Keeping track of your finances is a vital part of running your business. But with the increase in remote working and flexible hours, it’s becoming increasingly important to be able to stay connected wherever you are. 

It can be difficult, especially as your business grows, to stay on top of all the different income, expenses, and invoices between you and your customers. 

An easy solution to this potential headache is to invest in an easy accounting app like Countingup’s mobile accounting app. 

Let’s take a look at some of the useful features an accounting app has that could make your small business’ finances as easy and pain-free as possible, wherever you are. 

Specifically, a mobile accounting app, like the Countinup business app, can give you benefits like these:

  • Instant access and notifications
  • An app built into your business accounts
  • Make fewer mistakes
  • Make invoicing easier
  • Real-time profit and loss information
  • Automatically categorise transactions
  • Receipt capture
  • Tax estimates
  • Share information with your accountant
  • First class support

That’s a lot of work coming from one simple app, but it’s easy to use and can make your finances a lot simpler. 

Instant access and notifications

WIth an accounting app downloaded onto your phone, you’ll get instant notifications about your business accounts wherever you are. You can check your accounts at any time, so you’ll never be out of the loop. 

Having access to your accounts on the go is a huge advantage, especially if your work involves a lot of travel. It’s simple and easy to keep on top of your finances, no matter where you are. 

An accounting app and business current account in one 

You’ll already need a business current account as a business owner, so it makes sense to have one that comes with accounting software. 

Having a separate business account used to be one more thing to manage, but a business account like Countingup comes with an accounting app that will actually reduce your workload by taking care of a lot of the tedious aspects of small business bookkeeping. 

All your financial information will be in one place, directly linked to your bank account, that you can download onto your phone and keep an eye on wherever you happen to be. 

Make fewer mistakes

It’s easy to make mistakes when recording all your business’ income and expenses. Things can be incorrectly recorded, or even forgotten entirely. Simple mistakes like these can cost you time and money. And the chances of a mistake will only increase as your business grows.

Downloading an accounting app like Countingup will remove the chances of mistakes by automatically recording any amount that goes in or out of your business account. 

Make invoicing easier

Accounting apps, like Countingup, allows business owners to create custom invoices from their phone. 

With the Countingup app, you can: 

  • Create an unlimited number of customised invoices.
  • Add a logo to invoice templates.
  • Send invoices to customers on the go.
  • Receive a notification when an invoice is paid.
  • Match a payment to an invoice.
  • Duplicate an invoice.
  • Change an invoice’s due date.

For more details on Countingup’s invoicing feature, check out this guide about how to invoice clients.

Real-time profit and loss information

Because accounting apps like Countingup keep a digital record of all your transactions. You can just check the app for live and accurate cash flow insights at any time. 

It’ll show you where you’re losing money, and where your main profits are coming from, so you can make the best future decisions for your business. 

Automatically categorise transactions

The Countingup app has automatic expense categorisation and a receipt capture tool that make it easy to keep an accurate, digital record of your different business expenses, such as:

  • Home office
  • Travel expenses
  • Miscellaneous expenses

Keeping track of deductible expenses as you go will save you loads of time on your taxes, and it’s easy to do with Countingup’s receipt capture tool 

Receipt capture

The receipt capture feature lets you record and store receipts, and organise them according to different clients. As long as you have your phone, you can snap a shot of important receipts and they’ll be permanently stored. 

This will save you loads of time, you won’t have to keep paper copies that could get lost, and all the information you need for tax season will be safe and readily available. 

Tax estimates

Countingup’s mobile accounting app will actually track your monthly income throughout the year and show you tax estimates. 

This will save you time when tax season comes around, you’ll know exactly how much to set aside throughout the year, and you won’t be caught out by any nasty surprises. 

Because Countingup’s mobile accounting app is with you wherever you go, you can double check your accounts before you make any big financial decisions that might affect your taxes in a significant way. 

Share information with your accountant

As a small business owner, you’ll immediately see the benefits of a mobile accounting app. But, your accountant will appreciate it even more. 

You can allow your accountant access to all your financial records, meaning less of your time wasted gathering the information they need, and less of your accountant’s time wasted pouring through it all. 

Because it’s on your phone, you and your accountant can look at the same information no matter where you are, meaning faster, more efficient communication between you and you accountant. 

First-class support

Mobile accounting apps like Countingup offer first-class customer support. 

If you’re ever having any trouble, you can check out the Countingup website where you’ll find detailed articles to help you solve any problems you might be having, and detailed troubleshooting instructions that will walk you through common questions in simple steps. 

If you still have questions, there’s a dedicated Customer support team on hand Monday to Friday to help you out with any issues you might be having.

Just send an email to the Countingup support team from the very same phone where you’re using your app.

Keep track of your finances with Countingup

The Countingup mobile accounting app makes it easy to manage all your financial data in one simple app. The app comes with free built-in accounting software that automates the time-consuming aspects of bookkeeping and taxes.

All the benefits and features we’ve talked about here can be yours in one easy-to-use app. Seamless, simple, and straightforward.

Find out more here.