Intuit QuickBooks shares organisation hacks for overworked accountants

Business

QuickBooks reveals accounting tips for overworked accountants, including time tracking, task prioritisation, workload visualisation, and taking breaks. Learn how to build a proactive plan for your workload.

Promoted by Intuit QuickBooks • 10 July 2023 • 6 minute read

I don’t know about you, but sometimes I feel like it is busy season all year long. Between work, kids, laundry, and keeping up with the latest Avengers movie, so many of us are overwhelmed by long hours and the stress of ever-changing to-do lists. If this sounds familiar, here are a few accounting tips to reset and reorganise.

Track your time

I know, everyone is telling us to step away from time tracking. Here’s my take on this: it’s the ONE resource we all have the same amount of, so it’s important to see how we’re using it.

Being more efficient with your time starts with being acutely aware of how you spend it. When are you most productive? When are you most likely to get distracted? How much time do you spend sorting emails? How much time do you spend on deliverables? You may have a good idea but probably aren’t exactly sure. With the help of a time-tracking app, or even old-fashioned paper and pencil, you can find out.

Twice a year, my partner and I spend a month tracking our time. If a month seems too onerous to you, consider spending a week keeping a time-spent journal. Each day, record what you do and when. A digital time-tracking system, such as QuickBooks Time, allows you to tap in and out to mark your start and stop time of various tasks. This app even syncs with your calendar and GPS to shorten your input time, and then produces a time-spent report at the end of the day.

If you’re using pen and paper, just make a note of how much time you spent on each item of your to-do list. Be sure to add items that weren’t originally on your list if you spent time working on them during the day.

No matter how you track, the real game changer will be when you identify distractions, time wasters and any areas of improvement that you can capitalise on.

Be proactive, not reactive

After tracking your time, you’ll see patterns in how you spend your days. You already knew you were working long hours, but to see that most of them are spent sitting in meetings or handling hundreds of emails can be shocking. So, make a change. If your small business inbox is overwhelming, organise it. Start by cutting the sheer volume of emails you receive by unsubscribing from anything that you don’t regularly read – even if you wish you could, or intended to.

To help you with that, the free service Unroll.Me will generate a master list of all your email subscriptions and then allow you to unsubscribe from any of them with a single click. For subscriptions you choose to maintain, you’re given the option to continue receiving emails from each sender directly in your inbox, or to bundle those emails into a daily roll-up.

If email isn’t your only digital distraction, consider a silencing app with Google Play or iOS. There are plenty of choices available that will automatically silence your phone based on your weekly schedule, allowing you to periodically work without any interruption. Don’t worry about missing an important call – the app allows users to set exceptions and then have the option to silence them with an easy-to-access widget.

Prioritise

If you feel overwhelmingly busy all day and go home wondering why you got nothing done, you’ve got a problem: you think everything on your to-do list is equally important. It’s not. Try not to confuse activity for accomplishment. Even if everything on your to-do list eventually needs to get done, to actually achieve your end goals, you have to do more than put out fires (aka focus on busy work) throughout the day. So, prioritise your time. Start by using the 1-3-5 model.

The 1-3-5 model works like this: assume you can only accomplish one big thing, three medium things and five small things in any given workday. Now, look at your long to-do list and choose nine corresponding items. In the beginning, you may want to leave one or two items blank in preparation for unexpected tasks. Then, get to work. If something unexpected pops up, determine its level of priority and then add it to the list (but only if it fills in a blank or bumps out another task that can be pushed to the following day). By forcing yourself to abide by this prioritisation guide, you’ll finish the day feeling satisfied, instead of just tired out from being busy.

Schedule it

If it needs to be done, put it on your calendar. If you have an idea for a blog post, put it on your calendar so that it gets written. Add your workouts to your calendar – and add time to shower after! Obvious things like paying personal bills? Add them to your calendar. This assures that you won’t get sidetracked with other things, and for those of you that have a difficult time saying no to every commitment asked of you, this gives you a reason: I have something scheduled for that time.

Scheduling is particularly relevant when it comes to business tax time. Try to keep on top of your business bank account, business expenses, tax deductions, bank statements and financial record keeping throughout the year. This is for yourself, not your clients. So when it comes to the end of the financial year, you’re not stressed about doing your own income taxes and instead, you can focus on your small business owner and other clients. This ensures you have the mindset to complete your tax obligations, profit and loss statement and tax return.

Visualise it

Getting this proactively planned workload somewhere where it’s visible is also key to making sure nothing falls through the cracks. This should be a centralised place so everyone can see who’s working on what, what’s due and what’s not in, and what’s coming up. And this doesn’t need to be just for client work.

The biggest trap that firms fall into, especially for leaders, emerging leaders and managers, is only planning for client work. This can lead to maxing out capacity and becoming overwhelmed and burnt out. Proper planning also accounts for practice work, which involves everything that goes into running the business.

When we build a proactive plan and have visibility over our annual workload, huge benefits follow. You can better manage capacity and smooth out peaks and troughs. You and your team are less likely to experience burnout. This is very important, especially as it’s so difficult to attract and retain talent. You can even plan to take annual leave – finally.

Using the Work tab in QuickBooks Online Accountant is a great way to get started on building a proactive, visible plan for your workload. It lets you see what’s due today, this week and into the future so you never miss a deadline. You can assign tasks to yourself or members of your practice, and monitor their status at a glance to see what’s due, when, and check progress in real-time.

Give yourself permission

I hate grocery shopping. I find it to be one of the most inefficient, yet necessary tasks. We have to touch the groceries so many times: to put them in the cart, take them out of the cart, put them in bags and back in the cart, put the bags in the car, take the bags into the house, and then put the groceries away. The best thing I ever did was tell myself that it was okay for me to just start ordering my groceries to be delivered. My time is better spent – either making money working and growing my firm, or doing something that I enjoy.

Here’s one of the best accounting tips you’ll receive … It’s okay to step away from work – whether it’s emails or laundry – and take a break. A few weeks ago, I found myself with a day that had no deadlines and no appointments. Do you know what I did? I have NO IDEA. I honestly cannot remember what I did, but I’m pretty sure whatever it happened to be was blissfully relaxing.

So, give yourself permission to slow down, relax and not be running at 90 miles an hour, 100% of the time. Looking after yourself is how you look after your firm, and your clients.

Be sure to check out our 5 ways to build a more efficient firm to help you maximise the time you spend on your business.

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