5 Common Accounting Problems You Can Solve with SaaS Tools

Running a business without a good accountant is like sailing a ship without a compass. Whether it’s a shop, retail establishment, or a bustling restaurant, only a good accountant can ensure the business stays organized and out of money troubles.

A business owner instantly knows the financial state and the business’ needs at a quick glance if the books are well-maintained. Without one, well… the business is adrift, and unable to succeed long-term, even when making recurrent small profits.

With booming businesses entering the digital realm, the role of accounting software has become more and more apparent.

Amid the increasing adoption of Software as a Service (SaaS) for accounting purposes, Tigg stands out as a crucial tool in the Nepali business landscape for financial management.

Tigg app is an easy-to-use accounting software specially designed for restaurants and wholesale/retail businesses after in-depth research about the most common pitfalls that SMEs in Nepal face when getting off the ground. With Tigg, you can create tasks on the fly from anywhere, easily manage the data of your customers and products, and seamlessly integrate it with your current system.

From real-time reporting to customizable branding, Tigg’s tailored approach to the nuances of businesses remarkably solves the most frequently-made issues in accounting. In this blog, let’s explore 5 most commonly encountered problems for SMEs in accounting and how Tigg solves it to ensure a smoother voyage toward financial success for its businesses:

1. Document Records

Misplacing documents such as invoices, bills, and receipts can lead to incomplete or inaccurate financial records, which in turn can result in errors in financial reporting and decision-making. This apparently is a common hiccup for businesses, especially during an audit or tax enquiry.

Tigg solves this issue with its robust Document Management feature. With Tigg, you can simply snap pictures of your invoices and bills, and Tigg organizes them neatly in one place. This not only makes record-keeping easy but also ensures quick access to essential documents when needed.

2. User Access Headaches

When businesses use accounting software, they often have multiple team members who need varying levels of access to the system. Inadequate user access controls can compromise the confidentiality of sensitive information, leading to violations and breaches.

Similarly, highly restricted user access can hinder collaboration and workflow efficiency. Managing user permissions can be a headache, especially as your team grows.

Tigg simplifies this with its User Management feature. You can create multiple users with specific permissions, enhancing security and streamlining collaboration by focusing individuals on their designated tasks, all the while providing a tamper-proof activity log for every action taken. User comments and notes can be seamlessly incorporated, enhancing communication and collaboration. And all of this is easily accessible on your dashboard.

3. Real-Time Reporting and Insights

Waiting for accounting and tax reports can hinder a business’s ability to make timely and informed decisions.

TiggApp addresses this challenge by providing up-to-the-minute insights, allowing businesses to stay on top of their finances and make adjustments promptly. Tigg provides Real-Time Reports, offering up-to-the-minute insights. This empowers businesses to make timely adjustments and strategic decisions based on accurate and current financial data.

4. Cloud-Based Accessibility from Anywhere

Traditional accounting software ties you down to a specific location, hindering remote work. Tigg breaks these chains with its Cloud-Based Solution. You can access your financial data from anywhere with an internet connection while enjoying automatic updates, real-time collaboration, and robust security measures, including data encryption and regular backups.

Tigg is a versatile tool that goes beyond traditional accounting software, addressing common mistakes with great features. By streamlining document management, offering customization options, simplifying user management, providing real-time reports, and embracing a cloud-based approach, Tigg becomes a valuable asset for SMEs in Nepal.

5. Customization and Branding

Customising reports and aligning them with a brand image is crucial for a company to present a professional and cohesive image to clients and stakeholders. It allows businesses to maintain consistency in their communication and reinforces their brand identity. Maintaining a consistent brand image is crucial for any business.

Tigg addresses the problem of generic quotes and invoices with extensive customization options, all the while ensuring that your financial information is complete and accurate. You can tailor your quotes and invoices to match your company branding, creating a professional and cohesive image for your clients.

Conclusion

Beyond core accounting, what truly separates Tigg from other software is how it manages all documents, tasks, and contacts. Tigg can manage accounting, restaurants, wholesale, and retail shops using a single cloud-based software.

Developed with non-accountants in mind, Tigg is user-friendly and can be set up within a few hours to a day, depending on your data size. Get the most efficient way to manage accounting & finance for modern businesses with Tigg.