What is the best way to track my documents and receipts?

Ask Andi: Biz Finance Advice for Solopreneurs

English - March 03, 2020 10:00 - 28 minutes - 47.1 MB - ★★★★★ - 22 ratings
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We are going back to our roots and talking about tracking your business finances. We’re discussing how you can ditch pen and paper and enter the digital world available for tracking expenses. I’m sharing what my favorite digital financial programs are, what you should look for when researching financial tracking software, and how to keep all of your receipts organized.

It’s time to ditch that old shoe box full of receipts!

What we’re talking about

Creating A List Of Your Finance Software Needs How to Assess Which App Or Software Is Right For Your Business Finances Tips For Organizing Business Documents And Receipts

Creating A List Of Your Finance Software Needs

To figure out which type of financial tracking software is best for you, start by creating two lists. The first list is about what you need your app to do for your business today. The second list is about where you see your business going in the future and the different software features that may be beneficial down the road. Things to consider include tracking expenses, invoicing, time tracking, bills due, cash flow management, and tracking mileage.

How to Assess Which App Or Software Is Right For Your Business Finances

Once you understand your current and future financial tracking needs, it’s time to research the technology available to you. Trial multiple systems and look at ease of use, the interface, and the type of wording and language used. Some good options include QuickBooks Online, Xero, and Wave.

Tips For Organizing Business Documents And Receipts

All of the technology in the world can’t help you unless you keep your documents and receipts organized. There’s the old fashioned pen and paper method, or there are a number of apps available with different features. These features range from how you upload your receipts to how your information is stored. It’s important to consider your financial habits and routines when selecting a filing system.

Have you figured out which financial tracking system will work best for you?

LINKS MENTIONED

QuickBooks Online

https://quickbooks.intuit.com/

Xero

https://www.xero.com/

Wave Accounting

https://www.waveapps.com/

You Need A Budget

https://www.youneedabudget.com/

Dubsado

https://www.dubsado.com/