The 10 Question Bookkeeping Review: is it time for change? - PowerPoint PPT Presentation

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The 10 Question Bookkeeping Review: is it time for change?

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Here’s the thing. Cloud accounting saves time and it saves money. We have seen it firsthand in our own business and also with our clients. Time and money are like the holy grail of small businesses. We all want more of it! – PowerPoint PPT presentation

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Title: The 10 Question Bookkeeping Review: is it time for change?


1
The 10 Question Bookkeeping Review is it time
for change?
2
  • How to Conduct an Internal Bookkeeping Review
  • There is a very famous saying if it aint broke,
    dont fix it. True in some cases but absolutely
    not true when it comes to bookkeeping and the way
    you run your business.
  • Sometimes we get so caught up in our business we
    never get a chance to float above it
    (metaphorically speaking!) and look at the cogs
    of the process engine to identify things slowing
    it down.

3
  • Sure, something might not be broken but there may
    be a few cogs or processes that are cumbersome
    and groaning under the weight of the growth of
    your business, any strategy changes you are
    making or changes in customer expectations and
    behaviour.
  • Its always good to have regular reviews of the
    different components of the business online
    marketing, logistics, business development, sales
    approaches, safety, repair and maintenance and of
    course, bookkeeping.

4
  • We find with the clients that come to us after
    theyve done a review theyve realised that their
    traditional desktop approach to bookkeeping has
    worked but as other parts of the business ramped
    it up with technology and online communication,
    desktop bookkeeping got left behind.
  • It became a cog in the business wheel that slowed
    the entire engine down.
  • They identified the issue, researched
    alternatives such as cloud accounting, made the
    switch with us at Cornerstone and have never
    looked back.

5
  • SO! How should you review your bookkeeping
    approach? Here are 5 simple questions you can ask
    about the current capability of bookkeeping
    process?

6
  • Have you streamlined your finances and internal
    processes within the last 12 months?
  • Are you taking less time to complete your payroll
    every week, fortnight or month?
  • Are payroll changes to tax and superannuation
    laws set to automatically update within your
    accounting software? (hyperlink this to landing
    page for Payroll book)
  • Can staff prepare quotes and sales invoices
    remotely and on the go wherever they may be?
  • Can you be sitting at the airport with the
    capability to download the companys latest
    profit and loss statement reflected in real time?

7
  • Hmmmmm.if youve answered NO to at least one of
    those questions, it may be time for a re-think of
    your bookkeeping approach.
  • But we dont want to be presumptuous! Lets ask a
    few more questions and see how you go.

8
  • Are you collecting every receipt manually and
    placing them in a bag or envelope to give to your
    bookkeeper every month?
  • Do you reconcile your bank statement manually
    every month?
  • Is there delays in distributing employee pay
    slips?
  • Are you manually submitting your employee
    superannuation contributions?
  • Are you transferring desktop accounting files to
    your accountant?

9
  • Okay. If you answered YES to one or more of those
    questions, its time to look at cloud accounting
    as a bookkeeping alternative and a smart business
    strategy.
  • Heres the thing. Cloud accounting saves time and
    it saves money. We have seen it firsthand in our
    own business and also with our clients. Time and
    money are like the holy grail of small
    businesses. We all want more of it!

10
  • The old style of bookkeeping is costing you
    money. Money and time that could be invested in
    other areas such as business development,
    research and customer connection that could
    really kick-start your business to a whole other
    level. Were talking thousands of dollars a year.

11
  • Knowing which systems to introduce to your
    business and how to implement them is as easy as
    picking up the phone and speaking with
    Cornerstone. If youre anxious about the
    technology, dont be. We are experienced with
    cloud accounting. In fact, its the only form of
    bookkeeping we use with our clients. We can help
    you identify the best way forward to make
    financial management easy for you.

12
  • Its time to put your hand on the phone and your
    head in the cloud.
  • If you have any questions regarding your current
    situation please feel free to call us here. We
    can show you in 30mins or less how to streamline
    your business. (Hyperlinked to contact page)
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