Managing our financials this time of the year very often makes us dive headfirst into the annual VAT return or annual Return of Trading Details (RTD). We often get into the rush of it without thinking twice if there is a simpler and quicker way to reach the goals we are after when it gets busy.
So, here’s the real question: Are you ready to learn how to make the most of your online accounting software beyond just the basics?
In the rush to get things done, we forget that cloud accounting software is designed to do so much more than just balance the books. By exploring its hidden features, you could significantly simplify your workflows, gain valuable insights, and free up more time to focus on what truly matters – growing your business.
The Cost of Overlooking Features
We’ve all been there – racing against the clock and trying to tick the boxes off the list as quickly as possible. However, what it often causes us to overlook how powerful the software we use is actually. Features like automated reports, real-time data, or integrated payment systems might seem like extras, but what they really do is save you hours when you take the time to explore them.
For example, SortMyBooks’ Purchase Invoices Report makes it easy to stay up to date with outstanding balances, significantly simplifying the payment process. But did you know your software might also help with:
- Generating VAT returns automatically?
- Connecting your bank with your software through automated bank statements import?
- Streamlining your annual Return of Trading Details reporting Annual Return of Trading Details (ARTD) Report?
The key is to pause, explore, and understand what’s available.
Turning “Extras” into Everyday Essentials
It is worthwhile getting yourself familiar with your accounting software as it is a toolbox with “extras” that will make your job faster, easier, and more accurate.
For example, some overlooked functions in SortMyBooks that could transform your work include:
- AutoEntry Integration: Capture and upload receipts, invoices, and bank statements directly and reduce manual data entry, saving time and minimizing errors.
- Plaid Integration for Live Bank Feeds: Connect to various Irish banks and automate bank transaction imports, ensuring that your financial data is up-to-date without manual uploads.
- Advanced Reporting: Reporting tools allow users to generate detailed financial reports in a fraction of time creating time and space for informed decision-making and strategic planning.
The Power of Real-Time Data
One of the biggest game-changers is having access to any financial data in real time. No more waiting until the end of the month (or longer!) to figure out where you stand.
With information being available to you at any point of time, you can finally make better decisions on the spot, whether it’s planning for growth, cutting costs, or seizing an opportunity.
Focus on Efficiency, Not Just Speed
It is still early in the year and there is time to step back and evaluate how you’re using your accounting software. Don’t let the rush of day-to-day operations keep you from discovering tools that could transform the way you work.
Whether you’re all about simplifying the processes or automating your workflows, every small step you take toward better efficiency is a step toward greater success.
With SortMyBooks, you’re not just getting software – you’re gaining a partner in financial clarity and growth. Ready to see what’s possible?
👉 Take our Quiz and Book a Discovery Call 👈 with us and let’s see how we can help.
Aileen @ SortMyBooks