Financial Services

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The stages of accounting automation
Once a business starts paying and billing more than a few invoices monthly, it’s time to consider an automated system to track the money.

For basic startup needs, think simple, low cost, and no frills. Many of these systems are available as SaaS (software as a service) or mobile applications, with no need to install anything.

A few popular choices include Square for processing customer orders; FreshBooks for invoicing; Chrometa for billing and tracking time; Bill.com for payables and receivables; Wave, a free integrated accounting and payroll app; and SageOne for accounting, invoicing and project tracking.

There are many more, of course, and today it’s not unreasonable for a company to patch together its own personal financial suite from its favorite apps, says Telberg.

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