![]() ![]() Once pushed into the accounting system, the receipt is maintained in the cloud, acting as your digital filing cabinet so that you can throw away the receipt. This is especially great if you are finding yourself drowning in credit card receipts. You are able to integrate expense management tools such as Receipt Bank which automates a majority of manual data entry using Optical Character Recognition technology. Cloud-based accounting software makes this Herculean task less daunting through the connected app ecosystem that enables you to find the right tool to solve your specific business problems, while pushing important accounting related data into the accounting system. With a large volume of receipts and transactions, handling accounting for a fast-growing business can be a significant undertaking, particularly when you’re busy cultivating your business. The use of cloud-based accounting software brings significant efficiency to this historically mundane and tedious task.īelow are five reasons why your startup should adopt cloud-based accounting software today. Unfortunately, if your books are not in good shape, you might find yourself in a position where you need to do a lot of catch up work if you need to file taxes, apply for loans, or pitch to investors. With so many small businesses competing for marketshare, it takes a truly exceptional business model to rise to the top. ![]() ![]() The climate for start-ups is notoriously competitive. ![]()
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