Starting A Business? Have You Given Income/expense Tracking A Thought?
Today there are tons of people who aspire to be entrepreneurs
. A good many of them still in school and college and a lot of them are writing their business plan as I type. Being self employed comes with the perks of independence of thought and action along with the possibility of making big money. These two things are the key reasons why many people want to enter the world of business.
As expected, the people that get into this line rarely have anything beyond superficial knowledge of accounts. Indeed bookkeeping and accounting is trivial when compared to the great big ideas that are going to bring money; but income/expense tracking is more important than what aspiring business owners think. A prudent entrepreneur will constantly monitor his/her income expense to see where they could make more money and how they can cut costs. They just dont shove it all to the accountant and forget about it. In short, they are the forefront of knowing how well their business is performing in terms of money.
So how does a budding entrepreneur take care of income/expense?
A good many of them use diaries and spreadsheets to jot down their expenses. Apart from being tedious, this is a largely unreliable method. In case of the computer crashing or the file getting corrupt, the loss is often irrevocable. All the data that was noted down so carefully is lost in seconds.
The alternative to this is some kind of bookkeeping accounting software. If you ask around most people are likely to name QuickBooks, Sage and such software as the best there is out there. True that they make for the best, but the fact remains that they are designed for accountants. This means that you must be familiar with the basics of bookkeeping and accounts to work efficiently on such software. These software packages dont come cheap either.
So this brings you to the question- where from here?
Self employed bookkeeping software such as Handdy Jotbook was designed to serve this particular need. It allows business owners to keep track of their income and expense without having to rely on a bookkeeper. There is no accounting jargon used anywhere in the software and this makes it remarkably easy for anyone to use. Such self employed bookkeeping software gives the business owner independence with regards to money. Also it is online software that operates on Google Cloud. This means that people dont have to make space in their hard disk to store their financial data.
All in all, this is the ideal solution to the bookkeeping/accounting problem and the perfect gift for an aspiring business owner.