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Accounting Software So, the obvious choice must be to use accounting software. Here, you only need to record your transactions once and all the corresponding entries are performed automatically. This enables you to maintain a check on your customers and suppliers, VAT is dealt with automatically and most systems will prepare a number of useful accounting reports.

Electronic Spreadsheets Give Insight into Business Financials, Say you have a seasonal business and know that you do well during the summer and the winter holidays and nose-dive in January through March. You can use a spreadsheet to help you budget during the fat times to have some cash padding during the lean times. You can also look years into the future and get an idea of how small changes may affect your overall financial picture.

You can make utilities for yourself where you can put all your calculations and worksheets. This will reduce repetitive work to a great extent and help you save time for some other productive and constructive work.

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