Cloud accounting and bookkeeping can transform your real estate and construction operations

In today’s environment, business is moving faster than ever. Real estate and construction business are looking for innovative ways to stay ahead. Many business owners focus their attention on improving their operations on the job site itself, but have you taken a critical look at how you manage the back office responsibilities?

Accounting and bookkeeping are accepted as inefficient but unchangeable processes. It’s time-intensive, requiring you to sift through paperwork, input data, chase down invoices, and finish payrolls — and people think there’s nothing they can do about it.

Tech has changed the conversation. By taking advantage of cloud accounting and bookkeeping solutions provided by MNP, you can tackle the common challenges that come with managing finances and gain a better insight into your organization. And if you want to take all of the financial management off your plate, you can do that too. New tech makes it easy for external accountants to take care of the finances while still giving you the ability to see where your business stands.

Brad Dodds is the owner of Dodds Building and Contracting in Manitoba. He adopted cloud accounting and bookkeeping tools and saw a range of benefits.

Immediate, measurable time savings

Dodds used to spend at least 10 hours a week on accounting software. With new platforms incorporated into MNP’s service offering, like Xero accounting software, he says he’s now spending only 10 hours a month.

The time saving comes from built-in automation software that can generate invoices quickly, makes it easy to find documents, and sends follow-up reminders. Instead of spending hours creating the invoices, the accounting platforms do the work for him.

He also saves time by working from anywhere. Modern accounting platforms store their data in the cloud, meaning you can access what you need from any device, wherever you have an internet connection.