If you run a cash based business, you probably would like to keep track of how you are doing on a daily basis. What’s more, it would be nice to compare how you did today with how you did last week, last month, or even last year. Well, you could dig into your accounting software or ask your accountant, but that is not practical for right here, right now, information.
Imagine this. You aren’t at your store right now. Maybe you opened and you have someone else closing. Its in capable hands, but you’d still like to know how you did that day. Sure, you can call and check on the end of the day number. Then you can try to remember what you started with and how much it costs to run your business every day. Work those out in your head and you will have a pretty good picture for today. But what if you want to compare against another day, or track the whole week?
If you are doing this level of daily tracking, it is probably taking extra time. The fact is, you are probably too busy to stay on top of your numbers every day. In fact, you may not check them often at all. This is a problem, because you won’t be able to spot trends or problem areas.
This is where BottomLine, an iPhone App from Jet Set Apps, comes in. BottomLine was created just for small business owners who need to pay attention to their daily numbers. Jet Set Apps has developed a tool that is perfect for cash businesses like restaurants, hair salons, bakeries, or any number of retail or point of sale businesses. It can also be useful for any type of business that wants to track daily trends.
BottomLine is simple, which is part of what makes it great. It asks you for three numbers every day. Your opening balance, your closing balance, and your daily cost. The first two numbers will help you track cash flow and volume of business. The last number is optional, and comes with some flexibility. You can use it to track whatever metric is important to you. For instance, you might average out your cost of running business and place it in the daily cost box. That way, you can tell if you were above or below water for the day.
One great thing about BottomLine is that is supports multiple users and comes with a web interface. This means you can have employees enter the key numbers on the store computer and you can instantly get them on your iPhone.
So, why do you need an app like BottomLine? It is a simple tool that does one job, and does it well. If you use it, you won’t have to wonder how your month is looking. You can pay attention to your volume every day and spot problem areas. For instance, you may find that you have lower volume when a certain employee is on. Or maybe you will find a certain day is very slow for you, and you will want to offer specials to get more traffic.
You can also look at history and see how you did on days up to a year ago. This can help you prepare and bring in more staff for when you are busiest.
BottomLine is basically a simple dashboard for the health of your business. It will show you information about your business in easy to digest graphs and charts, or in a month by month view. A pie chart can help you see instantly what your busiest, and most profitable, days are. The line graph can highlight trends. And there is even a special insight tool that will look at all of your data and pull out key points to look at.
You also have the ability to type in custom notes for any day. So if you are especially busy because of a local festival, you can make a note of it. Then you will be prepared for next year and will know why you had a spike when you look back at your numbers.
BottomLine is available for the iPhone only. It costs $3.99 for the basic package. This includes the full-featured app and a month of history stored. This means you can look back over 30 days of business. If you would like to keep track of a longer period of time, Jet Set Apps offers pricing for 3, 6, and 12 months of history.
It is up to you how you use BottomLine. You can just use it to stay on top of your day to day sales, and rely on other means to track history. Or, you can keep all of the information in one place.
You may already be keeping track of all of this. Good for you! BottomLine makes keeping track of it a whole lot easier. Multiple users can add data, and you can access it from anywhere using your iPhone. If you want a better handle on daily performance, this is an app worth checking out.
You can learn more about BottomLine and view a features video at http://www.jetsetapps.net/bottomline.html.
Hi, I’m Bradford Shimp. My goal is to help small businesses succeed. I wanted to let you know that I wasn’t compensated in any way for this review. I had a nice conversation with Rade Stojsavljevic, President of Jet Set Games and Jet Set Apps, in which he walked me through the functionality of BottomLine. I don’t personally run a cash based business, but I thought that those of you who do would benefit from checking out this app. If you end up using it, let me know.
Check out my business at BroadRiverCreative.com
Images courtesy of Jet Set Apps.