Introduction
For business owners and freelancers, the time it takes to send invoices and check payments can be a drag. It's even worse when you're traveling or in between offices; getting paid on time becomes more complicated. Of course, you don't have to use pen and paper for everything related to invoicing and financial management! There are plenty of tools out there that make it easier for small businesses to automate their workflow. In this article, we'll take a look at some of them:
Where to begin?
Start by looking at your current processes. Are there parts of your work that are most time consuming and could be automated?
Look for ways to automate those tasks. You might not have the coding skills or infrastructure to build something from scratch, but there are many services that will do it for you.
Think about how you can improve on what you already have: does the tool need an update or perhaps a new feature?
Designing a business system that works.
Before you can automate and elevate, you need to design your ideal business system.
Define your business goals and targets
Define your ideal customer
Set a budget (and stick to it)
Automate invoices and payments with Yodlee
Yodlee is a financial data aggregation platform that allows you to connect your bank accounts and credit cards. You can then use Yodlee to automatically create invoices, receive payments and reconcile transactions.
Yodlee is free to use with no setup fees or monthly charges. It's also compliant with all major payment networks including Visa, Mastercard and American Express.
Create timesheets with Yodlee
Yodlee is a cloud-based financial data aggregation service that provides businesses with access to their client's spending habits and preferences. The company's time tracking feature allows you to track your time and expenses, so you can see where all of your money is going. Yodlee integrates with many popular apps, including Expensify and Quickbooks (which we'll get into later).
Yodlee is free for up to five users or accounts; after that it costs $9 per month per user or account beyond the initial five users or accounts
Automate expense reports with Expensify
Expensify is a cloud-based software that helps you track business expenses, so you can easily bill your clients and get paid faster. It's free to use with some limitations, but if you want more features or need it for personal use, there are plans starting at $5 per month.
The interface is simple and easy to navigate; all you have to do is take photos of receipts using the app or upload images from your computer after scanning them in. You can even connect Expensify with other apps like Google Drive or QuickBooks Self-Employed so that everything gets synced automatically without any extra work on your part!
Reviewers say this tool makes it easy for them "to stay organized" by allowing them "to easily categorize expenses according to type," which makes reporting easier too because everything stays organized within one platform instead of being spread out across multiple ones (like email inboxes).
Import data from other apps into the system with Zapier
Zapier is a tool that lets you automate workflows between apps. You can use it to create custom workflows and custom apps, or you can use pre-built ones like this one:
**Import data from other apps into the system with Zapier**
If you have data in another tool that needs to be imported into Invoicera, this is a great way to do it.
The right tools can help streamline your invoicing and financial management processes.
Automating financial management is the first step in streamlining your invoicing and payments.
You can use a tool like Bonsai to automate your invoicing, payment tracking, and expense reporting.
The platform allows you to import data from other apps into their system so that all of your information is in one place--and it's always up-to-date!
Conclusion
We hope that this post was helpful in showing you how to automate and elevate your invoicing process. By leveraging the right tools, you can streamline your business systems and make them more efficient. In the end, this will help with not only efficiency but also productivity as well!
