Cloud Accounting apps – Cost Vs Benefit Analysis

Cloud Accounting apps

As trusted business advisers, Johnston Smillie look beyond the numbers and take great satisfaction from guiding our clients on the most suitable and up to date accounting software and apps available on the market.

It is always important in business to evaluate not only the costs, but also the benefits of any additional expenditure.  What initially looks like a dreaded expense can end up impacting positively on your bottom line.

Here is a realistic example of this:

Cost

If we were to tell you that we can recommend an app for your business and that app would cost you £4.49 a month on top of your accounting package, £4.49 a month that you would not be spending otherwise, what would you say?  No we would imagine!

Experience tells us that people do not like to spend money on things that they have not needed previously. Lots of people do not like change and continue in the same manner they have always done.

Benefit

Now what if we were to tell you that the £4.49 a month would save you at least 2 hours of your time each month and your time is worth £20 an hour?

Overall using this example you could be saving £35.51 a month or £426.12 a year after deducting the cost of the product!  Would you be interested in a business app now?

At Johnston Smillie we have a genuine specialist cloud accounting team who keep up to date with the latest apps available to help you run your business.  Give us a call on 0131 317 7377 or Contact Us to book a business review and let us see how we can help save you time and money.