Time is money. If we fail to use our working time to earn money, we are in effect losing money.
As entrepreneurs, we are all familiar with the concept of time as a perishable resource. As you review your goals and objectives for 2016 , commit to using technology to your advantage.
One of the best time savers we know, use and recommend at The Art of Accounting is connecting bank accounts and credit cards to QuickBooks Online. It’s no wonder that QuickBooks is Canada’s number one best selling accounting software solution for business.
You can save time and reduce errors by downloading your transactions directly from your bank and credit card accounts from a secure online connection. QuickBooks Online allows you to set these transactions up to download automatically, or you can choose to download them manually. Here is a link to the QuickBooks QuickGuide, which covers the essentials you need to know to take advantage of this time saving feature.
Based on our experience, once business owners and office managers embrace the technology behind QuickBooks Online, they are amazed and delighted by the amount of time it saves – which means the saving of money! And as if saving time and money wasn’t enough, you can reduce data entry errors too!
As accountant/bookkeepers, there are three things that bug the heck out us.
- Wasting time doing manual bank reconciliations
- Looking for errors when a bank reconciliation doesn’t balance
- Physically digging for a piece of paper in a filing cabinet (somewhere in a far off galaxy) whenever some calls to ask a question about a transaction.
Using the bank feed properly provides all the same information – at your fingertips. You get a call, you access the computer file, you answer the question – just like that! Look how easy it is to link your bank accounts or credit cards for automatic bank feeds:
Becoming knowledgeable and comfortable with QuickBooks Online allows users to take advantage of its powerful features. Contact us to find out more about QuickBooks training sessions as well as live webinars that will help you and your business grow.