making the right choice is selecting accounting and payroll software that will meet your company’s needs and which will be easy to learn, install and use. You cannot afford for a new system to throw your administrative processes into chaos. Always ask about the accounting solutions’ key features and make sure these are a good fit for your business.
- By automating your processes, you can free your bookkeeper up to assist in other areas. Done manually, accounting and payroll are laborious. There is also the potential for mistakes to creep in.
- The only way to truly know how your business is performing is to have your finger on the pulse of your finances at all times. If you are currently satisfied that your manual system and your bookkeeper’s thumbs-up is an accurate indication of your business’s health, you may be in for a shock. With automated accounting and payroll software solutions, there are no unwelcome surprises. Instead, you will be pleasantly surprised at what accounting and payroll software solutions can do for your bottom line.
As a business owner, you have to wear many hats. You could be excelling in several areas of managing your business and keeping your customers happy, but are your current financial systems really the best they could be?
Do not leave the financial health of your business to chance.
QuickBooks is helping thousands of businesses in Johannesburg and across the country manage their finances. For simple, easy accounting and payroll solutions, contact QuickBooks on 010 203 4300 or email@example.com