Leveraging Technology

by Trent Hadfield.

There’s never been a better time to start a small business. Advances in technology over the last few years have really given small businesses a lot of tools to leverage their business.

There are tools not only for managing your business and day-to-day financials, but also other tools which are specific to your industry and what you need to run your business.

Here at Sofra Partners, we like to use Xero for Accounting.

There are many different products on the market. However, Xero is our preferred choice because it is cloud based, and at the touch of a button, you can see where your accounts are from day-to-day.

It’s very simple to take care of your accounts each day, by reconciling your accounts, invoices and expenses. You can have the data feed in from your banks, plus very quickly, grab a snapshot of your profit and loss and see how you are, all at the touch of a button. Provided you’re reconciled, we can see your business data up to the day, and there are additional tools available for business analysis.

For us working with our clients, Xero has changed the game.

We can be dealing with you the very next day telling you exactly how your business is going, and as a business owner that is fantastic. In the past, people did not know how their business was performing until months after the end of financial year and everything was retrospective. We’ve now got tools to tell you how your business is going, and forecast, and plan. Plus it all integrates with an absolute suite of add-on apps, including stuff to manage inventory, time sheets, customer relationships, and jobs, so that we can manage your jobs, you can invoice out on site, and have staff in many locations.

The App Marketplace within Xero is endless and there’s an app right for your business; and because it’s all cloud, it integrates with each other, and includes real-time data feeds.

So there’s never been a better time to go into business.

The add-on marketplace, combined with Xero, and the general cloud tools which are available to us today make it all very easy.

Come and talk to us about them!

www.sofrapartners.com.au