Bacn is the new Spam

Email Bacn

Bacn is simply spam you asked for. It’s the dozens of emails you get that you would like to get (sometimes) but they still annoy you and more importantly they chew up your precious time.
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Business Interruptus

Productivity is king, I have noticed I am most productive when isolated with controlled connectivity. Let me explain. By controlled connectivity I’m referring to having control in who connects to me and when. In this situation people can’t get me immediately on a land line, mobile, Skype or Instant Messenger but they can send me e-mails, leave voice mails or a message with our receptionist. This means I can work on that one thing I really need to get done.

stop interrupting me

Labs developers in our business have to get in a ‘zone’. I’m guilty of exploring ideas with our labs developers, which interrupts them out of their zone. This definitely has benefits for the business because we can get a quick, highly qualified feedback on IP allowing management to get new information that helps us decide whether to drop the idea or keep exploring it further. But what’s the hidden cost?

Where I used to work in an investment bank trading floor it was interruption extremes. Multiple phone lines going, sales people asking for prices, brokers shouting down open voice lines. Zero zone time. Coupled with other peoples conversations, laughter, TV’s blaring CNN or Bloomberg it all made for a testy space to think. You couldn’t write VB spreadsheet macro until after hours when it was quieter. You couldn’t think up interesting structured products or trading ideas during work hours. I used to do that late at night or 2am in the morning in front of the PC. That was my zone time.

I’m more and more convinced that some of the answers to solving this issue are in controlling the environment by having rules of interruption. Secondly, looking at it case by case. Asking ourselves who disrupts and why. Is it lack of training? Is it something they do to distract themselves? Is it to impress?

Great ideas in life come to you when you are thinking in chess mode. 3 steps ahead isn’t easy when you have a barrage of people and device interruption.

Dealing with interruptions

Self interruption – the shoulder devil

Let’s start with the least admitted but most common – You! Yes it’s you, that little voice in your head that says “go and get a coffee” or “no don’t do this task its boring, do something fun” or my favourite “that can wait until tomorrow”. This little shoulder devil is your worst interrupter of all. He will take you away from that task at hand that you had diligently decided was important. Probably a task that you scheduled and planned to do. Recognise this interrupter and give him the “Shh! Shh! Shh!”. (Picture Doctor Evil (Austin Powers) giving his son Scott the. Shh! Shh! Shh!)

Get questions into a forum or queue

This allows the answerer to answer in their own time. It allows other people to answer the questions which helps with turnaround time for the questioner. It allows prioritisation by a project manager, team leader or the like.

Improve information availability

How easily can someone find an answer to something in your organisation? For example if someone has a broken printer can they find the warranty themselves or do they need to ask someone? If a new sales person has a question about their client that goes back to when their boss used to look after them can they get notes on his conversations? Do you have access to original voice mails or emails for those conversations and negotiations? Systems answer these question, people don’t need to. The more available something is the less chance there is someone will need to interrupt you. We attach warranties, licenses, brochures or even voice mails and contracts against their related transactions in Saasu.

Search first, ask questions later

Create a culture where people “search first and ask question later” or try their own research path before disrupting people. Train them to assess the cost benefit of research versus asking. It’s quite simple really. If you spend 5 minutes and can’t even find a clue then maybe you should interrupt or log a support inquiry and move onto something else in the meantime.

You can scale interruption to your benefit

When you right down an answer to a question you can reproduce it a million times. When you speak it it’s lost forever. Procedure manuals and corporate intranets might seem a bit like a waste of time for smaller businesses but that attitude is most likely coming from a place of “sales is more important than anything” or “building my widgets comes first”. The reality is that most of us can type at least half as fast as we speak. Accordingly an answer to a question can be written on the fly. Simply adopt the policy that if the question is likely to be asked again that you answer it in writing instead of voice. Copy and paste to you intranet, wiki, faq, procedures manual or help system. This solves the problem for future people asking the same question and is a ready supply of training content for your organisation. Make sure this system is searchable.

