3 bookkeeping pet peeves

Bookkeeping, Business - 19/05/2022

Bookkeeping is part and parcel of running a business. You can’t successfully run and manage one without staying on top of your accounts.

You didn’t start a business to spend all your time managing the finances, especially if it’s not your area of expertise. Plenty of business owners experience a number of pet peeves when it comes to bookkeeping. 

We’re here to give some simple solutions that can save you time, energy and money. Let’s take a look.

You’re wasting time manually entering all your data

In the good old days, Excel spreadsheets were a saving grace when it came to time management. You didn’t have to write everything out in the books. A simple click of a button and a few input automations and you were good to go. 

But technology has advanced far beyond the days of Excel. A lot of business owners find having to manually enter all of their data into a spreadsheet takes much more time than it should. Time that could be spent on other valuable tasks.

That’s why investing in automated accounts management software is so beneficial for your business. You don’t have to spend time manually entering your data, it’s all done for you. It’s quicker, more efficient and more streamlined, taking a real weight off your to-do list.

You’ve overlooked little (but important) details

This often comes hand in hand with manually entering data. We all write a typo from time to time, but typos in bookkeeping can cause some serious problems. Something as small as mistyping a decimal place can be the difference between knowing your business is in the red or in the black.

Or you might find yourself entering the wrong data in a rush to get the bookkeeping done. When you don’t have time to double check your accounts, you’re much more likely to make mistakes.

Again, this is where automated accounts management software really comes in handy. After all, no-one can beat a computer when it comes to accuracy. And you don’t have to worry about checking and double checking for mistakes when the software does it all for you. 

You might be thinking, ‘investing in automated software is a great idea, but I have no clue how to use it’. That’s where Numero can help. We offer specific training in a number of different accounting software, so you and your team can reap the full benefits.

Your reports are out of date

You can’t make informed decisions about budget, goals and other financial aspects of your business if you don’t have a clear, up-to-date picture of your accounts.

If bookkeeping has taken more of a backseat, you may not be updating it as regularly as you should. That means you won’t be 100% sure of your business’s financial picture, which could lead to misinformed decisions that could really damage your future finances.

A great way to solve this is through outsourced bookkeeping. Leave the accounts to an expert who will prioritise keeping your accounts completely up-to-date, so you can make financial decisions knowing all the details.

Thinking about outsourcing?

If any of these pet peeves resonate with you, it’s time to think about outsourcing your accounts. That’s what we’re here to do. 

For more information about working Numero and getting your bookkeeping on the right track, give us a call today.