# The beauty of cashflow Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2016-09-17 Category: BUSINESS Category URL: https://financedigest.com/category/business Meta Title: Maximise Cashflow with Innovative Accountancy Software Meta Description: Discover how innovative online accountancy software from Tally can help you stay on top of your cashflow and make informed business decisions. URL: https://financedigest.com/the-beauty-of-cashflowhtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/tly005-beauty-of-cash-flo-1736844503538-compressed.jpg) **Every company needs cashflow first and everything else second. That’s right, _everything else_ second.** **Craft beer on tap? Second. Really cool advertising agency? Second.  Amazing [offices with custom](https://www.financedigest.com/how-to-navigate-a-seamless-journey-from-cio-to-chief-customer-officer.html "How to navigate a seamless journey from CIO to Chief Customer Officer") graphics? Second. Here Richard Stonier, one of our directors, explains how a simple [set of tools can keep your accounts up to date and make sure you get paid on time](https://www.financedigest.com/hedge-funds-set-to-end-2021-with-inflows-for-first-time-in-three-years.html "Hedge funds set to end 2021 with inflows for first time in three years"). Then you can have the craft beer.** A large proportion of entrepreneurs and small business owners quickly fall into the trap of being unable to meet their immediate and most important financial obligations due to a shortage of cashflow. Although a business may be operating at a profit, if the level of cash available is too [low to pay](https://www.financedigest.com/flexible-pay-can-boost-low-productivity-in-the-uk.html "Flexible pay can boost low productivity in the UK") wages, bills and transportation costs a company can quickly struggle to survive. While an [office dog and a pool table may be high on a company’s](https://www.financedigest.com/analysis-u-s-companies-spend-billions-on-stay-at-home-tech-boding-ill-for-office-properties.html "Analysis-U.S. companies spend billions on stay-at-home tech, boding ill for office properties") list of essentials, ensuring that there is a high enough level of cashflow to cover real priorities is a vital factor for survival. Innovative online [accountancy software](https://www.financedigest.com/is-your-accounting-software-holding-you-hostage.html "Is your accounting software holding you hostage?") is one of the latest technologies that business owners can use to constantly keep control of their cashflow. Here at Tally, we’ve developed a cloud-based [accounting software that continuously](https://www.financedigest.com/building-and-construction-to-continue-accounting-for-nearly-half-of-tower-cranes-sales-globally-fmi.html "Building and Construction to Continue Accounting for Nearly Half of Tower Cranes Sales Globally: FMI") tracks incomings, outgoings and profit margins, always keeping entrepreneurship to date with just how much cashflow their business holds. One of the most efficient [ways that small business](https://www.financedigest.com/4-ways-small-businesses-can-save-money-while-outsourcing.html "4 Ways Small Businesses Can Save Money While Outsourcing") owners can stay on top of their cashflow is through the daily reconciliation of their accounts. A task that can traditionally take three days of frantic sorting, can be completed in less than 30 minutes through the use of cloud accountancy software. By monitoring personal and business accounts, Tally’s unique software automatically reconciles a [business’s accounts each day without the time](https://www.financedigest.com/the-role-of-invisible-real-time-payments-in-fueling-the-future-of-cx-in-business.html "The role of invisible, real-time payments in fueling the future of CX in business") intensive input by the user. Add to this, the flexibility of being able to remotely access this timely information from any device, [business leaders](https://www.financedigest.com/how-business-leaders-can-adapt-or-replace-covid-related-perks-to-the-post-pandemic-world-while-keeping-employees-on-side.html "How business leaders can adapt or replace Covid related perks to the post-pandemic world while keeping employees on-side") can make informed decisions about what actions they can and can’t afford to take, all without the need for time-intensive processing. One of the most frustrating issues for business owners is the [time consuming](https://www.financedigest.com/adapting-payments-to-reassure-consumers-and-safeguard-profitability-during-times-of-uncertainty.html "Adapting payments to reassure consumers and safeguard profitability during times of uncertainty") process that chasing up unpaid invoices presents. If all outgoings are paid promptly but the corresponding incomings are not received on time, cashflow can quickly dry up. Often faced with hectic schedules, it can be quite easy for [small business](https://www.financedigest.com/is-spring-really-in-the-air-heightened-consumer-confidence-may-not-be-enough-this-season-for-small-businesses.html "Is Spring Really in the Air? Heightened Consumer Confidence May Not Be Enough This Season for Small Businesses") owners to forget to chase up unpaid invoices leading to problems with cashflow. To eliminate this problem, Tally’s automatic invoicing [service ensures](https://www.financedigest.com/developmental-best-practices-must-change-to-ensure-the-post-pandemic-recovery-of-financial-services.html "Developmental best practices must change to ensure the post-pandemic recovery of financial services") that all invoices are instantly sent out to the correct clients and are continuously followed up until the payment is received. By implementing low cost, yet highly effective, online solutions, [business owners can always ensure that their cashflow levels](https://www.financedigest.com/gamification-in-business-unlocking-the-next-level-2.html "Gamification in Business: Unlocking the Next Level") are exactly where they should be. By removing the time intensive tasks, they faced previously, entrepreneurs can use cloud accountancy software to provide the silent and reliable ongoing support that allows them to focus upon those all [important business](https://www.financedigest.com/importance-of-transparency-and-connections-in-business.html "Importance of Transparency and Connections in Business") decisions, one office dog or two? --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---