Essential Accounting Tools for Your Business

What accounting tools do you need to run your business? We talk about your "app stack" for your business, or your firm, or whatever organization you're running. Your app stack is those different applications & tools, & how they interconnect with each other to provide you with the function & the information that you need.

Putting together a comprehensive & effective app stack is going to mean the difference between a lot of stress & frustration, trying to keep up with what's going on in your business, versus having, essentially, a well-functioning, smooth dashboard that you know where to look for the information that you need at that time.

Some of the tools that need to be included in your business's financial app stack include:

Banking: where will you keep your money?

Bookkeeping: how will you track revenue, expenses, assets, liabilities, & equity?

Money in: how are you going to get paid?

Money out: how you going to pay your vendors?

Payroll: how are you going to pay your employees?

Mileage: for those of you who drive, how are you going to track that auto usage for your business?

Documents: how will you collect & process statements, invoices, receipts; all of the documents that go along with your financial transactions?

Forecasting: how will you plan for your business's financial future?

Check out the JWellsCFO Realtor's Guide to Keeping More Money at jwellscfo.com/realtors

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