Capture lots of info upfront BUT do it efficiently

I’ve lost count of how many times someone has asked me an accounting question for info that could easily have been gotten if the information had been available to them online. This was obviously a major reason we built Saasu as an online system and more recently the reason we are building in Employee Self Service (ESS). Actively build ways for people to solve the problems. By doing this you are coincidently getting more resource as interruption falls in your organisation.

Boomerang interruption

You throw a promise in the air only to have it come back and hit you in the back of the head. You say you’ll do something and you don’t so a person later interrupts you to call you on your promise (and probably at an inconvenient time for you). Not phoning customers or suppliers back has the same effect. They ring you and guess what, it’s probably not at a great time but being a service oriented business you have to drop it and help them.

The multi-tasker

The multi-tasker can have too much on the go at once that it becomes very inefficient causing self interruption. This person will really notice the difference when they are forced to work on one thing due to a circumstance. This happens to me when I take my kids swimming. I only have my Blackberry an accordingly I half an hour of uninterrupted email answering and archiving. I get more email done in this half hour than I do all day in the office.

Device interruption

Devices are just like people but just more persistent. People know sometimes to leave you alone when you have the “grumpies” on your face. However your phone couldn’t care less. It will buzz until you through it across the room. Limiting how devices interrupt you is my number one tip. It may have a slight accessibility cost but the net output you pickup helps more people and more powerfully, in a leveraged kind of way. It’s simply better, try it.

Turn interruptions into a serial stream instead of a parallel onslaught

A good example is a big todo list. Often you’ll have things people have asked you to do, little interruptions during the day can end up creating a big to do list for you. We’ll get straight with the interrupter. Tell them you’ll get back to them but I’m not sure when (I put them on my do later list which doesn’t have a time line).

Multi-tasking leave no room for interruption

If your a good multi-tasker you can get a lot done. The problem is that multi-tasking in itself is a skill. You are doing several things at once, it requires mental and physical agility. The question is can you take the interrupter throwing you an extra ball to juggle or is five balls your limit? Leave a little room for “overflow workload” as I call it.

Preventing interruption frustration

This one can really make a persons day miserable. If everyone comes to you because you know your u-know-what then you start to feel irritated, used, resentful (that you are continually saving the disrupter) etc. I have seen very good people leave organisations because their success has lead them to be an authority and accordingly they become everyone’s help desk for all their problems. Now that job begins to weary very quickly. Identify staff who like like becoming a victim of this and act fast.

Do hotel’s have the patent on a “Do Not Disturb” sign?

I don’t understand why we don’t use these more. We can do it with Skype and a hotel room but that’s about it. Get one for your office door to give you that hour you need on a mentally critical task. E-mail needs a virtual secretary it in my opinion. A great feature for a e-mail client would be an auto responder that tells you what the average reply time of the recipient is and not to expect an immediate answer. In sales this is a big no no though. There’s nothing stopping you responding with a 20 second email that reads “Thanks Jim. I’m just working on something. Back to you soon.” At least then they know you are busy and you have managed their expectation about getting an answer.

Is it really urgent

Have people learned to ask themselves this question before they interrupt someone who’s obviously in deep thought or occupied with something that would have them better left alone for the moment.

Are they really asking the right person

Are they asking the person who’s nice and helpful or are they asking the person who knows the best answer? This is what creates helpful person syndrome that leads to the helper sometimes, flipping their lid and leaving as everyone piles their problems on them.

Interruption overload

You have so many interruptions and problems of your own that you enter a weird realm of not being bale to prioritize. You focus is so shattered by all the interruption that you can’t think clearly. I imagine it’s a bit like a shell shock. I used to get this in my younger days but the trading floor environment taught me triage techniques which help you get around this. What you do is you stop, better still isolate yourself. an ask this one question 3 times. The repetition clears the mind. “What’s the No1 Priority? What’s the No1 Priority? What’s the No1 Priority?”. It will come to you pretty quickly after this because you have altered you mind trajectory. Just prior to doing this the little voice in you head is asking just as many questions as it’s hearing. This “question noise” in your head is the problem.

