Keeping a daily record of financial transactions is a nightmare for small businesses. Especially because many business owners already have too much responsibility they have to shoulder. Plus, most of them can’t afford to hire a professional accountant yet.
So, they do the easiest thing: ignore record-keeping or pay less attention to it. Yet, it’s one of the most important processes that could make or mar a business, and it is one of the reasons many businesses fail eventually.
Technology has made things even better. There are many accounting software that can be your secret weapon when it comes to managing your small business finances. The software is like your assistant, it will help you track cash flow, revenue, expenses and give you a clear understanding of your profitability.
We know that as a small business, you have a limited budget. This is why we helped you identify five accounting software you can use for free.
Watch the video above to learn about the software.