As a business owner, saving time on bookkeeping will have a positive impact on both professional and personal lives.
Bookkeeping is essential, but it can also be one of the most time-consuming tasks in your business. The good news? With a few tweaks and the right tools, you can free up hours every month to focus on growth, strategy, or even just reclaiming your evenings. Here’s how:
1. Embrace Receipt Management Software
Tracking receipts can be a headache, especially if you’re dealing with paper receipts and manual filing. Simplify this process by using receipt management software like Hubdoc, Dext or Apron. Check out our recent article that compares these apps.
These tools allow you to snap photos of receipts, extract data automatically, and integrate directly with your accounting software. No more scrambling through drawers or wallets when tax time rolls around.
2. Use Smart Payment Solutions
Manual payments can be a drain on your time, especially when managing payroll or paying multiple suppliers. Consider using payment solutions like Apron or Telleroo, which allow you to make bulk payments easily and reduce errors.
By automating your payment process, you can focus on more important tasks while ensuring your team and suppliers are paid promptly.
3. Streamline Your Credit Control
Chasing unpaid invoices? It’s time to take control with modern solutions. Set up direct debits for recurring customers using platforms like GoCardless or Stripe. These solutions eliminate the need for manual reminders and ensure timely payments, making it easier than ever before for your customers to pay you.
For those invoices that do need chasing, consider using software like Xero with automated reminders or a dedicated add-on like Chaser. These tools can handle the follow-ups, helping you maintain healthy cash flow without the awkward emails.
4. Automate Wherever Possible
Many bookkeeping tasks, from reconciling bank statements to categorising expenses, can be automated. Ensure you’re leveraging the full power of your accounting software. If you’re not sure how to set this up, this leads us to the next point…
5. Know When to Call in the Experts
Sometimes, the best way to save time is to bring in someone who knows how to streamline your bookkeeping for you. That’s where experts like Brisan come in.
At Brisan, we offer a range of services to help you save time and make your bookkeeping processes more efficient:
- Outsourced Bookkeeping: Let us handle your day-to-day bookkeeping so you can focus on running your business.
- Training for You and Your Team: We can train you or your staff to use modern tools like Xero, Dext, and Chaser effectively.
- Process Audits and Improvements: Not sure where you’re losing time? We’ll audit your current systems, recommend improvements, and even implement them as part of a one-off project.
How can Brisan help?
By embracing modern tools, automating repetitive tasks, and bringing in expert help when you need it, you can save significant time on bookkeeping this year. Make it your resolution to invest in smarter solutions. You’ll thank yourself when you see the hours (and stress) you save.
Ready to make your bookkeeping processes work for you? Get in touch with Brisan today and let us help you start the year on the right note.