Cure for interruption-itis

People who have been interrupted one to many times get this disease. It makes them angry, blame the interrupter and just want to leave their job. The cure is to get a combi-van and go on a surfing holiday!

Got any more? Let us know.

Sustainable Business

SaaS Saves Trees - Do you Saasu?We are looking at sustainable business design. We want to be sure we are doing the right things in the new Saasu offices in the Sydney CBD, Australia. The offices will house labs, accounts and operations.

The work environment and how we work in it is one of the biggest sustainability factors we will face. However, it is second only to the impact we have at a global level by selling an environmentally sustainable product such as the Saasu web finance engine.

If Saasu prevents thousands of old style software licenses from being sold then we can facilitate behavioural change in the workplace that has a positive impact on the environment. Scanning instead of photocopying, emailing instead of mailing and signing in to the website instead of manufacturing CD’s and paper help manuals. The list goes on and on. This has a potential impact of saving thousands of trees, reducing energy consumption and many other ecological knock-ons.

Indirectly teaching thousands of people to do their work in a different way through SaaS technology helps humans achieve sustainable business practices and save money doing it!

Do you want a paper based help manual or a living tree as your legacy?

It’s your choice when you decide how and what you buy. That is the power of those who can and want to help by carrying and using a “green wallet” as we call it here at Saasu.

Aspects to be explored include; Ethical, sustainable, visually appealing, human habitable, brand building, a great vibe.

Our Eco List

Efficient use of resources

  • Scan it, don’t copy it – Create procedures which lead to scanning being the preferred option but still allow for copying. Let’s be realistic.
  • Less paper – but not paperless. Again, let’s be realistic:
    • 100% recycled and not heavily bleached – Look into the production cycle for the paper if you can.
    • Review you printer and their sources – We currently source from Whirlwind Print
    • Keep marketing collateral to a page or two at the most – Re-design layouts by collapsing the content into simple, tightly designed material.
  • No paper help manuals – paper presentations or otherwise are not offered to customers or prospects unless specifically requested.

SaaS Saves Water - Do you Saasu?

Effective use of technology

  • Subscribe to online services (SaaS) – Don’t buy boxed software! It has loads of paper manuals, cardboard dividers, plastic wrap. Producing it costs the environment a small carbon fortune.
    We love SaaS and don’t have to make any “green” apologies for it:

  • IP phones (VoIP) using existing internet infrastructure – Save installing and maintaining additional phone lines and services. We believe that if we aren’t using surplus capacity net energy cost could actually be higher with VoIP so think carefully about this one. We like the Philips VoIP 321
  • Fax to PC – Prevent the need to buy Fax machines and reduces phone line burdens. We use Mbox
  • Voice mail to PC – prevent the need to buy Voice mail telco infrastructure.
  • Downloads in lieu of paper – bank, credit card and some supplier paper statements are no longer necessary.

Saasu Green Web Finance Engine

  • Email invoices – increases cash flow velocity which improves economic efficiency. Reduces mail and paper burden.
  • Direct bank payments – less paperwork, easy to PDF or save as a file (saves scanning and printing).
  • Email payslips – save mail (fuel/capital), paper and preparation labour
  • Online time sheeting – saves faxes, paper and labour duplication.
  • Single data source efficiency – Duplication costs the environment. Having a single data source can create efficiencies in communication, report printing, backups, and other aspects.

