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Mar 14, 2017

Easily Track Your Finances With Our Reports


The days are getting longer, the flowers are blooming brighter, and all the joy that comes in with Spring are on their way. However, Spring tends to bring something that’s not particularly enjoyed and that something is tax season.

Are all of your records in order? Are you ready to file? We hope so, but if not we can let you in on a little secret. UnitWise can simplify all of your financial tracking and reporting to make tax time easier.

UnitWise


UnitWise is the all in one business management solution specifically designed for NSDs, directors, and independent beauty consultants in order to help them save time while efficiently manage every aspect of their business. With UnitWise tons of innovative features for inventory, unit reports, accounting, email marketing, financial tracking and more.

Financial Tracking and Reporting With UnitWise


The accounting feature in UnitWise allows you to easily keep up with all of your financial data that builds up with your beauty consulting business, like office expenses, wholesale orders, travel, customer orders, and more.

All you have to do is add the financial accounts you would like to add, such as business credit cards, checking accounts, saving accounts, and more to your UnitWise accounts and enter in their balances. Note: These accounts aren’t actually linked to your bank accounts and there is no limit on a number of accounts you can add.

There are various account sections within UnitWise such as expenses, payers, payees, trip logs, and more. They also have premade accounts such as Saving (Bank). These premade accounts can be edited or deleted, and you can also add your own accounts depending on your personal preferences. Also, your can transfer funds between accounts at any time.

You can easily log on and edit your account balances every time you need to add a payment or purchase. When accepting a payment or paying others you can split the amount up between multiple accounts.

If you set up something as a recurring expense then it will automatically be deducted from the specified account on a monthly basis. You can edit the name and details of this expense.

To keep track of your activity simply click view transactions on any account. Then you’ll be able to search for certain transactions. You can also view your most recent 10, 25, 50, or 100 transactions. You can view all of your expenses, transactions, and more.

Whenever you create an invoice or receipt with UnitWise the purchase amounts are automatically updated in your accounts.

With the financial tracking feature based on of your sales and accounting information, you can view a variety of custom reports. Including the year-end/tax report that includes detailed information beneficial for your taxes, like profit and loss information, non-recovered sales tax and more.

Reports show a list of profits, losses, expenses, and more depending on the type of report you choose to run for weekly accomplishment reports, sales reports, account reports, and more.

You can run a custom report at any time, from any time frame. Simply set the date on your report and choose if you’d like to run it on a customer, product, or team member. You can also run a report that includes all of your contacts.

These reports can then be easily downloaded to an excel, PDF, or word document. This way you can easily print these reports or email them to a tax professional. All the information they need can be provided in a matter of minutes.

Try UnitWise Today


Why wait? Sign up for your free 15-day trial with UnitWise to easily keep track of all of your expenses. Then you can view custom reports at any time to see how unit members are producing sales, which products are performing best, and important tax related information.

*Content found in the UnitWise blog is for informational purposes only. UnitWise is an independent business with no affiliation to Mary Kay®.

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*UnitWise is not affiliated with Mary Kay.

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