The Best Bookkeeping And Accounting Software-Waypay | Part 4
Bank accounts, credit cards, payments and due dates don’t always “talk” to each other to make it easy to manage them from one hub. This can make it challenging when running a business to get the big picture overview of what your cash flow looks like and if there are areas you could better optimize to save money. Kindret Business Solutions often uses a piece of software for bookkeeping in Kelowna called WayPay to make this process much easier. WayPay syncs banks, credit cards, and other financial institutions to pay for expenses and invoices all from one online location. It also works in tandem with other online finance tools like Xero Accounting, Quickbooks, and Sage.
What It Does
Avoid ever having to write another cheque by paying electronically through WayPay. Not only does this mean you can avoid having to pay for future cheque books, but it’s also a great way to minimize tracking down receipts and payment records. The software gives you detailed info of any payment action. WayPay will also let you know when a supplier allows credit card payments so you’re able to improve your credit score further and maximize the rewards from the card itself. For businesses that have to make international or cross-currency payments they can be done using the software’s built-in currency converter. Because the converter is always kept up to date with the latest exchange rates you can be sure you’re getting the best conversion possible with every transaction.
Why It’s Worth Looking Into
While a little more simple than some of the other financial software tools we’ve gone over, it’s no less useful. In fact, in terms of learning how to use WayPay, this is one of the simpler tools to implement if you’re wanting to improve your business operations. Save time going to the bank as well—you can make electronic transfers and payments directly from the WayPay dashboard.
Even if this is a tool you never manage yourself, upon login you can always check in on your cash flow to see where money is going to and coming from.
The software is also scalable to make it easy for any business regardless of how large or small they are. Simple tools like this make a key difference in saving time in your day-to-day business routine; making sure everything balances out properly can be a challenge for any business owner. That being said, for those who don’t have the time to learn another tool, Kindret Business Solutions can help quickly integrate the software into your bookkeeping and accounting.