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Conquer The New Financial Year – Enhancing Admin Efficiency In Your Farrier Business

Now that you’ve had time to settle into the new financial year and handle any business matters that required urgent attention, it’s a good idea to explore ways you can improve efficiency in your business. This is a great time to look at goal setting and plan for the year ahead, while also bringing in small tweaks that can make a big difference.

Using EQUINET, for example, is a great way to streamline your administrative processes and stay on top of things this financial year. In this blog we’ll be looking at how to implement EQUINET to make managing your business easier, with testimonials and tips from top farriers in each section.

Easily Keeping On Top Of Your Accounting

Your accounting is one of the most important aspects of your business, but it’s also one of the easiest to get wrong. Sure, actually sending invoices is fairly easy, but creating them and keeping on top of whether they’ve been paid isn’t so simple, and neither is tracking your expenses or ensuring you’re meeting all of your tax obligations. In other words, accounting can easily be one of the most time consuming aspects within your business, and it’s also one of the areas where you’re more likely to make errors.

Accounting software and tools greatly help reduce the margin for error, and although EQUINET is not an accounting platform, it does allow you to track services and can integrate seamlessly with your chosen accounting software or allow you to send invoice reports to yourself. This allows you to easily and accurately keep on top of your financial records and ensure timely payment.

New South Wales farrier and EQUINET brand ambassador Brad Hinze, finds this feature particularly useful, as you’ll see in the video below:

Integrate with Xero and QuickBooks

Another farrier who finds the invoicing feature to be of significant assistance is Leigh MacDonald, a Victorian farrier who uses Xero to handle his accounting needs.

EQUINET integrates natively with both QuickBooks and Xero and once paired, EQUINET syncs all data with your chosen platform, therefore making keeping on top of your books and handling tax time a breeze. Alternatively, you can send an invoice report to yourself and then upload into your accounting software to create invoices. If you’re at all unsure of how to manage your integration, your tax specialist or bookkeeper will be able to assist, or you can reach out to an EQUINET customer care specialist.

Note: EQUINET is free to use, however, if you wish to use accounting software integration, you will need to pay the nominated subscription fee for your chosen platform. This is not a charge from EQUINET, and we do not receive any funds from your accounting software payments.

For further information about managing your finances with the EQUINET app, read our Invoicing With EQUINET blog.

See And Manage Your Clients And Schedule At A Glance

If your schedule isn’t optimised, you’re not going to get the best results in your business. Being able to easily book and view appointments means you can stay on top of things, line up clients that are in a particular area to decrease travel and improve overall productivity. The scheduling feature within EQUINET makes this easy, with functionality for reminders and RSVPs built in so you get confirmation from your clients ahead of time and reduce the chances of no-shows.

Adam Morris, a New South Wales based farrier, feels this feature has greatly streamlined his scheduling and means his team no longer have to worry about missed appointments:

Make Handling Inventory A Breeze

Your inventory is a key area to assess when looking at ways to enhance efficiency this financial year. If you haven’t yet, now is the time to complete a stocktake so you’re on top of what tools you have (or need) as well as how many horseshoes (don’t forget to not whether your stock is steel, aluminium or therapeutic), nails and hoofcare products are currently within your possession. Once you’re on top of your inventory, entering it into EQUINET will make staying across it easy. The app will automatically adjust your quantities when a consumable is assigned to a service and show an alert in the inventory section when levels are getting low. This helps prevent surprise shortages and means you should always have the products you need, when you need them.

The best bit? EQUINET also offers a Shopping List feature that allows you to easily order what you need from your local dealer within the app. Aussie farrier Brad Porter makes use of this feature each month to ensure he’s on top of his inventory management, but you can make and send shopping lists at any time.

Staying On Track For Success

Each new financial year is an opportunity to level up your business, streamline your processes and do better than the year before. Setting goals and having a clear plan will make this easier, but if you don’t have the right tools, your potential will always be limited. EQUINET helps eliminate blocks and improve the efficiency of your admin processes, and the app is completely free, making it the ideal addition to your toolkit this financial year.