When it comes to taking care of your finances, spreadsheets and Word documents only work for so long before you find yourself drowning in paperwork. Savvy tutoring businesses understand the importance of having accounting software in place right from the word go and really see the benefits in the long-term. In this post, we’ll look at some of the main reasons why your tutoring business needs accounting software to handle your finances.
Less Room for Accounting Errors
Manually inputting data into spreadsheets inevitably means that some information will be incorrect. Even the smallest of typos in accounting can throw a company’s books way of course and if errors go undetected, a company’s finances can end up being under or overestimated. With TutorCruncher's easy to use accounting, there’s virtually no chance of businesses producing erroneous financial figures. Our system allows you to automate your invoicing and payroll, run reports on financial data and work out your tutoring VAT costs , all at the click of a button. Our software is designed to streamline and automate your accounting process, ensuring that your finances are accurate and that your stress levels are kept to a minimum.
Easy Access to Financial Data
The problem with keeping manual records of your finances is that it’s difficult to see the bigger picture when there’s so much work involved at ground level. If all your time is spent chasing up student and parent invoices and worrying about cash flow, you’ll soon find yourself working through an endless pile of tasks just to keep up to date with your accounting. Because TutorCruncher’s accounting software streamline’s your whole accounting process, you will spend less time worrying about invoices and more time counting the zeros. Our software provides a clear and accurate overview of your financial situation at the click of a mouse, which enables you to make better business decisions in the long-term. In order to grow your tutoring business, you need to know what your current financial situation is like first before you can make projections for the future.
Time and Cost Savings
The amount of time that goes into manually recording financial data soon becomes overwhelming, even for the most mathematically-minded business owners. The more time you spend working out your finances, the more likely you are to start making mistakes, which in the long run only ends up costing you more money. With TutorCruncher’s accounting software for tutors, you’ll find yourself with more time on your hands to spend elsewhere in your business. Our automated invoicing and payment system means that sending invoices, requesting payment and paying tutors is all taken care of quickly. Our system will streamline your accounting process, so that you get paid from parents quicker, can pay tutors quicker and have more available cash to invest into growing your tutoring business. ** Enables Business Growth The less time you spend pouring over spreadsheets with heavy eyes, the more time you can devote to driving your tutoring business forward. Growing a tutoring business isn’t just a question of time; it’s about having all the resources you need all in the one place, whenever you need them. With TutorCruncher’s accounting software, you will have access to student records, tutor profiles, unpaid invoices, overdue payments, data reporting and VAT information all in the one database. Having all this information at your fingertips enables you to see the bigger picture and identify any gaps that that can help you make more money. And best of all, you don’t even need to be in the office to access all these resources. With TutorCruncher’s cloud-based accounting mobile app, you can access your financial data from anywhere, meaning you can make decisions and take advantage of business opportunities as soon as they present themselves. _ How do you handle your tutoring business’ accounts? Are you still using spreadsheets and Word documents? What do you see as being the biggest benefit of using tutor accounting software? Share your thoughts below.