SOHO’s and Telecommuting

  • Long term sea change – SaaS improves businesses connectivity to the city.
  • Lower transport consumption – SaaS enables work from home online.
  • Virtual Services – Saasu enables disabled bookkeepers to work without travel, web developers, secretaries and accountants can provide virtual services. They can service customer from their SOHO and reduce travel consumption and infrastructure requirements.
  • Centralised Infrastructure – In organisations like Saasu we need to look at the trade off that exists between additional infrastructure costs required for staff to work from home versus centralised infrastructure in an office. For example every home office needs a printer but the office can have everyone share one. Also the shared heating and lighting can create a net gain. Heating 100 employees in an office is cheaper than heating 100 separate houses or even the occupied rooms in those houses. These are the negatives that are sometimes forgotten in the Telecommuting equation. In short it isn’t clear without proper analysis on a business by business basis. Even then you need to analyse your logistics, procurement and sales impacts based on the SOHO worker versus the in-office worker.
  • Centralising people around an intermodel public transport – this is clearly a plus of CBD locations which tend to have everyone use public transport. Our old location wasn’t as convenient so there was more drive to work employees.
  • Office versus SOHO productivity has an environmental impact – consider productivity trade offs of working from home versus a central office location. For example if you lose 10% productivity across each employee then you have to look at the cost of this from a financial and an environmental perspective. A 20% loss in customer sales? Expending more resource to make up the shortfall in productivity? Lost sales of your green product or service – an environmental opportunity cost? What’s the net result? It’s never as simple as saying I helped the environment by working from home. 1st degree analysis is nearly always wrong in observing these environmental impact situations.
  • Discourage Driving – Not providing car spaces helps, make employees pay if they want a car space.
  • Office Bikes – Quick, cheap, and helps your staff get fit. Supply helmets!

Saasu’s Green Investments

  • Banking Green – We lend our cash surplus to the worlds greenest bank Westpac Bank
  • Green Investment – Saasu is an investor in the soon to be launched Carbon Offset broker/arranger Iceus

Maximise natural light in your office

  • Remove walls and use glass – Glass is expensive to produce in terms of energy but the life span savings are significant when it comes to decreasing the artificial light burden and reducing future waste by building with recyclable materials.
  • Light colour pallet advantage – Paint white walls and ceilings or in very light colours. Using colour for feature walls only means less pigments/dies are used and it intensifies the available natural light.
  • Reflective surfaces can help intensify natural light – Glass, aluminium and stainless steel surfaces are some examples.
  • Presence sensitive lights in lift areas – They’re off until someone comes out of the lift.

Scrubbing our air

  • Plants – preferably edible ones like chilli’s, herbs and the like that we can put in our Laksa’s!
  • Access to air – our balcony, employees can get some chill time in Hyde Park on their laptops.
  • Ozone – Using the photocopier less will mean less stinking ozone particles.
  • No smoking – Definitely a no even in outdoor public areas.

Making sure you have a Green Wallet

  • Know your footprint and know what it costs to clean it – We are calculating footprint in consideration of buying carbon credits with proceeds from subscriptions to offset energy used by our servers for the life of the subscription.
  • Green buying – Use portals like the soon to be released Iceus (plug) to track our footprint and buy green consumables
  • Recycled buying – recycled papers, print cartridges.
  • Glass and aluminium for in house drinks – In house drinks should all be bought in aluminium or glass preferably as they have the highest probability of being recycled.
  • Communal Media consumables – Magazines, newspaper and journals to be kept in common areas. Decline free publications where online version exists.

Kitchen and bathrooms

  • Washable towels – instead of paper kitchen towels.
  • Speciality or heritage dish – have a weekly or monthly turn by each person in you team make their speciality or heritage dish. It saves you consuming takeaway containers (saves time and money – food production in bulk). Helps you get in touch with what they eat, who they are. Food is an important part of community. Kas, one of our coders makes an awesome chicken curry with sambal (fried onion and chilli). Rips ya lips off!
  • No plastic utensils – no plastic cups, bags, cutlery.
  • Comfortable breakout area – time away from the screens is an essential mind refresh.
  • Get photos of where you drains go – photos of North Head and Bondi where our local outfalls are can be placed directly above the kitchen sink so no-one is tempted to drain anything that shouldn’t be.
  • No instant boil devices – keeping water hot for convenience is a luxury unless you have a very high turnover kitchen. It also wastes electricity overnight so if you need to use this method put it on a timer.
  • Kitchen sink drain trap – sounds obvious but they only seem to be in houses I’ve noticed.
  • Green cleaning products – make sure our detergents and cleaning liquids are eco-friendly. Orange oil spray is a great one I personally love.

