business software for entrepreneurs

A Business Software Guide for Aspiring Entrepreneurs

As an entrepreneur, getting your startup off the ground is your main priority. As a result, many entrepreneurs look towards the vast world of business software in a bid to get the gears of their business grinding. Software is a fantastic way to streamline business processes, cut down on paperwork, and ensure that all your data and business records are accurate. In today’s article, we have a look at some of the top business software that aspiring entrepreneurs need to start utilizing ASAP. Read on to find out more!

Invoicing Software

Invoicing is part and parcel of running any and every kind of business. Invoicing also forms the foundation of running a successful business. This is why it is always recommended that aspiring entrepreneurs utilize invoicing software by MYOB business solutions. Letting software handle your invoices is a fantastic way not just to streamline and automate your invoices but also to ensure that you can easily keep track of pending accounts or late payments. Identifying poor customers who don’t pay on time can be the difference between your business going in debt or thriving. Invoicing software is also a secure and organized way of handling your invoices and ensuring that accurate records are kept come tax day.

Payroll Software

Unless you’re planning on running your business solo, chances are you are going to be employing at least a small team of staff to run the business. Whenever working with employees, you must pay close attention to payroll and issues such as Single Touch Payroll, which is now mandatory for all businesses, big and small. Payroll software is an easy solution to ensuring that you are sending payroll reports to the ATO when needed, as the entire process can be automated for you. Payroll software also provides that employees are paid on time and have access to their payment records and history should they need it.

Document Sharing Software

If you aren’t already utilizing document sharing software, we urge you to look into it. Software such as Microsoft Office is an integral part of running a successful business. This powerhouse of software enables your staff to share documents, information, and essential spreadsheets with one another seamlessly. Documents can also be stored in the cloud for easy remote access from any computer or device. Whether it is everyday daily tasks or complex business operations, document sharing software is the best way to ensure your business is as efficient as possible.

Automated Accounting

Accounting is one of the essential processes of running a successful business. Sadly, accounting also requires a lot of manual labor and hours. More and more companies are now shifting towards automated accounting software to free up staff hours and increase overall business efficiency. Accounting software forms the crux of your business’ financial health and is something that every entrepreneur should look into if you are looking to streamline business processes further.

Photo Editing Software

If you are looking to save costs on hiring professional artists or graphic designers, we highly recommend that entrepreneurs utilize photo editing software such as Adobe Photoshop or Adobe Lightroom. Not only will this expand your skillset, but being able to create logos, banners, and other media is an excellent way of saving on costs while still being able to churn out what you need. Photoshop isn’t incredibly difficult to master for basic applications, and you can always refer to Youtube videos or online courses if you’re looking to develop your design skills.

And there you have it – the business software programs that every entrepreneur should be making use of in 2020. We hope that this piece has inspired you to go out and purchase some new software that will help your startup soar towards success.

The following two tabs change content below.
George Meszaros is the editor and co-founder of Success Harbor where entrepreneurs learn about building successful companies. Success Harbor is dedicated to document the entrepreneurial journey through interviews, original research, and unique content. George Meszaros is also co-founder of Webene, a web design and digital marketing agency.