Accounting software is necessary for running a successful small business. When you are just starting and do not have the time or money to hire an accountant, accounting software can be your saving grace. You do not need a big accounting department when you have accounting software like FreshBooks in Australia, as a single expert or a small team can easily manage it. The best part is that accounting software does not cost much to buy and use. Businesses can even hire outsourcing service providers that use FreshBooks. Here are 4 reasons why FreshBooks is good for your accounting system.
It is free- Some accounting software can cost hundreds to thousands of dollars a year. While that is likely a good investment if you are an accountant or running a business with large amounts of money, it is not a good investment for most small business owners. Starting a business is expensive, and as your business grows, so do your expenses. If you choose the free route, you cannot beat the 30 days free trial offered by FreshBooks in Australia. While it is not 100% free, it is the closest to the best thing you can get from a software company. It is inexpensive, easy to use, and has plenty of features.
You can import your accounting data from other programs- Your accountant likely uses QuickBooks, Xero, Odoo in Australia, or another accounting program. If you use other accounting software like those three, you can easily import your data into FreshBooks. This is a huge time saver since you are not required to re-enter your data into the new software. It just imports everything from your other software, and you can keep everything else in your accounting system the same. Another huge benefit from importing your data from other programs is that you do not have to learn a new system.
It syncs with google, outlook, and more- Some accounting software syncs with your desktop. While that is great for a few people, it is not the ideal solution for most small business owners. You can easily sync your data using Google Drive or Outlook as part of your day-to-day operations. This means you can see your data on your phone, so you do not have to reference your laptop whenever you have a question.
You can prepare and format your invoices in seconds- No matter how skilled you are at formatting invoices and entering expenses, it takes time to get it right. It could take hours to get it right if you are not that skilled. If you want to invoice your customers and pay your expenses quickly, you should use FreshBooks. The invoice templates are intuitive, and the formatting is easy to customise. You can easily change a color, add a photo, or add a signature. You can also customise invoices for each customer. If you have a client with a specific billing cycle or a complicated agreement, you do not have to change everything with everyone.
Final thoughts
Choosing the right accounting software is one of the most important decisions for your business. Even if you choose the wrong one, it does not mean you are stuck with it. You can switch to a different accounting software if you decide that today’s software is not for you. FreshBooks is great for small business owners because it offers free trials, is inexpensive, easy to use, and provides plenty of features. You do not have to learn a new system or re-enter all your data into the program. It just imports everything from your other software, and you can keep everything else in your accounting system the same.