When you run a business or organization, knowing where the pennies – or nickels – go is critical.
It seems so simple right: money in, money out.
Well, the IRS estimates that Americans spend $30,000,000,000 on tax preparation in a single year. Just a single year and that includes all the software, accountants, bookkeepers, and likely many hours of head scratching on the clock.
How many of you have had a question from your accountant about receipts, bank statements, deposit slips, or the myriad other ways that money is tracked?
We all have and the shared experience of (gulp) “oh, shoot!” is dreadful. Besides the anxiety, the cost of fixing the problem can be very high. Paying a higher priced professional to fix your problems in her most demanding time of year isn’t cheap. Wages for accountants and tax preparers can be $250 per hour or more.
There’s a better way and I’m just going to highlight one aspect here.
In addition to having an affordable bookkeeper who specializes in the apps you use (like Quickbooks) working with you through the year to solve problems early and inexpensively, you need a tool to collaborate on all those documents we mentioned earlier like bank statements. Even if you have a bookkeeper, collaborating on the numerous questions that can arise out of a mixed use credit card statement can be overwhelming.
A great way to avoid the pain and time cost is to use a cloud-based document markup service like CrocoDoc.
It enables the closest thing to both of you standing over the same document and eliminates the need to first explain the context of the question only to then get to the real question.
For bookkeeping, you can avoid the end of the year mess by evaluating your bank and credit card statements, deposit records, and other financial documents including small conversations in context on top of the document. All of this can be saved for future reference if needed.
This can save lots of time, effort, money, and lost sleep. Elevate with Delevate and we’ll show you an example with your own statements in your first risk-free week.
Sign up and let us know how CrocoDoc.com helps you below or – better yet! – a good time to chat on the right about how our CrocoDoc using team can help your accounting and bookkeeping efforts.