Running a business involves juggling many daily stresses, from dealing with payroll to overseeing cash flow management. But what if we said there was a variety of useful and accessible tools to make managing your company easier?
The experts at Nabarro Poole have put together a list of the best tools to help your business through 2023. So, here’s some food for thought…
Allowing businesses to manage their finances in real time, Xero is an online accounting software company that supports bill payments, claim expenses, VAT returns, bank reconciliation, and more. With over 3.5 million subscribers, Xero is a staple to many businesses.
One of its greatest features is cloud computing – enabling companies to store all their data, files, and software in one place. With access to everything you need, you no longer have to worry about being in the office or stress about security when remote working. Xero allows more flexibility and more employee satisfaction.
Gone are the days of chasing stray invoices. With Hubdoc, everyone is on the same page. You can easily integrate Hubdoc with other systems – like Xero and QuickBooks – and use Hubdoc’s supplier rules to configure automations and collaborate better.
Think of it like your very own personal assistant. Hubdoc extracts important data from bills, receipts, and invoices, pretty much eliminating manual data entry and filing.
You can upload your docs to Hubdoc in three ways:
- Take a photo on your phone
- Upload a photo
- Forward invoices from your inbox
Plus, you can keep your accountant updated with Hubdoc and allow them access to the business’s bookkeeping information – saving time and streamlining the process.
It is worth making the point that Dext (formerly ReceiptBank) is better, but we don’t feel it is worth the monthly fee for our clients – if you have hundreds of transactions each month, that cost would be justified.
Cash is king, but are you treating it this way? Understanding cash flow is underrated. Float is an award-winning cash flow management software that can help your business make more confident decisions.
Float’s forecasting software gives you eyes over your entire cash flow, providing helpful insights to map out the future. Here are a few things you can do with Float:
- Automatically track your cash budget
- Copy and paste an existing forecast spreadsheet into the app
- Enter multiple budgets per line for better accuracy
- Create budgets for money that doesn’t yet exist
And, to keep up with the rest of your smart tools, you can seamlessly integrate Float with other systems, saving time and money.
Sure, there are some great tools out there to reduce stress and better manage your time and finances in 2023. But what if we told you that an accountant can do all of these things for you too?
The Nabarro Poole team prioritises understanding your business model and what makes it unique to offer a personalised accounting experience.
We can help businesses with a range of accounting services, from budgeting and forecasting to tax planning and payroll.
Get in touch
Whether you know exactly what you need support with, or you’re looking for answers to your questions with no strings attached, contact Nabarro Poole today.