There are the enjoyable parts of going freelance and being your own boss. There are also the boring bits which you’d rather avoid, but are important nonetheless.
Don’t worry, we understand that your business accounting most likely falls into the second category. If numbers and paperwork aren’t really your bag, then we highly recommend getting acquainted with accounting software such as Pandle.
Doing so will make your processes more efficient, lower your stress levels and allow you to make better decisions about your business.
Keep scrolling for our round-up of the top 5 reasons why freelancers should really be using accounting software.
Time-saving speed and efficiency
One of the biggest benefits of having access to a great accounting software is how much spare time you can free up. Running your accounts and managing your bookkeeping this is way is far quicker.
It’s also more efficient than any alternative. You’ll spend less time worrying about documenting expenses, and more time actually growing your business.
More informed decision-making
Making your accounting processes more thorough and efficient naturally means they will become more accurate and reliable.
Having access to meticulous finance reports allows you to make more educated decisions around spending, investment, development and cost saving.
When you’re clear about your accounts and you can clearly evaluate your cashflow at the click of a button, you will be able to think with more clarity about everything else.
Less room for human error with accounting software
In many cases, the power of human interaction is invaluable and always will be, but where modern technology facilitates it, there’s certainly a place for our digital counterparts.
Removing manual accounting and submission from the equation will dramatically reduce the risk of human error and therefore fend off any unnecessary hiccups further down the line.
Think of your accounting software as a measure to reduce mistakes that need rectifying.
Most well-designed accounting software – like Pandle – will also provide you with the security of automated reminders. That’s pretty good for getting paid.
Access anytime, anywhere by anyone
When selecting software, we always recommend looking out for a cloud-based service. Using a cloud-based software means information can be accessed by anybody who is granted permission, anywhere in the world with an internet connection.
Help when doing business around the globe as a freelancer
Another great benefit to keep your eyes peeled for when shortlisting your accounting software options is support when dealing with international transactions.
Pandle offers its users simple currency exchanges so that you can sell your products or services to customers around the world with less complications.