If bookkeeping seems repetitious and cumbersome to you, this was written just for you. While it is true that there is an aspect of accounting that can seem annoyingly repetitious there definitely are time savers and "shortcuts" that make it much more manageable and even fun. Here are my top time savers

1. Create sales receipts rather than invoices and payments. If the product or service is paid for at the time of purchase there is no need to enter an invoice and then enter a payment. Simply enter a sales receipt. This accounts for both the sale and the payment. When creating the sales receipt make sure and select the correct account that you want the payment to go to. Most times this will be undeposited funds. 
2. Create refund receipts rather than a credit memo and payment. Much like the sales receipt. The refund receipt does 2 things at the  same time by accounting for the refunded items and actually processing the moneys refunded.
3. Number your chart of accounts. Chart account numbers usually have 4 digits. The first number always designates the type of account it is. See our resources page for an example chart of accounts. Numbering your chart of accounts does several things. For a lot of people a number is easier to remember than the exact way that an account may have been entered creating speed in the data entry process. Numbering helps to also create order in the chart of accounts making an Income statement neater and easier to read
4. Sync POS systems to your accounting software. This will greatly decrease data entry and the possibility of errors. In todays world of technology there is almost always a way to connect platforms. If the platforms don't sync in their own capacity explore the options given by third party platforms like Zapier.

These are a few ways to help insure your bookkeeping is efficient and accurate.  Thank you for allowing me to share these pointers with you. As always its an honor to speak into you business

~~ Cowgirl Jo