If you tried adding a contact at the previous stage, you have already learned the manual way to do this. However, if you have a long list of contacts, there is a much quicker way to import all of them together. Now let’s begin!
You can manage sales and income in EVE by creating invoices to track sales according to each customer. Stay on top of what customers owe you (also known as your accounts receivable balance) by reviewing your Accounts Receivable Aging Report, which includes the details of both current and past due invoices. (Below is a sample A/R Aging Report from EVE)
EVE can keep track of what you spend. EVE will also remind you to pay your bills when they are due. For example, you can ensure that you pay your bills on time and generate your Payable Report in under 2 minutes. This report will provide you with the details of your current and past due bills so that you can be sure to quickly address any issues. (Below is a sample A/P Aging Report from EVE)
By managing all of your cash inflow and outflow activities in EVE, you can access several reports that provide you with invaluable insights into your business. All of the reports are pre-loaded in EVE and can be run in just a few clicks. Reports are updated in real time as you enter and save transactions. You can run the top 3 reports that you need in order to assess the overall health of your business:
Payroll is an area that you don’t want to skimp on by trying to do it manually. Mistakes made in calculating paychecks can result in steep penalties and unhappy employees.
To help, EVE has its own payroll function that can automatically calculate and run payroll as often as you need it. The best part about using EVE payroll is, it is integrated to EVE so your financial statements are always up-to-date. The purchase of an EVE payroll subscription is required so that you have access to the latest payroll tax tables to calculate employee and employer payroll taxes.
If you are still not convinced that you can simplify your taxes by using EVE, just think about how much you dread tax season. Whether you have to consolidate several excel spreadsheets or organize a shoe box full of receipts, it can take you longer to get your tax professionals what they need than it takes to prepare your tax returns. Here, we use EVE Online to manage all of our business accounting and taxes.
We have set up our tax professionals with a user id and password to access our EVE data and pull the information they need to file our tax returns. Since everything is tracked in EVE, we do not spend a lot of time organizing receipts and bank statements. This also ensures that we have accounted for all income and expenses, and as a result improves accuracy.