What Can You Automate in Your Business Finances?
Running a business is a lot of work, but there are ways to make things easier!
One of the best ways to save time and reduce stress is by automating parts of your business finances. Here are a few things you can automate:
Invoices – Set up recurring invoices for regular clients.
Bill Payments – Set up automatic payments for regular bills and subscriptions.
Transfer Money Between Accounts – Set up automatic transfers to move funds between business and savings accounts.
Payroll – Automate payroll processing, so employees get paid on time every time.
Credit Card Payments – Automate credit card bill payments to avoid late fees.
Expense Approval Workflows – Set up automatic approval for regular expenses to speed up decision-making.
Recurring Subscriptions – Automate the tracking and renewal of subscriptions to avoid unexpected charges.
Loan Payments – Set up automatic payments for business loans to ensure you’re always on time.
Big Spend Alerts – Automate alerts for large transactions or unusual spending to keep an eye on your money.
Tax Reminders – Set up automated reminders for upcoming tax deadlines and filing dates.
Cash Flow Reviews – Set up reminders to regularly review your cash flow and budget, ensuring you stay on track.
Recurring Expenses Review – Set up a reminder to review recurring expenses periodically, ensuring they’re still necessary and accurate.