DATA ENTRY & CODING
The data entry and coding of receipts and purchase invoices seems to be 'one of the easiest' jobs. It is commonly thought of as an easy task, I mean how hard can it be, I have brought some stationery, I have a purchase invoice, I enter the supplier name, date, reference number and the amount in to the accounts and allocate it to the stationery account; easy! But what happens when you buy postage stamps and there are two postage/carriage accounts, which one do you use? Or you buy yourself lunch while out for a business meeting, where does that go, or is it even allowable? Sometimes what can seem like simple tasks can be a bit trickier.
The key to good record keeping is consistency and extracting the data with accuracy and precision. Our data entry and coding has been streamlined using Receipt Bank, this means no paperwork; just take a picture or email it to your own unique, personal, Receipt Bank email account. You are now digital! This receipt or invoice is then transferred to Xero where we extract the required information and send a copy of the document to Xero so you can view it again in the future at any time!
TIME IS MONEY. DO NOT WASTE IT.
If you’re reading this and think ‘I know exactly what I am doing!’ Good job! Amazing! But consider this, do you have time? Should your time be spent doing these tasks? Or should your time be spent analyzing these numbers, growing the business and making decisions? We know that it is a very difficult job in itself to hand over the bookkeeping to someone else, so we don’t ask that you hand this over, we ask to work with you. We know that each business is different, each business has its own journey and we want to go with you.