Top tips to get your accounts sorted in 2018

Top tips to get your accounts sorted in 2018

2018 is here, so it’s time to get organised and ready. There is nothing worse than an overflowing bag of receipts or piles of bank statements that seem like they’re never-ending. Take control so your 2018 is less stressful in the office than your 2017. There are a variety of simple yet effective strategies that you can put in place to ensure you stay on top of your accounts this year. Here are some top tips on how to manage your accounts all year round:

1. Schedule in your time

If you pick a particular day, time or date to check your accounts or meet your accountant, this can help remove the stress and fear of the unknown and leaving things until the last minute. Whether you decide to phone your accountant on the first Monday of the month, sit down and commit to searching through invoices and receipts on the 15th of each month, or you sit down at the computer and look through your cloud accountancy – it’ll be worth it when it comes to sorting out your accounts.

2. Choose a system and stick to it

Whether it’s an online folder or a filing system in person, commit to a system to keep yourself organised. As business owners need to keep detailed records in case of an audit, it’s important you are able to know and source all the information you need, when you need it. Use simple things to make your life easier such as labels. Chronological order is always a great idea and remember to keep specific information together, such as payroll.

3. Save your invoices and emails online

When you have everything online, you know it’s in one organised space and you can create backup files on your computer, on the cloud, or external pen drives and hard drives, so you know you always have a copy of your important information somewhere. It’s a good idea to keep all your security on your laptop and smartphones up-to-date to avoid any hacks.

Make taking control of your accounts your New Year’s resolution and if you require some guidance, contact us to see how we can assist in getting your accounts in order.

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