Growth could kill your business.
Yes, growth means more traffic, customers, and revenue. That’s the goal of your business
Growth also means more problems, responsibilities, and processes to manage. If you’re not prepared to deal with the new challenges that come with growth, you’ll constantly be in a reactive state.
You’ll be putting out fires instead of focusing on growing your business. You need help so you can effectively manage your growing business.
Check out these 5 business management tools that will help you keep up with growth:
Accounting Software
It was easy to manually track and reconcile bank transactions when there were only a few transactions each month. Business growth leads to a lot more expenses and invoices.
Manual accounting doesn’t work anymore. You need a better process. You need something that’s accurate and quick so you can get back to growing your business.
The features in accounting software make it easy to:
- Import bank transactions
- Add receipts
- Create and send invoices
- Track and manage expenses
- Reconcile transactions
Here are a few tools to check out:
Payroll Software
Company growth leads to more projects and deliverables. You realize you can’t do it all by yourself anymore.
You hire employees to help you manage the growth. Now you need to manage payroll.
Payroll software makes it easy to pay employees, pay and file employee taxes, and calculate deductions from gross pay. You can also use a paystub creator to show employees the breakdown of their deductions.
The features in payroll software streamline and automate the process of:
- Adding new employees to your payroll system
- Paying employees with direct deposit
- Creating and filing forms like W-2s and 1099s
- Calculating and filing local, state, and federal taxes
- Syncing payroll with your accounting software
Here are a few tools to check out:
Expense Tracking Software
Nobody looks forward to expense tracking. Sadly, you can’t avoid it.
You have to track the business expenses of your employees. You have to reimburse employees for those expenses. Expense trackers make this process as easy, fast, and convenient as possible.
The features in expense tracking software allow you and your employees to:
- Add receipts
- Track mileage
- Reimburse employees
- Create and submit expense reports
- Create and modify expense policy rules
- Approve expenses
- Sync expenses with your accounting software
Here are a few tools to check out:
Project Management Software
You used SEO to boost your search engine rankings. This led to more traffic, sales, and growth. It also led to more projects and a larger team.
Now you need a way to keep everyone on the same page. Project management tools can help with this.
The features in project management software allow you to:
- Plan projects
- Track progress against deliverables
- Manage projects collaboratively with teammates
- Track time and budget
- Manage documents
Here are a few tools to check out:
Communication Software
Technology has increased the ways we can communicate with each other. There’s email, video calling, instant messaging, file sharing, and more.
It’s harder to keep track of all these conversations as your company grows. That’s where communication software comes in to save the day.
Communication tools give you the flexibility to communicate in many different ways. But it keeps all of the communication in one place.
With these tools, you can manage all of your conversations. You can find important information from old conversations.
The features in communication software allow you to:
- Organize conversations by using channels
- Search past conversations
- Make video calls
- Share files
- Share your screen
Here are a few tools to check out:
Continue Growing with These Business Management Tools
Business management tools help you handle the responsibilities that come along with growth. Manage your business with these tools so you can focus on what you do best.
Check out our blog to learn how to continue growing your business through SEO.