Eco friendly Office Equipment

  • Energy Efficiency – consider energy used by computers bought. Reduce consumption rate by buying memory and not upgrading quite as often. Better to have one big 24inch screen than a couple of smaller screens. Net energy consumption should be lower (in theory). Review electric goods energy consumption before purchase.
  • Scanners instead of printers – keeping with our SaaS philosophy of no-paperwork.
  • Old Computer Recycling – computers are only entering their second life when they become second hand. Check out one of our customer who redistributes PC’s to offshore.
  • Avoid Batteries – Our new Macs and PC’s are mouses still with their tails! Wireless mouses require batteries which is a higher cost on the environment.
  • Devices on Standby – many don’t need to be such as shredders, permanent hot water boilers and photocopy machines. If you need it a lot your paper practices aren’t great, your scanner is what should be on standby!

Sustainable Office furnishings

  • Glass Top Desks – Reduce wastage and asset depreciation dollars. Achieve longer lifespan and total cost of ownership. Glass dates less than other materials and can be re buffed to revamp it. Even though it has high energy consumption in production when you look at it from a life cost perspective it is quite good.
  • Furniture Mobility – everything is on castor’s to allow for ease of movement and office redesign without knocking down and replacing walls.
  • Minimise Ducting – wall or wireless internet connections and low cable PC/Mac options.

Recycling

  • Obvious Candidates – Paper, glass and aluminium cans
  • Recycling Food Waste – An in office worm farm (Digital Eskimo’s suggestion – cool idea guys!). Remember don’t feed them meat, worms are vegetarians.
  • Mixed Recyclables Bin – For broken PC’s, old mobiles, printer cartridges and batteries as examples. Have a procedure for clearing the decks of these things once a month.
  • Non-current PC’s – give them to Surplus Remarketers and they will ensure they are sold or recycled to reduce landfill. We love this companies idea.
  • No under desk bins – they tend to collect mixed rubbish from lazy people!

Eco-behaviour

  • Empower you staff to come up with green ideas – Give your staff a gift, or an early mark for coming up with an idea that adds sustainability to your office.
  • Green Corporate Gifts – Emails instead of cards, corporate worm wee (idea from Digital Eskimo), donate to charity in lieu of gifts.
  • Green Conference Locations – Choose conference locations based on the venues environmental track record.
  • Beat Your Green Chest – Tell our peers and customers about our sustainable office practices so they catch the sustainable bug.
  • Banned Products List – Make sure that you have a banned products list.

Sustainable is not possible without a sound Mind and body

  • Mental sustainability – Place to have an evening staff or client drink (I like the closing scene in Boston Legal).
  • I See Green – Proven to be calming and have good associations. Green plants, flowers or in our case a nice outlook onto the Sydney CBD’s Hyde Park should do the trick.
  • Pet fish in the Office – They are soothing but get some native fish – Rainbows, Barramundi or Australian perch and no foreign species water plants.
  • Contagious but not too sick to work – It’s easy to work from home when still a little sick or contagious when you operate a SaaS based business infrastructure.
  • Create a Micro Sea Change – Stress leave can be reduced if you can offer up work from home when people are getting tense in the office environment. It’s better to say. Look spend a week working from home than to say spend a week not working.

Eco-Culture

  • Ethical Attitudes – They will usually lead to environmentally sustainable ones.
  • Balanced Lifestyle – Encourage a work and home life balance. See The Calm Space for inspiration.
  • Green Culture – Constantly thinking and doing green.
  • Exercise culture – This will tend to divert people into healthier eating and general lifestyle choices which have so many parallels with sustainability
  • Culture of Re-use – Writing on the back of used paper, re-using boxes for storage, re-using manila folders etc. Non confidential printed paper can be used at home for the kids to draw on. See the post I wrote on WWF’s FutureMakers.com website

Office Life

  • Use that Hot Server Air – duct hot air from server rooms into main premises during winter to reduce heating load
  • Air conditioning as a last resort – I admit in our office that we have limited control as we occupy one floor of the building
  • Who’s turning the lights off – when you go home does the last person turn them off?
  • Power Save Mode – Turn on the power save feature on your computers

Sustaining sustainability – leveraging and improving sustainability

  • Environmental Officer – Make sure you appoint an environmental officer
  • Triple Bottom Line – Track and record your footprint, get rated and improve from your baseline.

