HomeHome SearchSearch MenuMenu Our productsOur products

Turn complicated accounting processes into a simple job by doing this

by , 12 September 2014
Do you hate sitting in front of your computer entering all your accounting data? Do you hate that it can take hours and you really have to concentrate?

These jobs don't have to be complicated! You can reduce the hassle just by doing one simple thing.

No, it's not hire an accountant. This is something you can do yourself.

Keep reading to discover what it is so you never feel swamped by your accounting work again...

 

Do this so your accounting work is always quick and easy

 
Enter you accounting data once, if not twice a week. That's all. 
 
The reason your accounting work feels so overwhelming is because you let it add up and then you have a month's worth of work to get through. 
 
If you simply add the data to your records as you get it, you can simplify the process. Each week, keep the receipts or other supporting documents for any expenses you incurred. Then once a week, or twice if you incur a lot of expenses, enter the data into your accounting. 
 
And while this method can sometimes lead to inaccuracies and duplicate entries there's an easy way to prevent this...
 
*********** Advertisement ************
 
If you're one of the first 50 readers to accept this invitation, I'll send you an Accounting Toolkit that includes practical tools to implement correct accounting practices in your business. 
 
It includes tools, templates and checklists that'll help you save on audit fees, reduce risks, record accounts accurately and be 100% legally compliant:
 
Related party relationships and balances schedule;
Expenses and liabilities checklist;
Leave pay accruals schedule;
Items to check on a monthly basis;
Fixed Asset register; and
Management account template for productive hours.
 
***********************************
 

Here's how to avoid inaccuracies when you do your weekly accounting entries

 
Keep a folder of all the receipts and documents for your expenses. After you enter an expense, put a date on the original document so you know when you entered that expense into your accounting workbook.
 
Do the same for digital documents. Just save them with a name and date so you can see when you entered them.
 
By doing this, you can ensure you don't mix up old receipts with news ones and end up entering something twice. You'll also be able to manage your accounting data and turn complicated work into a simple task.

PS: We strongly recommend you check out the Practical Accountancy Loose Leaf service.  It will show you how to improve your cash flow, eliminate simple accounting mistakes, analyse your financial statements, identify errors, slash your audit fees and eliminate fraud in your company.

 

Vote article

Turn complicated accounting processes into a simple job by doing this
Rating:
Note: 5 of 1 vote


Related articles




Related articles



Related Products