What type of businesses should use instabooks?

First time entrepreneurs with no bookkeeping experience.

Tradesmen

Independent professionals

Businesses with 1-10 employees.

People involved in sharing economy like Uber, Airbnb, Lyft etc

How instabooks is different from Xero, QuickBooks, MYOB and Sage?

With instabooks you don’t have to worry about chart of accounts, cash or accrual system, double entry accounting, journal entry, ledgers and other distractions.

I’m a booked out independent sales consultant, sell me!

Based on a report by NAB and PWC, small businesses spend about 4 hours per week on DIY bookkeeping. Instabooks reduces the 4 unbilled hours to only 4 minutes per week, freeing up 200 hours that cost $7,000 annually. instabooks also saves about $1,500 paid to external bookkeepers.

I’m a builder, tell me why real time bookkeeping is superior?

Construction project costs are highly volatile, the most accurate estimations are only valid for a month or even a week. A real time bookkeeping solution allows builders to carefully monitor cash flow of various projects in real time, allarming cost increases and unbudgeted due payments.

With traditional bookkeeping you have to rely on previous month bank statements, you already know what happened last month, not useful at all.

I’m a tech entrepreneur why would I need financial statements?

Tech entrepreneurship is all about a laptop, GIT and 5 star reviews. That’s why very often tech entrepreneurs’ loan applications are declined by banks due to lack of collaterals. On the other hand, entrepreneurs have sufficient cash flow to indicated their creditworthiness to banks but they don’t have access to financial statements to prove their cashflow and profit. With instabooks you are only 4 second away from your prepared financial statements. The next step is launch, growth and success.