Learn and Contribute to the Global Green Knowledge Base

Keep researching new ideas, use your blog, share your ideas, create conversations which will generate IP that will help the environment for all. Try these websites to get yourself in the mood;

Credit to Grant Young who has always been an environmental inspiration to our company.

Simplifying Bookkeeping

Practical Time Saving Tips

Quite often people ask how we use Saasu in our own business. That’s a big question so I won’t try an answer it all in this post so I’ll start with a couple of time saving tips we use.

We have hundreds of small dollar value online bills to pay in the Saasu business. Everything from domain names to application subscriptions like Google Apps. In short stacks of credit card transactions paid by directors and staff. How do we handle this efficiently:

One Touch Philosophy

When you receive an email bill for a payment you just made by credit card save it as a .PDF, .EML, .TXT or other file and immediately create the purchase transaction and attach this document to it. Go straight back to your email account when done and file/archive the email. Done, gone and dealt with.

The costs of not doing it this way are:

  • You re-read the email bill another two or three times before you enter it.
  • You lose the email bill in your already burgeoning email jungle.
  • You risk deleting/archiving the email bill not having booked the expense and thus you miss the tax deduction or reimbursement.
  • As the email bill gets older your memory fades and you contract a disease called “I can’t remember why I paid this?”
  • It just gets lost in the ether – that place where things go when they aren’t as important as day to day survival

If you don’t book your own expenses just forward the email to your accounts person and have them follow the one touch process.

Another approach which works nicely is to import your credit card file (use the bank or credit card company’s export file e.g. Virgin uses the same format as Westpac) and simply clear the personal expenses using the “Delete Selected” button while you are in the “List of Uncategorised Imported Transactions” screen. You have to trust your credit card issuer and your suppliers to use this method. This Book-it-Danno approach doesn’t have much accounting rigor but it can save stacks of time. I’ll leave that pay-off dilemma with you :)

Tip: Always put the suppliers invoice/bill number in your transaction. It makes it so much easier to find later and reconcile the suppliers account. You would be amazed how often you can accidentally pay for things twice (or they charge you twice). This will help highlight these occurrences.

Automating Regular Boring Stuff

Setup an automated purchase for constant amounts [Use:Main Menu>Setup>Recurring Transactions>Purchases]. As an example create a recurring purchase for $49 that you pay by direct debit to your Telco provider on the 15th of each month for your internet connection.

Always do a reconciliation during your accounting cycle period-end when you use automation to ensure payments have actually occurred. You never know when an expired credit card could result in failed payments as an example. Also, doing reconciliation’s might be annoying but it’s easier to tick something off than data enter the same things 12 times a year!

SaaS and Operating Systems

When you lose your operating system (OS) or it has a bit of a fit during upgrade you will instantly see the joy and power of SaaS (Software-as-a-service).

To recover your computer after a crash, virus, failed upgrade or other reason you should only need to perform very basic tasks. However, this is only the case when you are under the care of SaaS (online applications). The primary tasks are to re-install your browser and Adobe reader.

Meanwhile software users will need to be reinstall programs one CD at a time (if you can find the CD’s). You may need to find your out of date backups to recover lost data files (if you remembered to do your backups). You may need to re-engineer information (reinvent what your desktop and document files used to look like). You’ll almost definitely need to have a quiet little cry into your hands (or smash the screen). Worst of all face your fellow staff if you were slack and didn’t do the backups like everyone told you to.

It hurts but fear not as SaaS is here to help. She’ll care for you like no OS ever did. She wont bug you for upgrades, setup, disk required notifications or Product Keys. She’s a kind understanding mother who’s job is to nurture you and give you time to grow and play like a young child. She does all the nasty stuff behind the scenes for you like backing up, upgrading, installing and making sure you’re wearing the right colours (operating system and browser neutral).

