Managing your mobile business
Small business owners work hard and are often on the move. You may be out meeting clients, working on-site or travelling between jobs. If you have an office – at home or anywhere else – you probably don't spend a lot of time in it.
Mobile phones, tablets and laptops have made working on the go much easier. You can check emails, manage appointments and edit documents. But did you know you can also manage your accounts on the go?
Mobile accounting apps (sometimes also called mobile bookkeeping apps) let you manage expenses, send invoices and track your cash flow from anywhere. There's no need to wait until you get back to the office at the end of the day.
Mobile bookkeeping app or mobile accounting app?
Bookkeeping and accounting have different meanings but, when it comes to apps, these words are often used interchangeably. So when you’re shopping around, look for both.
Seven apps in one
A good mobile accounting app comes with a lot of capabilities, including:
1. Expenses app
2. Receipt scanner app (optional)
3. Mobile billing app
4. Mobile invoice tracker
5. Automated bookkeeping
6. Bank reconciliation app
7. Live cash flow dashboard
An accounting app for Android, iOS and iPad
Mobile accounting apps and mobile bookkeeping apps are online services. The software isn’t on your device. It’s online, and you simply use your phone to access it.
This means there are no compatibility issues. Online apps run the same way on any operating system. So it makes no difference if you change from Android to iPhone – or if you switch between phones, tablets and desktops throughout the day.
Towards easy accounting software
Mobile bookkeeping and accounting apps allow you to take care of important financial admin while you’re on the road. You can capture expenses, send invoices, see what you’re owed, chase payments, reconcile accounts, and see what bills are coming due. And because these apps keep pulling fresh data from your business bank accounts, you know you’re working with accurate numbers.
It’s accounting for business people that don’t sit at desks. Mobile accounting apps allow you to get the basics done, no matter where you are.
Are mobile accounting apps for you?
Mobile accounting apps – or mobile bookkeeping apps – are useful for almost any business. But they are great for sole traders and businesses that don't have dedicated office staff.
In other words, if you do most of the bookkeeping yourself, an app can really save you time. You can do things on the fly that might otherwise ruin your weekends.
When you're ready to start looking for an app like this, choose wisely. Get a system that offers a full list of features, make sure it syncs with your bank account every day, and check that it integrates with other apps (such as receipt scanning apps).