4 Small Business Bookkeeping Tips To Save You Time

Bookkeeping is a necessity for all small businesses, yet rarely gets the time and attention it really needs. Small business owners are not accountants, and as a result the temptation can be to hire an external bookkeeper at no little expense to do it for them. However, bookkeeping doesn’t need to be complicated and time consuming, and here are 4 smart timesaving techniques for small business bookkeeping.

1: Use Small Business Accounts Software

This is number 1 as it is the most important point of all – why waste the expense on an external bookkeeper when there is far more cost effective software on offer that can do the job for you. Systems like Cash Manager are designed to be used by anybody and no prior accounting knowledge is necessary. You can simply enter your data directly from the cash-book and let the software do the rest.

2: Enter Data As You Go

The main reason bookkeeping seems so daunting is that it can often mean scrabbling around for long-lost invoices and receipts when it comes to submitting your books. You can avoid this by using small business accounts software and entering your data as you go, on a weekly or even monthly basis. This will not only save you time, but can also cut down on a great deal of stress and hassle.

3: Give One Person The Role Of Bookkeeper

Generally in small businesses it will be the business owner who is in charge of matters like bookkeeping. However, not all business owners are natural bookkeepers and larger businesses might even have dedicated financial executives. Whatever your situation, make sure there is one single employee who’s job it is to manage the small business accounts software. This will speed up the process and make the whole operation run more smoothly.

 4: Keep Track Of Your Paperwork

Most importantly of all when thinking about doing your books is keeping on top of your paperwork. This means invoices, receipts and everything in between. Life as a small business owner can be fast-paced and no two days are the same, and it can be easy to misplace these documents especially when you are on the move. However, it is vital you keep hold of these as any discrepancies can be seized upon the taxman, leaving you to pay the price. Keeping on top of your paperwork is the only way you can fully utilise your small business accounts software.

Start Saving Time (And Money) Today!

Staying on top of your accounts doesn’t need to mean hiring a costly external bookkeeper. Cash Manager’s small business accounts software is designed with small business owners in mind. You don’t need to be an accounting expert and you don’t need any formal training – in fact, each copy of Cash Manager comes with a complimentary and comprehensive user guide. Click here to download Cash Manager today and leave your accounting and bookkeeping headaches in the past.

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