How to organize your company's finances
Knowing how to control a company’s finances is an essential step for successful entrepreneurship. After all, lack of money is a common reality at the beginning of a business and the only way to grow is to achieve balance and invest in the expansion of the company.
However, the challenges begin with fundraising and go through the entire financial management, as the entrepreneur often takes on the task of taking good care of the money in addition to all the other responsibilities.
For those who are not familiar with numbers and the company’s financial cycle, starting can be even more difficult. But with a few simple measures, maintaining discipline, and using the right tools, it is possible to preserve the company’s cash flow and plan investments for growth.
Tools for organizing company finances
Financial management and expense management software:
Spreadsheets are an important step in getting started. They allow you to easily store, share, and update monthly and daily cash flow data, make revenue projections, track accounts payable and receivable, make quotes, note costs, and more.
The simplicity of this tool allows you to track your company’s progress with ease. But if you are already at a more advanced stage, you will need management software.
This solution is mainly suitable for small and medium-sized businesses, helping you manage accounts payable, accounts receivable, cash management, and order control, for example.
When it comes to expense management, it is essential to worry about the proper management of business expenses, and always try to improve the processes of expense tracking and control, which is an important issue for the survival of businesses. Everest aims to make life easier for business owners
The solution offers a business checking account with corporate credit cards that are ready to use on the spot, digitally.
The credit cards can be individually assigned to subscriptions and services and are linked to an expense management tool to control expenses in real time from a computer or even a smartphone.
Thanks to Everest’s tools, management can optimize financial flows by assigning flexible credit limits per card or saving time on reporting and accounting. The service supports team functions, unlimited transaction history, automated expense reports with receipt verification and matching, instant card controls and alerts.
For better expense tracking and to make accounting easier for your business, you can invite your accountant to open an Everest account and get one-click access to financial data. This means you no longer have to do the bookkeeping tasks yourself or send receipts and xls files! You can provide direct access to your account in view mode for collecting export transactions or bank statements. Learn more at everestcard.com.
Cloud storage:
With cloud storage, you can have all your documents in one place – accessible by any device and any authorized person.
In this environment, it is possible to organize invoices, separate bank statements, gather supplier spreadsheets, and more.
Solutions such as those from Google and Microsoft offer great security, plenty of space for files, and integration with other tools.
Task management software:
Task and project applications such as Trello and Asana can be a real help to the administrative routines of the company’s finances.
With these tools it is easy to organize what needs to be done and see all the necessary actions, assigning people responsible, aggregating links and creating checklists.
The more organized you are about the money that goes into the company’s cash flow, the easier it will be to ensure its profitability and longevity.
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