MNP’s cloud-based simplified accounting takes care of every detail while you get back to what matters.
The experience of the COVID-19 pandemic has been stressful and tiring, including for business owners. For almost two years, you have been working hard to understand what the pandemic means for your business, as a hub to take advantage of new opportunities and creating security strategies to protect team members and customers. There were long days leading to sleepless nights, with continued uncertainty.
As the future unfolds in a positive direction, for business owners what you come back to can still mean lots of hours of work. And, after the stress you’ve been through, you might feel exhausted.
A 2021 Indeed survey found that 52% of respondents suffer from burnout. Before COVID-19, 43% said the same thing. If you’re feeling exhausted, it’s time to devote more hours to your day and focus on what really matters. To do this, you need to reinvent the traditional way of running your business.
To get started, start looking at your accounting and bookkeeping. Do you spend hours every week entering data from bank accounts and credit cards? Does payroll take up a significant portion of a workday? Having trouble keeping your accounts payable and receivable up to date?
For most business owners, it’s likely that you answered “yes” to at least one of these three questions. With new tools, you can change the answers to these questions and get on a better track while freeing up more time in your schedule.
Cloud accounting and bookkeeping uses technology to support the time-consuming parts of managing business finances. These platforms connect directly to your bank accounts or credit cards and automatically enter your data, so you are always up to date. Instead of spending hours at your desk entering data week after week, you can get out of the office and spend more time with family or friends.
Technology can also help you with payroll. With just a few clicks, the payroll is a wrap. For some business owners, training on the platform will take longer than the payroll itself, once set up.
The implementation of new cloud accounting platforms also means the centralization of accounts payable and receivable, with tools focused on saving time. Sorting papers and following up with suppliers will only be a distant memory. The platforms allow you to generate and send invoices quickly, with automatic reminders for overdue payments. Plus, you can always see what you owe and stay on top of payments.
As the pandemic continues to unfold, it’s time to refocus on life outside the workplace. The past year has been trying for everyone, and it has given us a better understanding of what really matters. Taking a new approach to accounting and bookkeeping can allow you to devote more time to your week, so you never miss the important moments.
To learn more, visit mnp.ca/ease or contact:
Cam Bawol, CPA, CA
[email protected] | 403-536-5591
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