Guest Blog: Simplify Financial Year-End With Job Management Software – Business and Finance

Prepare your field service customers for success at the end of the fiscal year with simPRO, by Mat Wray, Global Head of Partnerships, simPRO.

Pictured: Mat Wray, Global Head of Partnerships, simPRO

No matter how you feel about the end of the financial year, it is essential that you gather financial information from clients to get a clear picture of the company’s performance over the past year and help them settle solid goals for the future.

Like most businesses, your field service clients will need to see their profit and loss reports, bank statements, payroll reports, tax documents, and more. Compiling all of these documents can be a challenge, as field service companies often work in disparate systems and may use outdated methods (like spreadsheets) to track work. It is therefore difficult for the company to present financial information to its accountant.

Find out how simPRO’s cloud-based task management software can help you and your clients share financial information more easily and prepare for year-end in no time.

Become a simPRO partner for a smoother financial year-end

When working to help your field service customers manage their finances and make data-driven business decisions, ensuring they have the right field service management software is critical to staying organized. month to month.

An excellent field service management solution helps your customers efficiently manage jobs, projects, and maintenance contracts, as well as keep track of all administrative and financial processes throughout the year.

From initial work request to final invoicing, with simPRO your clients can streamline workflows, automate processes, connect the office to the field, and gain critical business insights.

By becoming a simPRO accounting partner, you will have access to valuable reports to prepare for the end of the financial year. You will also build trust and credibility with your field service customers, improve your customer base and become a trusted field service accountant.

Most importantly, simPRO acts as a single source of truth through which you and your client can accurately measure financial health and make key business decisions for the year ahead. All from a holistic point of view.

Quickly gather and organize all financial records from one place

Paper invoicing and supplier and account statements are easy to lose sight of. simPRO eliminates paper payments thanks to the interconnectivity between simPRO and Xero.

This means customers can send invoices directly through their accounting system, making it easier for them to collect payments and giving you easier access to payment records, all from one place. You also reduce the time spent cross-checking financial transactions and reconciling accounts.

On a day-to-day basis, your client can transfer customer and vendor information, track vendor and contractor invoices, and make payments quickly, all while syncing directly with their accounting software, such as Xero.

This means your customers get a real-time view of business cash flow, setting them up for success. They can avoid any surprises and quickly know how and where to find the necessary documents so that you can prepare profit and loss reports or tax declarations.

Cloud-based field service management software like simPRO also helps your customers say goodbye to duplicate data entry via data automation. With workflow triggers and automated actions, customers get more accurate data, reducing the number of redundancies at the end of the fiscal year that you need to sort through.

simPRO also offers Square integration. This limits the number of unpaid invoices that you, the accountant, have to pursue until the end of the financial year, and you can easily prepare their tax returns with all the year’s cash flow data in one central place.

One tool to track inventory

simPRO’s inventory management software gives your customers greater visibility into the materials they have in stock and where they are. They can easily assign items to jobs, manage stock locations, and generate reports, including inventory. The simPRO software also provides an accurate stock value, which leads to more accurate counts.

Your customers can also plan inventory they may need to replace or repurchase, which you can then incorporate into next year’s financial planning.

No more headaches at the end of the financial year with simPRO

With simPRO and your expert guidance as an accountant, you can efficiently complete year-end financial reports, and before they know it, your clients will be embarking on the exciting task of planning for next year.

Since joining simPRO in 2015, Mat has built strong relationships with many strategic accountants, business advisors and cloud software integrators. simPRO recently named Mat Wray Global Head of Partnerships as simPRO continues to expand its brand new partnership program. Learn more about Mat Wray and the partner program on the simPRO blog.

To learn more about the simPRO partner program, visit our website here.

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