How can I keep accounting/books neat and in order without taking up too much time?
Looking for some easy and simplified bookkeeping tips. I have limited time to spend in the office and keeping track of everything has been time consuming.
Hope you are using QB. When you write check to vendors, you better write direct from your accounting system instead of handwriting. Download transactions to QB at least 1 time a month.
I use online accounting software that I can assess on my phone, it means that I can do my books on the train on the way into work or when waiting at the doctors etc with minimal fuss.
an online package also means your accountant can have access to it too.
I think the thing to remember is to keep on top of it, the worst thing is to get to the end of the year with a box full of receipts as noone wants to sort that (except maybe an accountant!)
Just Install Quick Book or Tally Software for your easy and simplified bookkeeping
Have a look at Xero. It's cloud based so you can access from any device anywhere. The transactions are remembered so each time the same payee or description is input, it automatically prepares the account allocation.
I would say it has saved my business 75% in processing time.
i have set up many businesses and trained staff or owners in Xero. All have excelled.
Please contact me if you require setting up Xero.
All the best
On windows quickbooks, on linux I use GNU cash but here are some alternatives which should work on whatever system you are using. http://www.opensourcealternative.org/alternatives/business/open-source-alternative-to-quickbooks/
the easy answer is to hire me or someone like me. A trained accountant goes along way towards keeping your books in neat and working order. I work with many restaurants and develop a solution that works for them.
TIPS : to have clean and neat accounting books for business.
1. make double accounting entries on daily basis in your accounting excel sheet or software.
2. do proper documentation if you have record entries in books
3. Install accounting software or build proper ecxcel sheet to record data.
with the help of the above tips, you will have effective data for accounting to record.
Accounting to business is what Respiration is to a living being, it should be developed and made into as natural as possible. After all what's the use of all the toiling if you need to rely on somebody to find out how are you doing...! All the best!