Tired of data input?
Do you find typing up your purchase invoice and receipts time consuming? Or perhaps you misplace the receipts so you can't claim them? Well, we have a solution for you enabling you to save time on data entry and essentially have more accurate accounts. All you need to do is take a picture through a free app on your phone or tablet and it will extract the information from the invoice such as date, amount, VAT if applicable, and who the supplier is. For multiple invoices you can scan in in one go and any invoices that get sent to you via email you can simply forward on by email with the same end result. If you want to save time inputting and potentially gain more insights into your business spending habits, then this could be a great solution for you.
We can also build tools at Dodd & Co that can take information from third party software such as PayPal, Stripe, sales booking systems like Booking.com or Hotels.com etc and convert it into a format that will allow you to upload into your accounting system easily to save you time and help to increase accuracy.
Use a till, did you know they can talk to your accounting system?
An Electronic Point of Sale (EPOS) system is must have equipment for modern day businesses. An EPOS system is basically a modern till system that features a combination of computer hardware and software designed to help you run your business better.
Much like a normal till system, you can make a sale, also process a payment and record your transaction. Where it differs: An EPOS system can talk to your accounting software, thus saving you time from not having to record your daily sales manually.
By electronically recording all your sales information you can also increase the reporting capabilities and be able to see what is and isn't working for your business.
You can track sales by your specific product and services and monitor volumes which allows you to plan stock based on current trends and seasonality.
Have you thought about email marketing to increase sales?
When someone purchases a service from you, whether it's a night's accommodation, an activity or dinner reservations, it is most likely you will obtain a few basic details from them such as name, email address and sometimes postal address.
Technology these days will allow you to send out the same email to multiple email addresses at once without the others seeing who has received it. This allows you, as a business, to do specific marketing campaigns. Not only are you keeping your business in their minds, but you can see stats on the email campaign, with the number of people who opened and read the email, number of people who clicked on any links provided, then in turn you can see how effective it is by seeing if the number of bookings increase.
There are lots of email marketing tools out there, even some free ones.
At Dodd & Co we have experience of integrating these systems so if you would like further information please contact us.
By Kristina Gash (Cloud Accounts Manager)