Online Tools Help You Know Where Your Money Is Going

Dawn
Jun 24, 2024
Online Tools Help You Know Where Your Money Is Going

While the goal for your business is to generate a profit, maximizing that profit is key, and it can be made easier and more efficient when you track your expenses and stay on top of all the places your money is going. It is important for you to remain knowledgeable about where the money for your business goes so that:

·       You can budget: Create an accurate budget that you can actually stick to by knowing what each vendor, supplier, and insurer charges. Stay cognizant of your daily operating expenses, your general overhead costs, payroll costs, and all other charges that you’ll have to pay over the course of the quarter and year.

·       You don’t waste money on fees: Late fees, omitted payments, interest charges, and other penalties are a waste of money. Even though online payment options are available to keep your bills up to date, many of them incur transaction or service fees.

·       You don’t overspend on inventory, supplies, and essentials: You spend money to operate your business, but do you know if you’re spending it all as wisely as possible? Staying abreast of the going rates for all the businesses you deal with will help reduce the chances of overpaying for services and products that could be found less expensively elsewhere.

·       You can forecast future growth: Make more accurate financial predictions by staying on top of cash flow, seasonal changes in revenue, and expenditures.

·       You can make the right number of hires: Staying on top of all costs, including payroll costs, alerts you to how many hires you can add to scale with your company.

·       You can simplify and improve tax preparation: Keeping track of the items you spend money on helps you better prepare your tax filings, as well as share with your accountant a more comprehensive list of expenditures that may be tax-deductible.

Online check printing and mailing through Checkeeper helps keep you in the loop with where your money is going:

One monthly fee

Avoid the unexpected charges and add-ons that other online services charge. Checkeeper charges one flat monthly fee, with no contract or long-term commitment. Not sure? Try it for free for 14 days.

Automatic recording of all checks created

Never forget to record an issued check again. Checkeeper automatically records and stores a complete history of every check created that you can print, download, or share with your accountant anytime you need.

Searchable registry

Checkeeper’s search registry can locate a check according to any check field—even the memo. Need to research a payment? Settle a disputed amount? Reconcile your accounts? Instead of pouring over paper ledgers and registries, simply search for the created check according to any payment search data you have.

Integrations with accounting applications

Checkeeper is compatible with many other online software for accounting, payroll, and financial management. Convert unpaid invoices directly into check payments; sync payment data automatically; connect Checkeeper to your payroll to create and issue printed paychecks for employees.

Remote access with real-time updates

Online, cloud-based services make real-time financial management easier because you can be connected to your accounts and transaction records from anywhere you work, live, or travel. With nothing to download, update, and maintain, Checkeeper is not device-specific: your account can be accessed through any mobile device or laptop, and checks can be printed on any check stock from your home or office printer. Don’t have access to a printer or mailing supplies? Checkeeper can print your needed checks and have them in the mail the same business day according to the priority mailing method of your choice.

Checkeeper keeps users in control

Stay on top of your finances and spending by adopting the right online tools for financial management. Checkeeper integrates with many widely-used accounting and payroll software to make customized business checks on demand, or it can operate as a stand-alone service for all your professional check printing and mailing requirements. Authorize additional users, if needed, and create an approval workflow system so that large and important payments can receive authorization before being issued. Export a complete history of every check created when you need to update your records or share with your accountant.