During the submission of annual reports, the intensity in accounting services is practically boiling. Regular work must continue uninterrupted, and a whole range of tasks related to year-end closing adds to the workload. However, there are ways to relieve the pressure and optimize our work.
 

Often, when we're caught up in our work or facing tight deadlines, it's difficult to see ways to improve our efficiency. However, just like in any other field, including accounting, there are numerous opportunities to save time and, most importantly, your nerves. It's probably high time for accountants to consider these options before the annual rush begins.

3 TIPS:

 1. Maintain a Clear Overview of Progress and Remaining Tasks

This is, of course, quite logical. Knowing what tasks are assigned to whom, what's been submitted, what's pending, and what's waiting for approval is crucial. Especially if you have a team (or not), it makes sense to divide all required tasks into stages to have the best possible overview. This not only includes completed and pending tasks but also the actual progress. When there's a lot on your plate, it's sometimes hard to keep track of everything someone needs to deliver, confirm, or align.

 2. Use a Good and Modern ERP System or Accounting Software

Just as there are better and worse services and products, there are also software solutions that are simply better. We don't intend to highlight or prefer specific providers here. It's merely a consideration that software is a critical aspect of accounting services. An outdated, inefficient program that doesn't comply with legal requirements and doesn't allow much automation can directly affect your work (by not performing tasks correctly) or indirectly (spending too much time on tasks that could be solved with 2 clicks in a different system). Consideration for transitions is also relevant now – maybe at least for testing with a "new" or yearly client...

 

3. Avoid Manual Entries and Data Typing

Your time is too valuable to waste on unproductive "number crunching." Constantly following trends – both in terms of technological advancements and the way you work – is essential. Business operations change, and your clients adapt their business models. You must keep up with these changes. Especially with the widespread shift to online operations (e-commerce, various platforms, payment systems, etc.), the business model for entrepreneurs and the documentation they provide has changed significantly. This has introduced new challenges, such as various payment systems and online banks. While these are convenient for entrepreneurs, they often mean that accountants need to handle new types of documents, reports, and records in their own way, showcasing the entrepreneur's business events. These providers often don't offer the same export options as Slovenian banks, leading accountants to manual entry or a slew of adjustments and conversions of CSV files. There's a solution for that as well, significantly speeding up your work, allowing you to finish this part of your tasks faster and focus on closing the year.

 

 

Remember - Let digital become efficient. Your Digi-As :) </

The development of DigiAce is co-financed by the Republic of Slovenia and the European Union from the European Regional Development Fund.
The development of DigiAce is co-financed by the Republic of Slovenia and the European Union from the European Regional Development Fund, with a financial support of EUR 54,000 under the P2 2022 call.
 The aim of DigiAce is to automate the import of statements and transactions when dealing with FinTech providers. This promotes the transition to digital and more efficient business operations and encourages the recruitment of high value-added staff.
Short description of the results of the operation:
The operation has developed, refined and commercialised a web application for the conversion of business data through FinTech providers and its direct import into accounting and ERP software. In addition, we have developed and integrated the Bankconnect module, which allows a significantly simplified direct retrieval of bank statements also from traditional banks. Within the project, we have prepared the basics for building an API interface for more modern integration with other applications. In addition, the project implemented a number of other solutions, such as integration with the CRM system, integration with the payment and subscription system (Stripe) and a multilingual website - including a back-end multilingual interface (application).