Every business has to face at least one tricky challenge in common: to keep its books organized. That might seem like an easy task if you are an accountant or a bookkeeper, but that’s not always the case.
The vast majority of small business owners end up having to organize the financial/documental part of the business by themselves to save some money or just to keep a close eye on them. Organization is a crucial part for every business’ success, and here are some valuable ways to start improving your operations today.
The first action you can take to integrate and organize your company’s books is to digitalize every single piece of document you might have. That’s right, even that small parking receipt from two months ago or that hotel bill that you paid during the last conference you attended–digitalize it! Documents that are stored in digital format (e.g., PDF, Docx, XLS) are much easier to handle and to access, which can be a huge time-saver. Or if you want to customize and convert the format of the documents you are storing you can use simple and extremely efficient tools such as Able2Extract to get the job done for you.
Also on the same line of digitalizing documents, a crucial measure to increase your books data security is to upload it to the cloud. This allows companies to store all the information they need in the cloud, which means that the data will be saved in external servers that can be accessed from anywhere at any time. Plus, some cloud service providers such as Welcome Networks presents the users with military-grade security for Virtual Desktops so they can have peace of mind about any hacking attempts.
Another highly necessary and important point to optimize books is to utilize online accounting software instead of the old fashioned offline desktop systems. Since these web-based applications allow you to send invoices, pay bills, do bank reconciliations, and to obtain reports of the most variables types, these web apps operate in the cloud and are the latest trend in the market.
An excellent example is SlickPie cloud accounting, a free software that even offers a source file attachment feature for companies to upload financial documents that are related to their transactions directly to their accounts, which can also be used in combination with Able2Extract to generate double the optimization value.
These software programs will drastically improve your business overall productivity since it will basically show you a financial x-ray of all your transactions through cash flow statements, balance sheets, and all other pertinent records registered in the system. And the best part is – it will all be just one click away to be accessed from any desktop or mobile device.
All these solutions need to be integrated and applied to increase the effectiveness in the company’s books. This will strengthen the business with top trend tactics that are being used by the main players in every industry, and it will grant your company with advantage points over your competitors’ procedures.
By putting these practices into action, your company will save time, money, and it will be much more secure to provide any financial documents whenever they are needed, regardless of environmental conditions.
If you were still waiting for the right time to come to embrace digital innovations to fully optimize your company’s books, now is the time!