How to manage your finances on the move
Once upon a time mobile phones were only good for one thing:
phone calls; and sometimes they weren't even any good at that. Now
phones are so sophisticated you can run your company finances on
them. Read on for our guide to mobile accounting.
Smartphones and accounting software have both evolved to the
degree that entrepreneurs are able to keep their business'
financial information up-to-date with a few taps of a touchscreen
or qwerty keyboard. That would have sounded crazy just a few years
Despite the pace of development in mobile software applications,
however, phones are still essentially still constrained by their
size (particularly their screen size) and by the fact that it is
still easier to type on a full-size keyboard.
So when you pick mobile accounting software, consider how you
will use it and be sure that it is designed properly with mobiles
in mind. A trimmed down version of the full-fat version is not good
enough; it needs to be specially designed to work on the go.
The growth of cloud computing in the last few years has led to a
diverse range of cloud accounting systems, which let you access
your finances online through any browser. A BlackBerry
PlayBook is just the thing for bean counting. It's screen,
which is much larger than any smartphone makes managing finances on
the move much easier.
In many cases, mobile accounting software comes bundled up with
standard desktop software, so it's important to research mobile
versions when you buy the standard package. If you do need to pay
for bolted-on mobile software, however, ask yourself if the benefit
is worth the money, or consider switching to another brand.
Whether you're looking for combined or stand-alone software
there are a few factors to consider, including:
- How user friendly is the software?
- Can you manage projects and documents?
- What payment gateways is it compatible with?
- Does it work with different currencies?
- How easy is it to raise and send out an invoice?
- Can you create and share reports trouble-free?
- What support structure is in place?
The pros and cons of each of these will matter more to some
businesses than others. It's a simple case of figuring out what
works best for you. Spend some time on this task and you could find
yourself figuring P&L on the bus in no time.
#MWW offer: share minutes with your
As part of Mobile Working Week, BlackBerry
and O2 have teamed up to offer Smarta readers an exclusive offer.
To find out how you can share your minutes for free, click
For more information about how BlackBerry can help
your business go to www.blackberry.co.uk/sme
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