To remove doubt and streamline processes in your business, why not employ some of the techniques that professional bookkeepers use for their clients?
One of these techniques is using checklists.
Here are some examples:
- At the end of every financial year you need to get your paperwork organised for your accountant. What was it they needed again?
- You have hired a new employee. You know they need to fill in some forms – some need to be sent off, some are kept on file and some are given to the employee – and you want to make sure you have all the right ones completed in the correct timeframe.
- You are completing your Business Activity Statement. You know there are some end of period procedures you should be doing first, and what were those reports you were meant to be looking at? Wasn’t there something you were meant to be reconciling?
Also, once you have a trusty checklist to refer to you will save time with your bookkeeping. You won’t be going back and forth checking websites, pulling out books or asking other people.
Besides those 2 great reasons to use checklists that I just mentioned – isn’t it fun ticking items off a checklist (or is that just me?).
Side Note: For readers who didn’t think it was possible to use the words “fun” and “bookkeeping” in the same post, I have another post written back when I started blogging a couple of years ago you may like to read: The post in which I mention bookkeeping and fun in the same sentence.
Checklists have served me well in study as well as in my work and business life. Can you think of some aspect of your business or work life that could be improved by the simple act of creating and using a checklist?
Some more quick tips for the busy small business owner:
- Cashflow – Tip for Small Business
- Cashflow – Another tip for Small Business
- Bookkeeping tip – Queries for Accountant
- Top 5 Bookkeeping tips