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Back in the days, bosses struggle with actual pieces of papers, invoices, delivery order, quotation, payroll, expense and other nitty-gritty routine work that displaces their time from core activities.
With the adoption of cloud services, we take away the process of hiring a professional accountant, a qualified HR manager and the need to drill out Statement of Accounts on a timely basis. Paperwork is greatly reduced when expense receipts are attached into Xero. With Wave accounting, clients get routine updates on debtors aging via email. This is particularly important as new entrepreneurs will need to stay on top of its finances.
However, my colleague and I are afraid of ditching the current method of working with my clients, because we didn't want the hassle of switching softwares. As a professional accountant, I shortlisted two software-as-a services (SaaS), Wave and Xero and did a few beta test. The result is significant and this has provided us an opportunity to review and assist clients in preparing the full set of accounts in accordance to local regulations on a timely basis.
I am so glad that I took the first step and moved on with the new softwares!
More information: Wave Accounting \ Xero Accounting
A Power team lead by WAHM (Work at Home Mum) turned FTWM (Full Time Working Mum) in 2014 so that she can provide more for her family and keep herself sane at the same time. Elisha and her power team wants to help more Momtrepreurers & Dadtrepreuerers to Join us !