I know the cost of losing the OS only too well. I lost my laptop operating system last year but I was lucky because I’m already under the care of mother SaaS. I had already moved all my photo’s to Flickr.com an online photo warehouse. Other SaaS products I use are Google Apps, Gmail and obviously Saasu. The impact was limited, I was back up and running in hours not days. Had I not been nurtured by my SaaS mother I would have lost a couple of months worth of photos which I probably wouldn’t have backed up at that time (i.e. My wife would hate me!).

Brad Howarth writes a great piece about this topic in his blog.

In a similar vein, Apple 3rd party developers are hitting frustrations dealing with the iPhone OS but SaaS developers building online applications for the iPhone have no such problem. The OS becomes virtually irrelevant in the world of SaaS. Web browser based it’s clearly less restrictive.

If SaaS is like a mum then the browser is your best mate, he’s light and nimble, he’s winning the battle over software, costs nothing and gives you access to all your stuff wherever you are. Feed him with lots of web applications and your best mate will watch your back by saving you time.

Reducing Data Entry Errors

There are many methods for reducing input errors in your online accounting file. Accountants use workflow processes that they know will create more predictable accuracy. Learning about some of these and adopting them in your accounting routine is a good investment in time that will reward you for many years to come. Some of these methods are discussed below, however there are many more:

Basic review of your transaction listings

As you create transactions they will appear in your transaction list for the date period applicable. The process is usually to Add a new transaction to the List, Save and Close the transaction and then check the transaction for correctness. You cannot check all the detail for transaction but the main items such as Date, Amount and Contact can be verified. This is the most basic and quickest, but least thorough, of checks you can do.

Review of your Transactions by Account report

This is a good report for checking you have used correct tax codes and ensuring you have chosen the correct Account for you transactions. You might scan the report to ensure that (for example) all your sales appearing in an Account for Income: light fittings would have the same tax code. You might also check that there aren’t any stray transactions in this Account that shouldn’t be there.

Use the duplicate function for adding transactions

When you use the Duplicate button on any Add/Edit Transaction screen you are creating an exact copy of the transaction you are viewing with a few fields cleared like the Date for example. This helps produce consistency in your transaction adding over time as you will be using the same Account, Tax Codes and Summary as you are duplicating the information not entering it.

Use Transactions Lists to help in adding transactions

A good example of this is when you have regular periodical payments you make for things such as subscriptions, rent, bank fees that are often the same each month except for the transaction date.

  1. Load the Transactions for a Contact and click the plus icon next to the transaction to load a duplicate.
  2. Then you can include the date for this new transaction and amend any other differences (eg. Summary..”Jul08 rent” to “Aug08 Rent”) and then save the transaction.

Use the Transaction Lists to help in adding transactions

As in the above example you can create a list of transaction for the previous month (or period). Use the same process to create new transactions for the new month (or period).

Additional

Make sure you have paperwork, invoices, and bank statements to back up you data entry. Just assuming these things will happen each month (or period) doesn’t mean they actually do!

Accounting workflow

We have been in business for a long time now and thankfully our bookkeeping workload hasn’t kept pace with our revenue growth. It has moved in our favour the whole time. Partly because our web finance engine has helped with this but also because we are more careful about what accounting work we inadvertently create for ourselves through our spending behaviour.

Cash Expenses

We used to have a lot of trivial expenses to capture and manage. Taxi fares, books, biscuits for the office etc. We dropped cash expenses completely by making those costs the responsibility of employees and paying them more for doing this for us. This means we aren’t dealing with lots of little receipts to enter. The employee can simply add them up at tax time with a calculator and claim them through their own tax return as a work expense.The simple fact is it’s easier for an individual to account for their work expenses at tax time than it is for our company.

Buy versus rent/subscribe

We also looked at the accounting cost of buying some products. e.g. buying something that needed to be depreciated instead of just renting it. I believe its easier to make monthly, quarterly or annual payments for something that we can claim 100% of than it is to manage the asset through its effective life from an accounting perspective. It also has obvious benefits to cashflow smoothness and removes upfront capex hits.

