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Remove your bookkeeping hassle: 3 easy steps

November 10 2015 by Kelly Rowland

There is more to running a business than doing your accounts, and we are sure that you did not start your business with the dream to sit at your desk and work through them! Do you feel like you could be using your time doing things that are more exciting and useful than bookkeeping or submitting expenses? If the answer is yes, these three ways will help you to remove the hassle…

Simplify

“Don’t do anything that doesn’t have to be done.”

Simplicity is the key to removing the hassle from your bookkeeping. What do you do that doesn’t need to be done and which processes are overcomplicated? Remember less is more! An hour spent documenting your current processes will almost certainly help you spot opportunities to save much more than that hour you’ve just given up. Sometimes it’s difficult to analyse what you’re already doing, so don’t be afraid to get an external point of view here.

Automate

“What could a robot do better than you?”

Automation is key to helping you save time, and will also help to simplify the process. Xero add-ons, such as Receipt Bank, remove the hassle from submitting expenses and can save you time to focus on more important things. Chaser is a great tool that sends out polite yet personalised emails to customers about unpaid invoices, automatically. This will help you to boost cash flow, save you time and automate a process that you don’t need to do yourself.

Why Automate?

  • Cost effective: There is little or no human cost involved in automation.
  • Consistency: You will receive the same result every time.
  • Scalability: Automated systems are able to develop with your business as it grows. No matter what size you grow to, your systems will be able to keep up.
  • Time: It works while you sleep!

Outsource

Once you’ve simplified & automated your processes, there’s often even bigger gains to be achieved by outsourcing your bookkeeping altogether – perhaps to the lovely team at Wow? This will give you more time to do the things that help grow your business, leaving the hassle of expenses, receipts and invoices to us! It is important to think about how much will you gain from doing your own bookkeeping. Are you better off outsourcing this and focussing your talents on something more fundamental to your business?

Would you like our help?

If you would like to chat to a member of the team about your bookkeeping, or need any advice, then please get in touch on 01264 721 670 or email info@thewowcompany.com

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