The end of financial year is just around the corner, which is a busy and often stressful time for small business owners.
The challenge of managing your regular workload as well as doing your own administration, marketing, bookkeeping and accounting is a massive undertaking; and when the calendar rolls around the June, there are a number of additional demands upon you and your business.
Now is the perfect time to make a resolution: to review your financial processes and work towards improving your business; so you will face the new financial year with systems in place that will not only improve your accounting, but also improve your estimating.
Improving your financial operations.
Reviewing your financial processes is an important part of business improvement, and will set you up to more easily manage the essential tasks you’ll need to undertake in order to be ready for end of financial year.
Ensuring your records are up to date, reviewing your finances, and backing up and securing your files should all be important features of your end of financial year review. Unfortunately, this can be a time consuming and sometimes puzzling process that can leave you feeling confused and stressed.
Luckily there is a range of software packages on the market that can help you easily manage your finances, save you time, and eliminate unnecessary stress in the process.
One of these packages is Xero - a cloud based program that will streamline your finances, allowing you to keep all of your financial operations in one place, so you can coordinate all of your accounting with ease.
Boasting a range of features, the software has everything you need to successfully manage your accounts. Pay bills, record expenses, accept payments, and track your inventory all within the one, seamless, time-saving package.
Xero makes tax-time easier, by improving the way you work with your accountant and bookkeeper. Collaborate in real-time directly within the software, and view and share interactive reports. You can also customise reports to include the information you need and export them as a pdf or to a spreadsheet so you can easily review and keep track of your budget.
Online backups, encrypted data, and multiple layers of security, combined with the ability to connect anywhere at anytime on a variety of devices, all offer peace of mind so that you can conduct your business with ease and confidence.
Another feature of Xero is its integration with a range of other systems you can use for your business, including Cubit.
Improving your estimating.
After reviewing and improving your accounting practices, you’ll see a range of benefits that extend beyond your financial operations into the rest of your business. This is your opportunity to assess your other business processes and explore ways you can make further enhancements to the way you operate.
One of the areas of your business that you should review is your estimating – the key to any successful construction business. Accurate estimating is essential in allowing you to anticipate all of your costs and ensure profitability; and using estimating software like Cubit will enable you to do just that.
Cubit is a natural estimating solution that can help you improve the way you work, by combining estimating and takeoff in one seamless package. Using Cubit, you could be estimating jobs up to 10 times faster than traditional methods, or three times faster if you’re using other software packages.
Reclaim your time and minimise errors, with pinpoint accurate on-screen takeoffs, incorporating quantities straight into your estimate; empowering you to increase efficiency, productivity and profitability.
Making the move to improve, now.
The end of financial year is an ideal time to review your processes and make the move to better systems; ensuring you are set up in the best way to not only deal with tax time and end of year tasks, but also to enter the new financial year with the most appropriate systems in place.
This year, there’s another great reason to improve your processes - Buildsoft’s huge End of Financial Year sale.
For a limited time, you’ll receive 20% off our estimating solutions, Cubit, Mudshark and Global.
This deal is open to all new and existing customers, so if you’re looking for your first estimating software package; want to move to a better system; or need to purchase additional licences, there’s never been a better time.
Buildsoft is also offering 20% off our Cubit Classroom Training - so you can make the most out of your Cubit purchase, and further your knowledge and skills under the guidance of our experienced trainer.
This sale is for a limited time only and must end on June 30, 2017. Contact us today to take advantage of this incredible deal.
Plus, exclusive access to our free guides, videos and live webinars.