Now that we’re officially in Q4, it’s time to start looking forward and making plans to streamline your accounting workflow for the year to come. Luckily, there’s still enough time to smooth out your processes before tax season is in full swing.
A good workflow is essential to a good business. That’s why it’s vital to establish a workflow that is effective, efficient, and error-free. Though it may sound like a Herculean task in and of itself, establishing a great workflow is as easy as taking a few simple steps. Without further ado, here are four ways that you can streamline your accounting workflow before tax season 2024!
Update Your Tech
One of the many obstacles slowing down your workflow is outdated or cumbersome tech. You should be regularly taking stock of your tech stack to decide what’s working, what should be replaced, and what tech gaps need to be solved. Having the right tech that integrates well with your other apps will save you a ton of time in the long run.
Are you looking for a new accounting software? Be sure to try out our free demo to see if Aero Workflow is a good fit for your company!
Standardize Your Procedures
If you want to streamline your accounting workflow, you’ve got to standardize your procedures. You know that saying about how you shouldn’t do the same thing every time and expect different results? Well, that’s great for business! When you do the same thing every time, your results will be as standard as the procedure. You can reduce errors and work efficiently by documenting your processes and having a clear system for each task that your team needs to take on.
Fix Your Filing
If you don’t have a great filing system, or if you store documents in a myriad of places, now is the time to fix your filing system. Anytime you spend looking for misplaced files is time you could spend doing more important work. You can also go the extra mile and move towards a paperless practice! Using cloud storage can help you ensure that not only do you lose your files, but you can always back them up too.
Embrace Automation
There are plenty of repetitive, simple tasks that automation can take off your hands. These monotonous tasks, even if they are easy, can drain your time and resources. Instead, let automation tools take them off your hands. The time you would usually spend writing down expense reports or sorting invoices can instead be spent doing much more productive things. Plus, automating means eliminating human error from the equation!
Now is the perfect time to get your business in order. After taking these four steps, you should find that your workflow is more efficient and effective. Are you tackling any updates before tax season 2024? Let us know your Q4 goals down below AND what aspects of your workflow could use some improvement!
