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How To Do Accounting From Flowlu

Flowlu Team
Flowlu Team
6 min read
How To Do Accounting From Flowlu
One of the tools that many large companies are using as their backbone is CRM (Customer Relationship Management) systems like Flowlu. Ultimately, a CRM system like Flowlu allows you to handle all aspects of your business from your employees to sales, marketing to customer support, financials to reports, accounting, and a lot more. And all this using the same platform, based on the cloud. 

Running a business is not easy. No matter how big or small your business is, you need all the help that you can get.

In the old days, we used to assume that smaller businesses simply couldn't compete with bigger companies because they didn't have the same resources. However, while this may be true in terms of your workforce, it doesn't apply to the tools that can help you manage and grow your small business.

One of the tools that many large companies are using as their backbone is CRM (Customer Relationship Management) systems like Flowlu. Ultimately, a CRM system like Flowlu allows you to handle all aspects of your business from your employees to sales, marketing to customer support, financials to reports, accounting, and a lot more. And all this using the same platform, based on the cloud.

How To Do Accounting From Flowlu

If you still rely on old spreadsheets or paper for accounting, you need to turn the page and bring your business to this century.

How much time do you spend looking for a specific transaction? How much time do you waste trying to create a report on your finances?

Time is limited and it can't certainly be wasted. This is why you need to start using Flowlu for accounting.

Overall speaking, when you're using Flowlu to handle your accounting, you'll be able to:

#1: Keep Track Of Your Cash Flow, Payments, And Expenses:

When you are using Flowlu, you will be on top of your cash flow, payments, and expenses.

In what concerns cash flow, you can simply create as many categories as you need to identify the different payments and expenses you have. These may include rent, advertising, fees, product sales, salaries, investments, and travel expenses, among many others. This allows you to know at what point you are at any given time as well as you can also use this data to set smarter financial goals.

In case you want, you can access this data, edit it or even duplicate it with a couple of clicks. Do all this inside one single application - Flowlu.

#2: Manage Your Invoices:

Creating and sending invoices couldn't be easier. With Flowlu, you can use fully-customized templates to adjust the layout, change the color scheme, add your logo, or apply fields specific to your business with just a few clicks. You may even create one template and then continue duplicating it when you need to send a new invoice to a customer.

Notice that sending invoices to customers is also easy and can be done from inside Flowlu's platform. You may even set an automation rule to have an invoice ready for a specific customer to be sent on an established date.

#3: Get Payments Online:

If Flowlu allows you to create, manage, and send invoices, why shouldn't it allow you to get paid online as well?

If you're thinking that you may not have your favorite online payment gateway available, think again. With Flowlu, you can choose your favorite payment gateway and integrate it with just a couple of clicks.

Whenever someone pays you, you will get a notification and the best part is that it will be automatically recorded in your payments. As you can see, Flowlu can save you a lot of time.

#4: Add Bank Accounts:

While knowing how your cash flow, payments, and expenses are at any given time is important, you also need to take the time to check your bank accounts. But you don't need to keep logging into your bank to see. You can do so directly on Flowlu's platform.

To ensure that you do this, you just need to add your bank accounts to Flowlu. You may then categorize and link each transaction to a bank account, credit card, cash, or PayPal to keep all your records organized.

#5: Powerful Financial Reports:

If there is something that most business owners hate is dealing with their finances and financial reports. This is usually seen as a daunting task. However, with Flowlu, it will be easier than ever not only to add data, view it, and even analyze it.

When you're using Flowlu for accounting, you can get powerful financial reports that give you a better understanding of your business performance. No matter if you're trying to know more about profit and loss or your company's revenues and expenses, you can visualize the data that interests you the most at any given time.

The financial reports available with Flowlu also include charts and graphs since this visualization usually delivers better insight into your business and what you need to do to improve it.

#6: Plan Your Projects Accordingly:

When you're looking for successful project implementation, you want to make sure that you have the best cash flow planning. When you achieve this, it will be a lot easier not only to forecast project revenues but also to calculate costs and compare these against actual results. This is extremely important since it will allow you to adjust the cash flow you need for each project you accept.

Overall speaking, when you're using Flowlu for accounting, you will be able to control everything in your plan as well as monitor overall project profitability.

#7: Create Estimates:

Before you send an invoice to a customer or even deliver a quote for a project, you want to make sure that this will be a good deal for your company. Therefore, you need to create estimates before invoices. These estimates can be created directly on Flowlu and customized according to your business needs. You may, for example, include customer notes, terms and conditions, taxes, discounts, line items, shipping charges, and others.

As soon as your customer accepts the estimate, you can instantly convert it into an invoice and send it to your customer again. All this is done automatically and inside Flowlu's platform.

#8: Have All Your Staff On The Same Page:

Accounting is not easy but it is made easier when you're using a CRM system like Flowlu. After all, all your staff can access your business information at any time. But more than this, you may also improve collaboration. Your staff may use comments on your invoices and estimates, attach files, or leave notes. In case someone needs help from a colleague, he can simply ask for his attention with @mentions or request a response from your colleagues.

Bottom Line

As you can see, using Flowlu's platform for accounting is extremely easy and allows you to do everything you need to run your business and grow it.

With a cloud-based platform, everyone within your business can easily access all data making it easier to control your payments and expenses and know exactly where you stand at any given point.

Overall speaking, when you're using Flowlu's for accounting, you'll be able to save time and reduce errors by eliminating duplicate data entry, automatically create estimates, and invoices, get payments inside the platform, and even be on top of all your finances using powerful reports.

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