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Introducing Multiple User Access

You are the founder of a growing business using Metric to manage your finances. In the initial stages, it was easy to add your entries regularly and let Metric keep track of them all. Now that your business is expanding, the workload of managing everything on your own is becoming overwhelming. While metric automates a lot of financial processes for you, letting only the founder have access to the app often puts an enormous amount of workload on one person. You need help with the day-to-day tasks of keeping your finances in order, but you’re hesitant to share your credentials with anyone else. You’re right, this compromises the security of your financial information. So, what to do?  This raises a need for other users in the same app with limited or specified access. Luckily, the metric app has just released a major product update that solves this problem. With the new multiple-user access feature, you can invite other employees to access your business account on different access levels, enabling collaboration and customized access. So basically, you don’t have to handle everything on your own anymore,  but you can still ensure that each user has the appropriate level of access to your financial information. How does this User Access Product Update work?  As the founder, you’ll be the admin and have full access to all of the app’s features, making you the primary account holder.  From there, you can go to the menu and invite other users.  You’ll get to choose the access level for each user from the 3 available that are:  If you ever want to remove a user, you can do it easily through your admin account by a few clicks.  Benefits of using multiple-user access 1. Collaboration  With the ability to add multiple users to your account, you’ll be able to work together more efficiently than ever before.  2. Customized access levels This will ensure that each user has the appropriate level of access to your financial information, adding an extra layer of security. 3. Distributed Workload By using this feature the assigned employee or individual can enter data from their domain and all the work doesn’t end up on the founder’s plate.  4. Transparency and Control  This feature lets everyone involved have access to information while letting the founder be in control and keep a check on all activities happening.  So why wait? Try out the multiple-user access feature today and see how it can transform the way you manage your finances.

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Introducing User Access

As a small business owner, you have enough to worry about without the added stress of managing your finances on your own. It’s not just the workload, but also the fear of financial information falling into the wrong hands. We understand these challenges, and that’s why we’re thrilled to announce a game-changing update to the User Access feature in our app. Gone are the days of struggling to keep up with who has access to your financial data, and worrying about potential security breaches. Our new update takes the hassle out of managing user access, and gives you the peace of mind you deserve. How does it work? Founder being the admin will have access to all features and be the main parent account. In menu, you can invite users and select access level. There are 3 different access levels view only. manager and full access. Manager access role can be customized accordingly. You can also remove a user. How this feature helps? Customized User Roles: You can now assign different levels of access to different users, such as view-only or edit access, so you have more control over who can view and make changes to your financial data. User Invitation and Management: Invite new users directly from the app and manage their access from one central location. Improved Security: Enhanced security measures have been implemented to protect your financial information and ensure that only authorised users have access. Have a more secure and efficient way for you to manage user access to your Metric account. As always, we are committed to making our app the best solution for small business owners, and we appreciate your continued support.

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Introducing Partial Payments

Do you struggle with tracking partial payments from clients? Are you tired of the headaches caused by untimely payments and the hassle of keeping track of upcoming deposits? We know the feeling. Late, delayed, or partial payments can be a real headache, especially when you’re trying to keep your records organised. And let’s be honest here, Businesses hardly go as planned and payments are often not made on time when dealing with a wide range of diverse clients. But what if we told you that you can wave goodbye to all that stress with an all-new partial payment feature on Metric?  Experience a new level of simplicity and ease in managing your payments. Metric is here to revolutionise the way you do business and make accounting a breeze. No more queries about how to record partial payments or keep track of upcoming deposits. With this update, you can now mark payments as fully or partially paid with just a few clicks. How to add partial payments to your Metric account?  Adding partial payments to your Metric account has never been easier. Simply insert the income details and mark the payments as required. If a payment is received partially, simply enter the amount received, mark it as partially paid and don’t worry about messing up your records. Once the full payment is received, add the remaining amount in the activity screen and set your records straight.  How helpful is this partial payment update?  The beauty of the partial payment feature on Metric lies in its convenience and accessibility. No more waiting to be at your desk to update your payments. With the on-the-spot and instantaneous nature of this feature, you have the freedom to manage your payments whether they’re partial or full, with just a few clicks, from anywhere, at any time. No more waiting until you’re back in the office to update your records, Metric has got you covered.  With the Metric’s partial payment feature, you can rest assured that your payments will always be up-to-date. Say goodbye to the worries of missing out on payments, forgetting to update your records, or mismanaging your finances. Metric helps you keep track of everything, giving you peace of mind and making your business dealings effortless. You’ll have a clear and organized overview of all your payments, allowing you to stay on top of your finances and making sure nothing falls through the cracks.  Say goodbye to the headaches of partial payment tracking and hello to effortless and flexible payment management! Upgrade your business dealings today!

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Why Most CEOs are accountants?

