One of the basic principles of business success is investing. It’s important to invest in yourself, your inventory, your tools, and your team. However, if you don’t properly track your expenses things could get out of hand pretty quickly. This is where UnitWise can really come in handy.
What is UnitWise?UnitWise is the innovative business management solution that’s specifically designed for NSDs, directors, and independent beauty consultants. It’s full of intuitive features to help you manage your expenses, track your inventory, process online payments, keep up with upcoming events, promote your business on social media, and more.
Expense Tracking With UnitWiseUnitWise lets you keep all of your accounts in one place. Whether you have a company card, checking account, or expense account you can view them all in one place. However, keep in mind these accounts aren’t linked to your actual banking accounts, they’re representations of your expenses so you can view all of your finances in one location.
While UnitWise has a few premade accounts for you already, you can add more or edit them. The amount of accounts that you can add is unlimited.
Everything is completely customizable. For example, you can label each of your expenses by their type. You can label subscriptions for online services by their names and break down different fees by name, like shipping and handling fees or bank charges. In order to give you an overview of your expenses, you can view your expenses up to the last 30, 60, or 90 days.
You can also handle a lot of your banking needs with UnitWise. You can view your transactions, transfer money from one account to another, and even split up payments among different accounts.
The payee section will help you keep track of all of the contacts you need pay either on a monthly or one-time basis. You’ll always be able to see who you need to pay, and what services you need to pay for, right from the palm of your hand.
The payer's section lets you view who you need to collect payments from. You can send your payers invoices and even divide up their payment to allow them to pay you in either weekly or monthly installments.
Also, to help you keep up with the miles you travel for work UnitWise as a trip logs feature. You can enter in your vehicle type, odometer mileage before your trip, the cost of gas, and your odometer after your trip to see how far you traveled, and how much it cost. You can even list the reason for your trip. For example, maybe you traveled to seminar, or maybe you simply made a quick supply run.
Give UnitWise a ShotUse your free 15-day trial to see how UnitWise can help you boost and grow your business with its ground-breaking features for conference calling, email marketing, unit reports, customer management, financial tracking, and more.
* Content found in the UnitWise blog is for informational purposes only. UnitWise is an independent business with no affiliation to Mary Kay®.