Image credit: expensewire.com
If you are in business you will be acutely aware of the fact that a high percentage of your time is spent carrying out tasks that have nothing to do with serving your customers, or building your business.
Naturally, many company owners find this extremely frustrating. It is all too tempting to let these day-to-day tasks slide and focus instead on marketing and growing your business. This can work for a while, but eventually you will end up with huge problems that could lead to your business having to fold.
For example, many business owners neglect accounts related tasks. As a result, they end up being unable to fill out their tax return accurately, which can lead to problems with the tax authorities. Others fail to keep accurate expense accounts, which can mean that they end up paying more tax than they really need to.
The best way to reduce the chances of your ignoring these vital tasks is for you to invest in good quality tools. The easier you make it to complete these jobs the more likely it is that they will be done.
Expenses Software
Take your expenses for example. This expenses management tool can considerably speed up the input process. It allows each employee to update their details as often as they need to throughout the day, and do so from practically anywhere. This is important, because studies show that doing their expenses is something that most people put off. Often they continue to do so for weeks or even months at a time.
This means that your accountant has to waste time chasing them up. They end up wasting time that could certainly be spent more productively. In addition, the member of staff spends far longer than they need to do their expenses. It is far faster to enter receipts onto a database as you get them than it is to scrape them together, sort them into date order and then key them in. Often, employees cannot remember exactly what a receipt if for, so end up guessing. Often they guess wrong, which means that your business expense data is not 100% accurate.
The other problem is that paying your staff expenses late, because they do not file them on time, can lead to cash flow issues. You can easily end up paying several months of expenses in one go, which can make a big hole in the balance of your business account. Effectively not staying on top of your firm’s expenses can create a cash flow issue, one that is 100% avoidable.
If you have other day-to-day tasks that you are struggling to get done, it makes sense to look for tools to help you with them rather than just neglect them. You can find out more about buying business software by clicking this link. Investing in your back office operations will help your staff to work more efficiently, which will in turn allow them to focus on core tasks like sales and delivering for your customers.
B2B Content Marketing Agency London
Marketing Fundamentals Ltd is a B2B Content Marketing Agency in London that creates Content and manages Social Media for Professional Services firms. We hope you find this information useful.
If you would like our help creating and executing a Content Marketing Plan for your business or organisation give us a call on +44 (0) 845 2264 247. You can also email us via mail@marketingfundamentals.com
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Marketing Fundamentals Team
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This is blog post post number 370. This is a featured post.
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