January 7, 2022
If you’re an independent bookkeeper, you know that being great at what you do is a bit of a double edged sword. On the one hand, when you have a great reputation, you are likely to be in demand, and that means more clients. Which is great for business, but not so great for work-life balance!
The secret lies in finding more hours in the day. The only way to do that is to find new ways to speed things up, streamline processes and automate more of your work. So, in the interests of letting you take back your life and find work life balance this year, we give you the best software for bookkeepers in 2022.
If you’re an independent bookkeeper, you might work for many different accountants, companies, and finance professionals. They probably all use different software, spreadsheets and more, and you’ve got to make it all work together and get the job done. If you (and your clients) use LiveFlow, you can use the import and export functionality (and Google Sheets Add-on) to make information sharing simpler.
One of the biggest factors in the functionality of any labour saving bookkeeping automation tools is the ability to integrate with other platforms. Since LiveFlow already works with Google Sheets, you can easily automate your month-end reporting process for each client by setting up your dashboards just once. That’s a smart time saver.
There’s a reason QuickBooks is the biggest name in the SME bookkeeping and accounting software game. They’ve been around a long time, they have most of the features you need built right in, and once you master the basics, it will shave hours off your day. If you’re working with companies that don’t have QuickBooks access, you can use the LiveFlow Google Sheets Add-on we mentioned above to prepare reports for managers and business owners.
TaxDome is specialist software that is designed specifically for tax management. Keeping track of small business taxes is usually a massive job, but this software lets bookkeepers, accountants and finance professionals enter and manipulate data quickly to see what different options will look like come tax time. Getting a head start on taxes throughout the year also means you’ll have a much less stressful tax season! Again, that’s great for work life balance!
Neat is a document management solution that helps small businesses to keep track of paperwork and to go paperless. If you’ve got the kind of clients that arrive with a shoebox full of receipts and a smile, then adding a tool like this to your own business is a great way to cut down on work and stress. Sign up for NeatFiles yourself, have your clients sign up too, and they can add you to their accounts and share scanned financial documents including receipts and invoices as they receive them. No more shoeboxes, faster, more organized data management, and better work life balance, all from one software platform!
If you can bear to relinquish some of your control over some of the more tedious functions of the bookkeeping process, then Verify can help you to free up a lot of time. This software is designed to be used by accountants and financial professionals and uses high tech AI to complete many of the more repetitive tasks like data extraction from documents that usually take up a bookkeeper's time.
While you should always do your own spot checks and testing, once this system is set up, you can save a lot of time by automating your expense management.
There’s a very old saying that time is money. As an independent bookkeeper, you know that’s true. You sell your time to companies, to help them get their books in order and get a handle on their company finances – but there are only so many hours in the day.
This not only limits the amount of work you can take on (and your earnings) but it also means if you do increase your workload, something else has to give.
Smart automation and integrations are changing the way bookkeepers, accountants, finance professionals and business owners approach the accounting and bookkeeping process. By investing in smart tools like LiveFlow and some of the other software suites we’ve mentioned here, you can reduce your hands-on time. Which means you’ll have more time to spend on other things, while your smart tools get things done for you.
Achieving work life balance and still being successful as a bookkeeper is not about working harder. It’s about working smarter. Fortunately, there are a lot of new tools you can use to do just that. So, it’s just a matter of figuring out which ones work best for you and your clients and making the change.