Many tradies are now opting for paperless and cashless transactions. This significantly improving business operations and cash flow, saving time and money. Some tradies still haven’t realised that time spent sorting out or searching for documents has a negative impact on their business.
Replacing your invoicing system with a paperless or online version is a great way to start. With an integrated invoicing and accounting system your business could save hours each day. By reducing the paperwork involved in filling out job orders, invoices and statements, you’ll effectively be increasing your billable hours. You or your subs will no longer need to check into the office at the beginning and end of each day to complete endless paperwork, freeing up more of the day for time on the tools making money.
A major benefit of going cashless is that by offering credit card payments to your customers you get paid instantly. Whilst there is a small transaction fee involved, the benefits far outweigh the costs. Not only will you get to save time but also your business will have a healthy cash flow.
Most clients also want their transactions done online so this also offers them a convenient way of transacting with your business. When you see how this functions it is less demanding, speedier to automate exchanges with your customers and all other people you deal with.
By going paperless, tradies are able to better manage the day to day jobs. As opposed to writing out job sheets by hand, through cloud applications you are able to send jobs to subcontractors’ mobile phones and track their progress in real time.
Planning to go paperless or cashless? At The Tradie Accountant, we can help you streamline your operations saving you valuable time.
For more information, you can contact us here. Alternatively, our consultants love to have a chat and you can give us a call on 1800 95 75 85.