5 accounting issues and the apps that can help solve them

As you know we love tech and, as the UK’s first 100% cloud accounting practice, we have a long pedigree of recommending and implementing the right accounting software and apps for our clients’ specific needs. It always starts with us spending time with our clients, understanding not just what their aims and objectives are, but also what are the issues they currently face with their financial management. So often we find that there is a digital solution that won’t just fix the problem but also massively improve the situation giving better data and also a cheaper solution.

As an accounting outsource and tech specialist my days are spent working with clients helping them transform old or non-existent finance systems into brand new modern automation based one. This saves time and money and gives FD’s and teams the data they need to help grow their business, not just input it. When I talk to clients though, despite working in different sectors, they often face common issues and pain points. So, to whet your appetite of how we can help you here are some of the pain points business owners face and how we use some great simple but effective tech to resolve.

Want to get paid quicker? Well firstly – are you sending invoices out on time and electronically? Why not use the pay now buttons on your invoices using Stripe or Paypal. Or even better get clients on DD with GoCardless – automated payment collection and the bookkeeping done for you – heaven!!

Implementing Chaser for collecting your debts will mean your clients are regularly chased for payment in a Polite Persistent way that does not look like a computer is sending obviously automated emails at 2am in the morning and a full log of correspondence on the debt is maintained one place!

Cashflow keeping you up at night? Not sure what cashflow obstacles are coming or maybe you want to test some scenarios – with only 51.8% of SME’s having a positive bank balance this is a hot topic and an area that needs tight control which is why we use and recommend Fathom for this.

Or maybe you are practically rolling in it and want to grow but not sure what is needed or where to spend it then we can create forecasts and growth plans using Fathom again – we are here to support and challenge you to hit those targets.

We can help reduce your admin time to collate employee expense reports by using Dext’s effortless expense reports or Pleo for prepaid cards.

Or simply do you want more time to watch those boxsets, take a windy walk in the evenings or spend more time building your business? Do you want accurate up to date data to make better business decision and plan your cashflow?

Why not let FC do your bookkeeping for you to free up your valuable time, contact us today! As long as you use Dext and have your Xero bank feeds connected then we can support you on a weekly basis and hopefully spot opportunities to streamline your finance function!

In the words of Terry Tibbs “Talk to me!”