SME South Africa

Disclaimer: Please note that some of the links in the article are affiliate links and SME SA will earn a commission if you purchase through those links. All recommendations have been carefully considered and they are resources SME South Africa has found helpful and trustworthy.

Top 3 products we recommend: 1. Accounting software 2. A payment management tool 3. An inventory management tool

Look out for these key features: - Basic accounting tasks such as invoicing, expense tracking, and client/vendor contact management. - Tax preparation. - Payroll processing, mobile access, and integration with program such as point-of-sale software.

How you choose the right product for your business: Choose a tool that works for you and your business. It is advisable though that you choose a product that is robust and as flexible as possible.

Key benefits include: - Helps with managing your cash flow - It empowers you to set financial goals - For most new businesses, good financial management can help with securing funding.

There are 3 key proper financial management practices and those are: 1. Record every transaction 2. Compile reports 3. Educate yourself.

Business financial management can be intimidating, however it is possible to master if you use the right financial management tools and implement key financial practices.

Most funders want to see that a business owner is able to make the most of resources (including funding) and this requires strong administration and financial skills.

Mastering your business’s finances is a critical part of running any successful enterprise. A sure way to do this is by cultivating healthy financial management habits and working on these on a daily, monthly and quarterly basis.

Everyone is talking about how you should be using tech in your business BUT very few talk about how difficult it is to buy the right product. Introducing SME Solutions, a tech buying guide to help you choose the right product for your business. [Thread]

Morning Entrepreneurs. What information do you need now to help with the running of your business?