What is accounting? Believe it or not, the answer—and the perception of what accounting can be within a business—is evolving. Accounting today isn’t just about keeping your business’s books—though that is undoubtedly still one of its functions. On the contrary, thanks to online accounting software like ZarMoney, accounting automation is serving applications that reach far deeper into a business’s operations, customer interactions, and overall bottom line. Here, we will look at some of the most innovative things happening with online accounting software.
Cloud-Based Accounting Software
Perhaps the most significant change in the accounting world in recent years has been the rise of cloud-based accounting software. Cloud accounting apps such as ZarMoney get your business’s financial data out of spreadsheets and ledgers and into an online-based suite of software tools. From there, it’s possible to access your financial data from anywhere, via any device. This freedom of access helps foster better communication and collaboration on financial matters within your organization or with your accountants. Add some of the features that cloud-based accounting software brings to the table—such as scheduling accounting tasks and syncing them with your Google calendar, or establishing custom workflows—and it’s no surprise that so many businesses are jumping to the cloud.
What is automation, and how does it apply to accounting? In essence, the meaning of automation is a system or process that automatically carries out tasks that previously would have had to be performed by a person. Across all industries, automation is currently helping streamline repetitive, menial tasks—saving businesses time and letting them focus their efforts on higher-value propositions.
ZarMoney is popular among businesses in part because we have incorporated numerous automation tools into the mix. For instance, say you are ordering new product inventory but only receive a partial shipment on a purchase order. ZarMoney can automatically split your bill so that you are only paying for the inventory you received. Another example of automation in our software plays into customer communication—an essential but difficult-to-manage facet of accounting. The software keeps track of customer orders and order statuses, automatically sending them notifications (via text or email) when there is an update to be shared. Features like these save you money, keep your books straight, and help you serve your customers more satisfactorily—all without adding time or responsibility to someone’s daily agenda.
Automation also helps to support another key feature of ZarMoney, which is the possibility of pre-payments. Many older accounting software programs didn’t support pre-payments. They would get confused if a customer put down a deposit or made an early payment on a good or service. It was easy for those pre-payments to get lost somewhere between the initial purchase order and the final invoice, sometimes resulting in customers getting double billed. ZarMoney makes accepting pre-payments a breeze. Once the pre-payment is on record, our software applies it seamlessly to any future invoices related to that order.
Try ZarMoney Today
What does ZarMoney mean, you may ask? The ZarMoney definition is grounded in the word “zar,” an ancient word that just means “gold.” We named our software ZarMoney because we wanted it to be the “gold standard” among all cloud-based accounting programs. We believe we’ve succeeded, but don’t take our word for it. You can get a full-featured single-user ZarMoney plan for free, without even needing to have a credit card number on file. Try ZarMoney today and experience the innovation of modern accounting software.