Accounting industry has benefited so much from the technologyboom. Accounting and running a small business now adays have improvedexponentially. It wasn’t long ago that some colleges and university weretalking about “general Ledgers” “Books” and so on. Basically, accounting hadn’tchanged in a long time.

Now, I am pleasantlysurprised when I see new apps are emerging that changing accounting and makingit so much more efficient and effective to run a business.

Business on your fingertips –literally

Number one app spotbelongs to QuickBooks Online.

QuickBooks Online(QBO)This app will empower you to run yourbusiness even better, save time, your money, and your business. According toIntuit, over 98% of customers agree that QuickBooks helps them run theirbusiness more easily. QBO acts like a hub which other apps can be attached toit and making it and your business so much more powerful. This app enables you to also connect itto your bank and credit card. Once this is done data will flow through itinstantly. Once this is done, reports can beproduced so you can see how your business is doing. Speaking of reports, theycan also be customized, you can choose a favorite report, perform analysis andmuch more. You can make decisions and see trends right away. One of thefeatures that I like is running comparisons either year-by-year or quarter byquarter. I don’t think that you have to be a geek to appreciate this. If youare serious entrepreneur, you will know how valuable this is. I don’t think even the Chief FinancialOfficer (CFO) of Coca Cola or IBM had this instant data10 years ago. Benefits1. Instant backup2. Access to data fromanywhere any time3. Instant score card andreports4. Collaborate with partners5. Improve cashflow6. Receipt Management7. Up-to-date Software Number 2 App, Dext This app saves a ton of bookkeeping time and indirectly makes you the best record keeper. As you take pictures of your receiptsor email them to your unique Dext email. The built in OCT technology, reads thedata such as supplier name, invoice number, invoice data, costs, taxes, methodsof payment and submit them if connected to QBO. One of our Numetrica clientssubmitted over 1,300 receipts to Dext by having his kid scanning them in a fewminutes. This saved him hours of time. Our staff configured his Dext account andin a matter of minutes all of the receipts were uploaded (published) in to QBO,saving even more time and money. Better yet, Dext saves the electronic receiptsfor 10 years. In case CRA is asking for any of those receipts we can identifythem again in minutes. This again saves time. Time saved is money earned – taxfree. Benefits to business1. Save time2. Improve accuracy ofuploading receipts3. Audit Trail4. Connects with QBO5. Record keeping6. Cloud Storage Number 3 App is DropboxThis is one of my favorites, all our client’sdata are saved on this app. We can easily go to any client’s folders and findany documents that was previously saved. For instance, one of our clients inNumber 4 App is SlackAnother favourite app that we useeveryday. I have nothing against email however, if you have 100s of clients andsend numerous emails, good luck finding a specific information in those emails.Through slack, channels are created, this could be clients name andcommunication about that clients are conducted in that channel. You can easily see what actions needs to betaken, what has been accomplished and so on. It is so great in case an employeehas left, the new employee in charge of the file can see the whole documentedhistory. Numetricacity.ca