Three basic rules apply to every business; have a plan, commit, and do the math. There’s a few more things to consider but running a business – a successful business – largely depends on the figures. If you’re not making money, you’re not running a business, and no-one gets into business to be broke.

You don’t need to worry if you’re not a math champion either. There are plenty of accounting apps and software solutions for all sizes of businesses.

Finding the right accounting solution for your specific business and the way you operate – will mean efficient business too, and when you’re using the right program, you’ll have more time to focus on generating business and moving the mountains you need to.

Here are a few things to consider when you’re looking for the best accounting solution for your business…

Cost

For start-ups, freelancers, solopreneurs and small businesses, every invoice counts. The incoming and outgoing have to balance, and that means tight budgets and stringent spending, so it’s important to find an accounting solution that you can afford with the bare essential functions that you need now.

When the budget permits and your business grows, ramp up your accounting program. Most accounting programs have varying levels of monthly membership to suit every stage of business and all kinds of uses.

Bank feeds

Most accounting apps and software solutions integrate with your bank feeds, which means every single expense on your business card is tracked and categorised so you can spend less time balancing the books and searching for lost receipts.

If the software you’re considering doesn’t have a bank-feed integration function, steer clear – it’ll end up costing you more time and money in the long run.

Ease of use

Some of us are technical wizards, and some of us prefer old school methods, and neither is right or wrong. Choosing the right accounting software is a personal choice, and they all operate differently.

If you prefer to work on the go, find an app that you can use from your phone, or if you prefer to sit down on a Monday and cross off those lists, make sure you find an accounting program with a desktop function. Every dashboard is different too, and some are more advanced than others. The key is finding one that you find quick and easy to use because your time is best spent elsewhere.

Integration

There are hundreds of business apps and integration tools, possibly thousands, but the only thing you need to be aware of – is if your accounting software integrates with what you need. Some integrate with Salesforce, some integrate with ServiceM8, some don’t integrate with any other apps at all, and this capability may also affect what you pay for it.

What’s important, is to make sure the software you choose, can do what you need it to do, and every solution will list what it can and can’t do, or what other programs it can and can’t integrate with, under the list of benefits.

Now that you’re aware of what to consider when you’re searching for the best accounting software for your small business, it’s time to take the plunge into the numbers pool.

The water gets warmer the more you swim in it, don’t worry. Australia’s top accounting programs are MYOB, XERO and QuickBooks, all of which have different functions, features and fees. Consider the pro’s and con’s first, and what works best for own business, and relish in the math.

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Siddharth Vadasseri
01:56 19 Jul 18
I've had the pleasure of working at Creative Cubes since it opened, and what I've loved most is that it isn't just desk space. Working here feels like being part of something. Every day you're surrounded by people pursuing their own endeavours, but doing it side by side in a community. The space itself is so well thought out and aesthetically pleasing, but beyond the beauty on the surface there is a depth here. The members are fantastic, the founders are involved and accessible, and the 'Happiness Team' provides a quality of customer service like no other co-working space I've been to. AND, it's pet friendly!
Judy Anderson
00:34 17 Jul 18
The 'Happiness Team' is what makes this co-working space stand out for me. I've worked out of several co-working spaces across Australia, Singapore & San Francisco. The customer experience at Creative Cubes is the best I've come across. For example, a happiness team member will physically walk to my desk to let me know when a guest has arrived, because they know I'm not always going to see the email notification. Sometimes they even buy me time if I'm running late! Brilliant.
Kristen Holden
02:32 17 Jul 18
The team at cubes are amazing and the space is modern and funky. They have a great mix of different businesses working in the space so the vibe is top notch as well. Would definitely recommend going down and taking a look for your office space or next event!
Lets Mingle
02:38 29 Jun 18
This is one of the best co-working spaces in Melbourne! Loved my time here. Great vibe, great people and great location. The happiness team go above and beyond to ensure the experience of rocking up to work is an enjoyable one! 5/5 from me!
nicole iglicki
00:26 17 Jul 18
Love this co working space.It offers both independent offices and or communal co-working space which is designed to collaborate with other members. It is decorated perfectly and the internet is fast! The Happiness Team also go out of their way to make you feel comfortable and will meet all your required needs.
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