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Small Business Bookkeeping: On-the-go Accounting for the Modern Entrepreneur

Accounting
Article
08/07/2014

Many business owners depend on reliable access to accounting information at a swipe of fingertip or a click of a button. While online accounting systems have greatly improved small business bookkeeping, accounting apps are revolutionizing the way small business owners manage their books. These apps are allowing owners to focus their attention on running their business, rather than rifling through receipts or crunching numbers behind the scenes.

On-the-go access anytime, anywhere

With an accounting app storing all your bookkeeping information securely in the cloud, business owners have the freedom to access their accounting data from anywhere, at any time. They can view important financial documents, store images of business receipts, and collaborate with staff members and their accounting team from home, between errands, or wherever they choose.

Features that make bookkeeping a breeze

Apps have made it easier than ever to invoice customers and track expenses. Some apps even allow true double-entry accounting and bank reconciliation from the convenience of a smartphone or tablet. Financial statements, tax documents, and import-export can be easily accessed in real-time. And with all accounting information stored and backed up in the cloud, business owners don't have to worry about misplacing important papers.

No experience needed

Business owners don't need to be accounting experts to manage their books with the help of online accounting apps. Most apps are simple to use, so that inputting on-the-go expenses or income is as easy as sending a text message. There's no need to input the same information again from an office computer—accounting apps and their related online systems are typically integrated.

Security and back-ups

Business owners can feel at ease knowing that their books are routinely backed up.. Accounting app security protocols may also help reduce stress over compromised data, or the possibility of losing important documents.

If your business is on the move, consider using an accounting app. By giving you the ability to access your data anytime, anywhere, it could give you the freedom to work on your business—rather than working in it.

 

This website contains articles posted for informational and educational value. Paychex is not responsible for information contained within any of these materials. Any opinions expressed within materials are not necessarily the opinion of, or supported by, Paychex. The information in these materials should not be considered legal or accounting advice, and it should not substitute for legal, accounting, and other professional advice where the facts and circumstances warrant.
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