Best Cashflow App For Your Business

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Best Cashflow App For Your Business
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• Positive cashflow is a business owners best
  friend. Great for business and great for your
  confidence. Unfortunately, tight cashflow is the
  reality for many small businesses in Australia.
  Research shows 51 of start-ups close within four
  years with poor cashflow responsible for 41 of
  those closures.
• Thats a sobering statistic. And we believe an
  avoidable one.

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• With our clients at iKeep, cashflow is high on
  the agenda when we talk accounting strategy with
  them. They ask us to manage cashflow and we push
  back. They get surprised and we get the chance to
  tell them why its better if bookkeepers dont
  touch cashflow.

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• With traditional forms of accounting think
  desktop and multiple manual entry a bookkeeper
  would create a spreadsheet with cashflow
  information. This takes too long to do properly
  and requires somebody to continually update and
  monitor cash in and cash out. Not easy if there
  is multiple transactions and bank accounts. They
  pass this the business owner who doesnt use it
  because the interface is too hard to manage OR
  the information is out of date.

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• Its not an effective solution.
• What we do is advise our clients to manage their
  own cashflow BUT do it smartly using online apps
  that link with the cloud accounting platform we
  are using to manage their accounts.

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• Futrli Get a grip on your cashflow and make
  decisions about your business' future, fast. No
  one likes spreadsheets, and keeping your
  forecasting and reporting up to date can be a
  challenge. Futrli shows you real-time data for a
  live view of business, perfect for business
  owners and advisors. When you view your
  forecasting and reporting as a wall of numbers,
  it's impossible to collaborate over. Integrating
  your future assumptions with current performance
  and using the past as a marker is the only way to
  work..

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• This gives the business owner the cashflow
  information in real time in a spreadsheet version
  or a visually appealing graphic. At a glance the
  business owner gets a current snapshot of the
  cashflow situation. Everything is updated
  automatically so no manual entries which of
  course means more time and money to spend on
  other areas of the business. Also, check out our
  blog on 5 tips to improve your cashflow. 
• And yep! There is an App for that. Here are our
  picks

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• Vistr Has a strong forecasting tool represented
  in a user-friendly graphic. The business owner
  can look ahead and get proactive about managing
  costs in lean times or expanding and
  consolidating in the good times.

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• We find business owners value their bookkeeper
  more if they can help with suggestions to improve
  cashflow. For us, its about guiding them towards
  online solutions that save them time and money.
  The longer theyre in business, the more likely
  theyll need our services so it make good
  business sense to us. For more information check
  out our blog on how can a business improve its
  cashflow.

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• Teach a man to fish and you feed him for a
  lifetime! Speak to one of our experts today to
  get advise on how iKeep can help you best exploit
  these tools.