October 2020
Beginner
400 pages
9h 48m
English
Content preview from Bookkeeping for Dummies, 3rd Edition
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Chapter 21
Ten Tips for Doing Your Books in the Shortest Possible Time
IN THIS CHAPTER
Arranging for the bank to sweet-talk with your accounts
Saving brain drain by allocating transactions automatically
Avoiding entering heaps of irrelevant stuff — keep personal transactions separate
Getting paid on the spot with smart technology
I don’t mind bookkeeping. Recording transactions is peaceful enough, and getting the bank to balance can be strangely satisfying. Yet what do I do prefer — bookkeeping or an afternoon at the beach? Bookkeeping or a stolen moment snoozing in the sun? Bookkeeping or a long chat on the phone with my daughter? You can guess.
So in the spirit of having more time for you and less time in front of that darned computer, I’m going to share my all-time favourite bookkeeping speed tips.
Get Connected with Bank Feeds
I talk in detail about bank feeds in Chapters 2 and 5, but the basic idea of bank feeds is that you hook up your accounting software with your online banking so that all your banking transactions appear automatically in your accounting software.
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.