
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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online accounting

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.
[Read more...]
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.

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.
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!)
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.
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.
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.
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.
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.
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 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.
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.
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).
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.
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.
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.
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 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.
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.
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.
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.

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.
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:
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:
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.
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!
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.
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.
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).
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!
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.
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.
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.
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.
We established company credit cards for online and retail purchases for our business and instructed employees never to use cash.
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.
Saasu automatically generates our invoices. The only manual work here is adjustments. We also automatically generate our recurring purchases where the price is static.
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.
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.
Here’s some ideas to help save some time -