Financial background, more precisely accountancy seems to be the starter pack for the perfect CEO portfolio. We say this because one out of every four CEOs is an accountant. The Financial Times Stock Exchange (FTSE) is a British financial organization that specializes in providing index offerings for the global financial markets. A recent survey shows nearly one quarter of FTSE 100 CEOs come from a background in accounting and 55% of all UK CEOs come from a finance background.  The numbers are surprising. No doubt finance is the life blood of a business, but what makes accountants so prone to leadership? When we think of accountants, we picture a person drowned in papers, scrunching numbers, and vigorously pressing buttons on a calculator. We assume accountants are uncreative beings that manage our bookkeeping, handle taxes, prepare invoices, construct financial reports and submit them to the leadership. Turns out we have been majorly underestimating accountants.  Accountants know the ins and outs of a business that enables them to make the most insightful decisions. There are a few skills that accountants inherently possess that makes them the best candidates for an executive role. Let’s see what these qualities are and why are they specific to accountants?  Why are accountants best-suited to the executive roles? 1. Strong Analytical and Financial Skills Starting off with the most obvious skill, accountants have the ability to provide insights from a financially strategic viewpoint. At the end of the day, you want your business to make you rich. Ideas are where it all starts, but smart financial moves are what makes your business profitable. “Being able to translate an idea into a financial impact that would help the bottom line of a business is incredibly important,” ~ Andrew Brushfield, Robert Half Australia director Traditionally, sales and marketing people made the best candidates for executive positions.  However, the global financial crisis in 2008 made the appointment of CEOs with accounting and finance skills vital as businesses have become more risk-averse.  2. Accountants are Innovators The technical accountants tend to be great innovators. Accountants often strive to accelerate the lengthy procedures, automate recurring tasks and increase clientele, such aims lead them to new ways to make their work more efficient.  “If you don’t understand the details of your business, you are going to fail. One of the only ways to get out of a tight box is to invent your way out.” Jeff Bezos Metric – a story of innovation Metric itself is a great example of the innovative mindset of accountants. A team consisting mainly of accountants through their consultation career, recognized the problem of small businesses failing to manage finances due to unavailability of accountants. Accountants have the potential to adapt their practices to suit the modern marketplace. Realising most of these startups and SMEs can’t afford to hire an accountant, they came up with a cheaper yet efficient digital alternative.  The team took the recent shift to mobile devices for research, calculations and operations, as an opportunity. Metric launched an accounting app that automates all financial processes, catering masses that prefer mobile over desktops for professional operations. Metric disrupts the common business models by giving streamlined, cloud-based accounting services for free.  3. Accountants are good with money matters If you research the top skills CEOs must have, you would definitely find risk management, budgeting, financial management, accounting and internal auditing. These are the exact skills finance professionals have learnt during their education and polished throughout their careers. This does not mean a CEO can function without communication skills, teamwork, collaboration or negotiation skills. But these soft skills complement the technical expertise that accountants already master.  4. Accountants are More Adaptable If COVID-19 has taught us one thing, it’s the importance of being able to adapt to change. While most businesses struggled to stay afloat, some greatly prospered changing their business model or services in accordance to the needs of the crisis. Changes in your industry, sector and business can have a profound impact on your strategy, priorities, and decisions. A good CEO should be able to change direction when necessary and adapt their role to the company requirements.  Accounting is a dynamic industry. With the frequent changes in tax laws, financial software and tools, and financial strategies, accountants are bound to quickly adapt to changes. They need to keep up with evolving trends that make them more adaptable to change of all sorts. Experienced accountants remain calm in stressful conditions, having the ability to adapt and determine alternative options to cope with change. 5. Accountants are Good in Decision-making “Decision-making is at the heart of my role. Weighing up data, analyzing consequences, and avoiding mistakes are all part of my job.” ~ Sir Martin Sorrell, the highest-paid CEO in the UK CEOs are on the roll, calling shots, taking risks, negotiating, taking decisions that make and sometimes break businesses. Quality and speedy decisions elevate the productivity of an organization. While taking a decision even in an emergency situation, a CEO must keep in mind the vision and productivity of the company, have the trust of employees, minimize conflict yet be quick. Isn’t this too much to ask?  These emergency decisions greatly affecting the businesses are the daily task of an accountant. Accountants are very experienced at balancing out biases, since they approach their work without bias consistently. Accountants are always consulted on all decisions to better suggest keeping the financial condition in mind. This extensive experience of decision making helps accountants remove the middleman and take up the executive position themselves.  What if you’re not an accountant turned CEO?  If you don’t have an accountancy or even a financial background, are you destined to fail in your business venture? Most definitely not! Even if accountants take up the most executive roles globally, companies without accountant founders or CEOs run equally fine. However, not having an accountant guidance in your business finances is the recipe of disaster.  As mentioned earlier, Metric app is an innovative product by

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