Time – never brought back again
Time is an illusive beast and is the most valuable commodity in the world. this is because once spent, you can never get it back or get more by buying it. We all know the old saying of “time is money”, well it is 100% accurate. Today, more than ever, is saving time or spending your time more effectively been more important. This is especially critical in the busines space. Many clients have told me that, they simply don’t have time to do ‘the books’. Obviously, we help them out.
How do I tame this illusive beast?
The best way currently in terms of saving time in ‘doing the books’ is to get an accounting system that works for you. A system that captures your bank statements automatically so you don’t have to capture it or pay someone to do it for you, the way to go. I have noticed that this can save up to 50 – 60% of spent on clients bank statements.
SO WHAT? you ask
Well, this saving means that fees paid can include services that were initially out of your budget!
Time saved = money saved = more business advice.
No one can argue with this! You may think that it is only me that says this but Xero Accounting says it too. They did a survey of “230 accountants, financial directors and staff across nine provinces in South Africa” and this proved this fact. Please go and see the results here, even for non number crunchers, they are very interesting indeed. Here are some highlights:
- “57% of cloud adopters spend less than an hour a day on manual processes” An hour a day, 5 hours a week, 20 hours a month. That’s almost a full day saved! This is a lot of time to do other business activities
- “Non-adopters are twice as likely to spend more than an hour a day chasing up emails” No one wants to do this.
What does this mean?
If you want to save this much time, it is better to use cloud software and to save even more, it is best to outsource the work to BC Accounting! We are accredited Sage Business Cloud Accounting advisors and Xero advisors, whatever the solution, we have got you covered. Contact us for more information