Online versus Off-line

Probably the single best insight was actually practising what we preach in our off-line to online argument. We moved everything we could. That saved software spend, server management time and backup costs (employee time). We stopped buying software and started paying for subscriptions. This saved on depreciation management, upgrade costs and all the other ASP benefits we have explained until we are blue in the face. An example of this was that we used to use Broadcast for our email notifications, now we use Campaign Monitor.

We use the Google Apps SaaS e-mail system. This meant we had outsourced backup and virus scan of email and gave as anywhere anytime access. An interesting side effect of this is that now we only need firewall software because all incoming files are scanned at our company servers or at our mail server level. This interestingly means our PC’s run quicker because it’s resources aren’t being wasted scanning endlessly.

Company Credit Cards instead of Employee Cash Expenses

We established company credit cards for online and retail purchases for our business and instructed employees never to use cash.

Bulk Entry

Being “accountant like” because we write accounting software we used to be very pedantic about some of our earlier bookkeeping work. We have changed out of necessity and one example is bulk entering credit card statements rather than as micro transactions. i.e. in Saasu we enter a statement in a single Purchase transaction with multiple line-items. Many of you no doubt already do this but there will be those of you who track this in a Directors Loan account or Owners Equity type of account like we used to do.

Invoice Automation

Saasu automatically generates our invoices. The only manual work here is adjustments. We also automatically generate our recurring purchases where the price is static.

Moving from paid software to open source

We switched to open source for some applications. E.g. instead of buying more Adobe Photoshop licences (which is a great application) we started using Paint.NET for web graphics. This is free and has very similar features. The added benefits being free upgrades and accordingly no accounting work if you never have to buy it.

Automated Payments

We set-up direct debits, we do this a lot now, even with variable expenses because the providers of these services will tend to have the ability to “cap” the spend.
Rent everything you can and generate the transaction automatically. Capex wastes time, money and inhibits the natural evolution of you business as you become constrained by old assets. The world changes too quickly.

There’s more we’ve done but we will work on a support note around this topic over coming months.

Bookkeeping Timesavers

Here’s some ideas to help save some time -

  • Group Pays for processing payroll – Speed up you payroll processing.
    Less data entry
  • Fixed bank fee (annual) – Many banks will offer an annual bank fee as one payment instead of the usual monthly fees
    Less data entry and reconciliation entries
  • Fixed bank fee (monthly) – those intra-month fees for ATM and Internet Banking usage can oftne be paid as a fixed monthly fee in some business accounts.
    Less data entry and reconciliation entries
  • Pay multiple bills from one vendor all at once – This is possible with vendors who have longer payment terms. If you can get vendors to stretch their terms to 3 months from the usual 7 to 30 days then at least you reduce the payment processing work when you write one cheque, or process one payment, for a set of invoices.
    Less paperwork and data entry. In the USA this is paying on Bill/Statement rather than per Invoice
  • Dealing with vendors who insist on onerous paperwork – If you receive an excessive number of documents from a vendor, which may include; statements, invoices, reminders and other forms of vendor communication.
    Consider this time cost they are imposing on your business. Some courier companies bill weekly while others are monthly
  • Underestimating the cost of processing a transaction – If processing payment early saves you time, and that time value in dollars outweighs the funding cost of spending your cash early then it may pay to clear the payment paperwork earlier.
    A classic example is very small reseller/commission payments
  • Buying multiple services/products from one vendor – If you can obtain a discount for buying more products from one source, receive less paperwork, reduce your payment processing work and obtain more lenient terms then this may work for you. Again there are many flow-on advantages like shorter bank statements and less reconciliation’s work results in time cost savings.
    A classic example is with stationary suppliers. Many businesses deal with 3 or more stationary companies. If this saves you lots of money then excellent! If not why put up with the extra paperwork?
  • Generally employee expenses are time expensive – Setting up a Motor Vehicle fuel account may be easier than managing those payments as reimbursements through salary or organising lots of paper receipts every month.
    Some companies pay employees slightly more and have their employees account for and claim minor work expenses through personal tax