It doesn’t take an accounting degree to know that accounting can be mind-numbing and perplexing.
You may blame it on the double-entry system that states, for every credit, there is a corresponding debit somewhere or perhaps, just the mere attempt to equate it is when all the confusion starts.
Is accounting really that hard?
Well, the truth is, it may be, but accounting made easy is your choice to make!
Accounting is the lifeblood of every business and something that an enterprise cannot-do-without.
Yes, for others dealing with numbers can be complicated and utterly boring but, we cannot get rid of accounting because like it or not, it is an integral part of every business.
Easy or hard, one can work its way through accounting.
Here are some awesome things to consider to help make accounting work for you!
1. First, make a quick history check.
Before reaching the now, there is then.
Accounting has gone through many centuries and phases under various technological advancements and economic growth.
From the early scribes of Mesopotamia, the Roman bookkeepers and the tax collectors of old to Luca Pacioli’s double entry accounting, a tinge of appreciation of how accounting has evolved can definitely stir-up some interest from you, so you can go on with your bout with these numbers.
2. Second, value its importance.
Where there is business, there will always be accounting.
It is essential in business as well as in everyday life.
A process of recording, summarizing and analyzing financial data is what accounting is all about.
Take it.
You just can’t disregard accounting.
Some would say, it is the language of business but significantly put, it is the lifeblood and the driving force of every business.
3. Third, identify your needs.
What is the profile of your business?
Are you a start-up company that does not need too much accounting?
Or are you one that wants to excel in your field of expertise and automation is in the works to put you up there?
Accounting made easy, that’s what you need.
4. Fourth, find the right tools for your business.
Accounting seemed difficult in the past because most people have not found the right tools just yet.
Doing business accounting in the ‘80s was loathsome for most.
It was too backward and slow.
But today, there are many great tools to choose from to help monitor income and expenses, most of which, either an accountant can do or an online accounting software that can more accurately perform these tasks.
5. Fifth, know the role of accounting in your business.
There are four major roles in accounting: income and expense recording, monitoring investments and savings, calculating profit and loss and managing income and expenses for government requirements and tax purposes.
What does it do best for you and your business?
6. Sixth, decipher the difference between hiring an accountant or getting an online accounting software.
Would you rather let someone do the calculating and accounting for you?
Or you let technology take-over and consider an online accounting software to hasten and turn things around?
Financial standings vary and although it is necessary to bring in outside help, using an online accounting software allows one to categorize specifically income and expenses throughout the year automatically – instead of taking too much time with an accountant trying to manually sort it all out.
Imagine a year’s worth of transactions, can manual accounting do that? Well heck, yes, but you probably will die a slow death.
7. Seventh, decide.
Tough decision to make?
Do you want easy accounting that works?
Consider this.
Although having an accountant makes it more personalized and relationship-based, it is obviously more costly and most often, prone to human error.
Finding the right and well-qualified accountant may be more costly than just having an online accounting software that is a turnkey solution to your business needs.
8. Eighth, search for the best online accounting software for your business.
These days, online accounting software is really helpful and makes accounting easier and less of a hassle!
Indeed, there is easy accounting that works! Modern online accounting software packages are so user-friendly and integrated these days that there is little to none for accountants to do anymore.
Most often than not, accountants just sit around, twiddling their thumbs while the software does most of the job.
There are many free online accounting systems available, just search and choose the best one.
All it takes is the migration, setting up, testing, synchronization and then it is up and running!
9. Ninth, go for it!
The time is now.
Learning and adapting to something new takes some time and also requires a process.
Go through with it from choosing, buying, planning, implementing, migrating, training and finally getting the hang of it.
Go through the steps of easy accounting that works best for you!
Still can’t get your head around those books?
You see, accounting doesn’t have to be complicated and boring! Make accounting work easy for you with EasyFS.
Enjoy end-to-end online accounting software with ever-ready sales and inventory integration.
And here’s more, it is cloud-based, so you can even enjoy the comforts of your home with a home based set- up and still manage your business in real-time while getting those highly accurate reports on time.
A Software-as-a-service (SAAS) , Sales, Inventory and Accounting System designed for micro, small and medium enterprises (MSMEs), EasyFS is practically Accounting that Works!
Contact us now to request a Demo by filling-in this form.
