Marcus – Convenience Store Owner
Marcus runs a convenience store. Before he began using Flare, he manually recorded daily cash register sales, taxes and expenses paid in a notebook and then provided his notes and sales receipts tapes to his accountant. Monthly, quarterly and at tax time, the accountant would update Marcus’s books. Because he was focused on basic bookkeeping needs that were always backward looking, Marcus had no clue about his business’s financial position or how to improve revenue and cash flow. This manual process also meant that his accountant was duplicating work that Marcus was recording manually. It was inefficient and time consuming.
Then, Marcus Got Flare
Now that Marcus has Flare, he can log in and quickly record his daily or weekly sales. He can also invite his accountant when needed – like at tax time. Marcus knows exactly how his business is doing financially and he can plan for profit, because Flare gives him the real-time visibility he needs to monitor income, expenses and cash flow.
Marcus chose Flare Cloud Accounting because it allows him to:
- Easily record cash register sales totals.
- Easily record expense transactions.
- View revenue, expenses, and profit in real time from Flare’s financial dashboard.
- Export or print financial reports.
- View expense trends by vendor.
- Invite his accountant to use Flare.