As a small business owner, your time is precious. You’ll want to use that time for your most important concerns – serving customers, innovating and growing your business. Accounting or bookkeeping are probably not top of the list. But they are important – get your house in order, and you’ll have the confidence of a solid financial footing and valuable insights to make better decisions.

After years of working with small businesses all over the world, LABT knows that many business owners struggle to find the time (and energy) to take the first steps. They know their processes are inefficient and outdated, but they don’t know how to start fixing them. The thought of change feels more onerous than the process itself.

The good news is, it’s now easier than ever. Having advised many small business owners, we can confidently say that technology today makes the process easier. And it’s worth the effort. New cloud technology can have an immediate impact on the way you work, through smarter processes and powerful insights to guide your decisions.

Based on our experience of working with small business owners, we’ve defined five ways to use accounting technology to get your financial house in order, and generate data to thrive:

• Move your business on to the cloud
• Draw on your accountant’s experience to reap the benefits faster
• Use cloud-based apps to start saving time and money
• Develop better data habits
• Use insights tools to turn data into actionable guidance