Overcome Business Financial Management Problems with Journal Accounting Software
Currently, there are many vendors offering accounting software products with the lure of solving all business financial problems. One that can be an option because of its various advantages in solving financial problems is the Journal. # 1 online accounting software in Indonesia has full features which of course can be adapted to your type of business.
a. Difficult to track advantages and disadvantages
A problem that is often found is that business performance is not measurable. Business people don’t know whether profit or loss, whether cash flow is surplus or deficit. It could be that the money obtained from businesses is used more for personal purposes so that it is not enough if capital expenditure is used again or unable to pay for business operations. Then your business will close.
You can see business performance and conditions in one dashboard in the Journal. Making it easier for you to see business conditions anytime and anywhere. In addition to the dashboard, you can also make complete financial statements ranging from balance sheets, cash flows, changes in capital, profit-loss, purchase-sales, to a complete inventory report. So there is no more difficulty in assessing your business performance.
b. Owe a lot
For many businesses, if the business lacks capital or a profit deficit, the solution is to owe. And usually when businesses borrow money, the amount is not kidding. If you owe it to individuals, maybe the problem of interest is not something to think about. However, if the loan is an official entity such as a bank and non-current payment installments, the interest pile will increase and more difficult to pay. This also applies to business people who borrow money but are not good at turning it around so that it will still interfere with business.
Now forgetting to pay debts and collecting accounts will not happen again if you use the contact list and invoice reminder features from the Journal. With these two features, you can set a maximum limit of customer receivables and debt to suppliers, thereby reducing the risk of uncollectible receivables or unpaid debt.
c. Do not Have Good Bookkeeping and Reports
Business is not just counting expenses and income. It is not enough to assume that every money coming in is income, money going out is a cost and the difference is considered profit. Finance has a more complex system. Business people need to calculate profit and loss, make a balance sheet, changes in capital, neat cash flow, inventory data and so forth. This is often considered troublesome because of the many processes that must be carried out. However, by making good books and financial reports, every transaction in the business can be clearly known.
This hassle can be easily overcome by the financial reporting features of the Journal. You only need to record each transaction in the Journal, and the system will prepare all financial statements in realtime with more accurate data. You can also manage recurring transactions, so that all transactions that occur repeatedly every month will be scheduled automatically, thereby saving more time and reducing the risk of errors in recording
d. Difficult to Access Financial Statements
This is common in business people who still use accounting applications offline. All data entered will be stored in a computer that is in the office. So it will be difficult to access financial data whenever and wherever needed. Though a businessman must know and monitor every movement and velocity of the financial flow of his business.
You don’t need to wait for the end of the recording period to get a report on business performance. With Cloud computing journal based software that combines computers and the internet, you can conduct business activities anytime and anywhere with realtime data.
e. Difficult to Evaluate
In the absence of clear financial management, business people will grope what happens to the business. If you do not know what is happening and how the developments in the business, of course it will be difficult to evaluate. Though this needs to be done. Because if the evaluation is not done then the problems that occur in a business will be even greater and more difficult to overcome. It is better to do a routine evaluation, especially financial problems, both daily, weekly and monthly evaluations.
The journal presents a complete, accurate and fast report. You can view and monitor all transactions to evaluate and make appropriate business decisions. In addition you can also find out where the error lies, so you can evaluate and make a more appropriate business plan.