Cloud accounting and bookkeeping can transform your construction operations
*Article sponsored by MNP
In today’s environment, construction businesses are looking for innovative ways to stay ahead. Many business owners focus their attention on improving their operations on the job site itself, but have you taken a critical look at how you manage back-office responsibilities?
New technology, like cloud accounting and bookkeeping solutions provided by MNP, can help you tackle any challenge that comes with managing finances and gain a better insight into your organization. This new tech also gives you the opportunity to take all the financial management off your plate while external accountants take care of the finances still giving you the ability to see where your business stands.
Five key benefits of ease cloud bookkeeping and accounting
- Time saving: Whether you’re juggling project management, client relationships, or multiple other responsibilities, cloud-based accounting and bookkeeping help you streamline the process or hand over the bulk of the tasks to a team, allowing you to focus on day-to-day operations or bigger projects.
- Real-time financial insight: With ongoing, real-time financial data, you have everything you always need at your fingertips, and monthly overviews prepared by your advisor will put it in perspective.
- Improved payroll processes: Managing payroll can be a time consuming and complicated task, especially when a variety of projects and labour are involved. MNP’s ease service helps simplify this process with virtual timesheets, reducing the administrative burden and likelihood of errors.
- Better accounts payable management: Ease can help you prevent late or inaccurate payments to suppliers and gives you the flexibility to pay them when it suits your business needs. Efficiency and reliability are key to ensure ongoing positive relationships with your suppliers.
- Scalability: Your needs might fluctuate alongside market needs and demands, but with scalable services you pay for what you need. You don’t have to commit to hiring a full-time employee when you only need part-time. Cost-effective and efficient solutions can be catered to you depending on your business’ changing needs.
These platforms and MNP’s service offerings are designed with business owners in mind, focusing on simplifying the user experience so you can do what you need to do, efficiently and effectively.
To learn more, visit MNP’s ease services or contact Shayne Dueck, CPA, CA at shayne.dueck@mnp.ca.