Streamline Your Accounting in 5 Steps: A Guide
Lucky for us, the wheel has already been invented so no need to re-create it!
The number 1 thing I see in businesses looking for help is that their system has failed leaving them behind with their numbers and unsure where they sit financially. The system has failed because it is ineffective, inefficient and in essence there isn’t a system. It benefits your business to take the time to create one that is simple and easy for staff to follow. Building a solid process is similar to building a house - the most important step is the foundation or the framework it sits upon will crumble to the ground.
In 5 simple steps, you can get back on track. Most importantly, follow step 1 and the rest will organically create itself.
Create a workflow roadmap
Eliminate double-entry (no more spreadsheets)
Use technology to digitize the collection of paperwork
Reconcile reconcile reconcile
Run monthly reports and review (seek assistance to understand them)
S.M.A.R.T. Goals May Be The Answer
You may need to go further back that our 5 steps and re-create the wheel. A great place to start is with S.M.A.R.T. goals. I learned about the S.M.A.R.T Goal Setting method in 2021 and have used it in my business ever since. It focuses on Specific, Measurable, Attainable, Realistic and Time-bound methods to create a pathway into your future.
What goals are you setting that fall into those criteria?
Once you have set your sights on goals, all of the things that you may want can be easily accommodated into your life on a daily basis with the very simple practice of time blocking. The concept is simple. The execution is difficult.
Time blocking sets aside a specific set of time in your calendar on a daily or weekly basis where you focus on one thing and one thing only. It is time that is never moved, never changed and becomes a non-negotiable. The trick to making it work is that last part of the previous sentence - it is a non-negotiable.
Set aside one hour 3 days a week and prioritize one thing that will make you feel better, a bit lighter, and feel like you accomplished something important just for you. Promise yourself that no matter what gets thrown your way, the time block you set aside will not change.
If you find you are still stuck, we are here to help. We enjoy seeing our clients #succeed and get back on track. Financial abundance starts with managing your money.