I was at a networking event where a bookkeeper was talking about the benefits of using online accounting software.
“You no longer buy the software”, she said, “you just subscribe to use it online for a period of time.”
The book-keeper commented that the subscription started from about $20 per month, and someone said “I don’t want to pay for software. I only look for free software.”
I turned to the person next to me and . . .
whispered, “some people just don’t get it, do they?”
They just don’t understand yet how to get leveraged with online software.
What they were not getting was that by spending $20 a month on the software, so much of their manual accounting and bookkeeping was automated.
And this meant that there was so much less data entry for the bookkeeper to do, resulting in lower charges for data entry and book-keeping.
So ultimately, their bookkeeping expenses would be reduced by much more than $20 per month.
That’s a practical cost saving to the business, or money that could be invested with your book-keeper to help you better understand the numbers of your business.
Sometimes, it seems that we just “cut off our nose to spite our face”.
We refuse to spend $20 per month in order to save maybe $200 per month.
In the past, to buy software such as accounting, word processing, spreadsheet or graphics software would involve hundreds or even thousands of dollars outlay.
The modern solution with monthly payments is much better for business cash flow, spreading payment out over time.
In the past, buying software meant that you were more or less stuck with that version of the software, and upgrades were a tedious process.
Another advantage of online software is that it is always up to date and ready for use online.
And if you are still doing your own book-keeping, then read my article on the subject –
Want some help with your book-keeping?
If you want some help with your book-keeping, or just some advice on how online accounting software can save you money, call Elisa Mayenco on 07 3103 7410. Her contact details are here:
Well, that is quite simple really!
Watch this short VIDEO
The benefits of Xero accounting software
What should you do now?
- If you want to save money in your business, look to automate manual processes.
- Your website is a great place to start looking for this.
- Want some help or ideas? Just contact us at Hotpink Websites now.
The first rule of any technology used in a business is that automation applied to an efficient operation will magnify the efficiency. The second is that automation applied to an inefficient operation will magnify the inefficiency.
~ Bill Gates
Remember – Get leveraged with online software