“The beginning of business is cash. In the end, there should be more cash.” Bo Sanchez
Have you ever struggled dealing with your startup’s expenses, accounting and financial matters? Well then, you are not alone.
In my previous article (Formula for a Successful Business) I talked about how important it is to prioritize and practice the habit of managing the cash flow efficiently.
“Good cash flow management and budgeting can win the loyalty of staff, clients and suppliers. It can bring you new business as you know when you can afford to grow. And most importantly it will keep you sane.”
Putting up a business is hard but working on its sustainability is even harder.
I am sure you are no stranger to the many complicated financial tasks that you will face as a startup owner and some of which may include budgeting and forecasting, cash flow management and so on. The challenge for us (startup owners) is to have a good handle on the numbers and build a habit of looking at the financial side of our business regularly. As an entrepreneur, we are not only responsible for making growth decisions for our business, but also for taking care of our employees, partners, and clients.
So what makes it more challenging for me?
I am a creative person and I am very passionate about my business but the thing is, I do not have the luxury of having any financial background other than doing spreadsheets and using basic formulas on calculators. Tracking my expenses has been seriously tricky especially during the time when I still don’t have the right platform to organize everything in one place. My mother once told me: “If a business is not able to organize and keep track of their revenue and expenses, the business will go bankrupt sooner or later.” and trust me, it is a frightening thought.
Do you remember Candy Crush Saga – the game that got most of us invested in? Who doesn’t love playing Candy Crush Saga anyway. I mean, it’s a great game where you get to crush candy, collect more candy and save princesses in distress, right?
Well, this might be a really odd comparison and trust me, I was skeptical at first but when I came across Moolamore, an accounting software which is available in ALL platforms, I felt the same excitement and here is why:
Moolamore is a financial tool which allows me to do all these tasks relatively easily and conveniently in one platform! I have been using it for quite some time now and it has become an essential part of my daily routine (because we can never be too careful!).
As a user-friendly software with a sleek interface, I find it easy to keep track of my expenses and income, reduce human-made errors and manage other tasks in an effortless manner. Being able to track my business’ income and expenses in one platform gives me confidence that the numbers I see are accurate and reliable. In addition, it makes it easy to manage other tasks that help me save more time and money. This software is a must-have for any business owner who wants to eliminate errors, save time, stay organized and on-track financially, and most importantly, to have more time to focus on the business itself and be hands-on.
I have been using Moolamore for a couple of months now and I am completely satisfied with the experience – so much so that I have stopped doing the time-consuming ways of exporting unorganized sheets with the data spread out all over it and of course, I have finally given my exhausted calculator its well-deserved rest. In addition to that, it makes it easier for me to see my financial forecast which I always attach to my proposals for possible investors. Creating scenarios of different what-ifs is also made possible by Moolamore
The software’s ability to show me my business finance’s current standing is what I probably like the most because every time I go to market conventions and such, I’d instantly know whether or not I can afford to add a certain product or even pointing out if I’m needing to find investors – it’s just as quick as knowing if the stock went up or down.
Moolamore is simple and easy to use and most importantly, they offer a chance to try it out for 30 days. I bet you don’t need an accountant to help you make monthly entries which saves you a lot of time and money anymore.
A bonus factor? Moolamore is available on ALL platforms!
So once again, if you’re a startup owner like me, you should definitely give Moolamore a shot and I promise you, you won’t regret it.
