An optimum small business financial tracking system to enhance performance

1. An optimum small business financial tracking system to enhance performance Flare cloud accounting software is a complete online bookkeeping and small business financial management application that provides the tools needed to track business performance. With income and expense tracking, estimates, financial reports, budgeting, and client income tracking, small business owners get a lot of financial management and insight in one affordably priced accounting suite. This small business accounting software will help keep you organized and tax compliant while providing the feedback you require to stay competitive. Invoice and estimates software If you’re like many, you may be using separate applications to create invoices and estimates (perhaps a word processing template or spreadsheet). When you use Flare financial accounting software, you can create both within the application, and, furthermore, the estimates and invoices are entered in the database for quick search. You can quickly convert and estimate to an invoice, or clone an invoice. Once an invoice is created, it becomes an accounts receivable and is tracked by the bookkeeping system. It’s comforting to know that all data entered in Flare is there when you need, and, secured by robust encryption and automatic backups. Estimates and invoices are easy to create and send. Your customer or potential customer will receive a link to a customer portal where they can view estimates and

2. invoices and make online payments. There are many such conveniences in this easy-to-use cloud accounting software. Financial reports Using this software you will be able to obtain small business financial reports on regular basis. The day to day activities in the business processing has been recorded with the help of bookkeeping software. Those recorded data is analyzed and framed as a report and graphical representation for better understanding. The analyzed data are listed on the dashboard of your account. As soon as you login you will be able to witness the results of various analyses in a detailed manner. You can view the balance sheet, income statement, expenses, cash flow etc which are calculated with the help of this cloud accounting software. These reports are very accurate, and it can be used to bring about progressive changes in the business processing. Financial reports Using this online accounting software, you or your accountant will find running small business financial reports painless. Because all data entered in the system (invoices, expenses, invoice and bill payments, bank transactions) are saved to the bookkeeping software automatically, the information is there for reports. You need only choose the financial reports, choose start and end dates and click “Run”. The report can then be exported from the system as a PDF or spreadsheet. Reports are accurate and can be used at tax time, but also serve to help you monitor business finances and analyze data to find ways to improve cash flow, increase income and reduce expenses. The convenience of cloud accounting software cannot be overstated. Because it resides online and has a collaboration feature, you can share your account with others such as your bookkeeper or employees. Dashboard The dashboard is the heart of system, displaying important financial metrics that you can drill down on to get more detail. In one place, you’ll see account balances, profit and loss, top customers, amounts owed and due. Some information is presented as charts or bar graphs which are easy to understand. With the dashboard, in seconds you’ll know your business’s current financial state. If you want more information, you can click deeper into the accounting system for more information. It’s easy to get back because you are always one click away from the dashboard. Accounting software that fits many business types Whatever the nature of your small business, this software provides easy to use accounting, financial management and analytics that can help you succeed. You could buy software dedicated to your business type. Contractors frequently purchase contractor accounting software. Retailers may purchase dedicated retail accounting software, and, real estate agents often use narrowly focused real estate accounting software. The inherent problem with these is their lack of flexibility. Why use a “niche” accounting application when you can use one application that will handle all of these business types? What if you own more than one business: retail, contracting, and a restaurant? You’d have to purchase

3. three separate niche accounting software packages. With Flare, you manage the finances of these very different business types under one roof. Purchase a trial version You can try it before you buy it. Sign up for a 30-day free accounting software trial. The trial version is a full version, so you can try its features then opt for a monthly or annual subscription. Subscription prices are affordable (less than many accounting software products with similar features). Support is always free, and agents respond quickly to questions.