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2018-09-26 21:22:09Accountants and BookkeepersEnglishEvery business manager wants their firm to work like a well-oiled machine, but it can be hard to identify the areas where your approach is...https://quickbooks.intuit.com/au/resources/au_qrc/uploads/2018/05/iStock-943178520.jpghttps://quickbooks.intuit.com/au/resources/accountants-and-bookkeepers/5-tips-for-better-practice-management/5 Tips For Better Practice Management | QuickBooks Australia

5 tips for better practice management

2 min read

Every business manager wants their firm to work like a well-oiled machine, but it can be hard to identify the areas where your approach is lacking. Here are a few simple yet effective ways to improve the productivity and efficiency of your business operations.

1. Know how to manage your time

Time-management skills are essential to any workplace, so it’s important that you and your staff understand how to make the most of your in-office hours. While it’s true that different approaches will work for different people, educating your team on useful strategies is a great way to ensure everyone can manage their time effectively. Understanding how to prioritise your daily tasks and maintaining realistic deadlines are just two of the ways for accountants can stay on top of their work.

2. Invest in useful tools and software

Automated programs can be a good way to maximise efficiency in your office. Made especially for accounting firms, QuickBooks Online Accountant is a great tool for assigning and managing team tasks. You can also edit client data and generate reports at the click of a button. It streamlines those nitty-gritty administrative tasks that demand your attention on a day-to-day basis.

3. Encourage clear, open communication

Communication is key to maintaining an efficient and productive work environment. You can promote this via regular meetings, an online team chat platform like Slack, or by encouraging face-to-face exchanges. It will help your team work together to solve problems, delegate tasks, or handle tricky clients. As they say, a problem shared is a problem halved.

4. Effectively manage schedules, dates, and deadlines

Keeping on top of the day-to-day workflow is essential to ensuring your office is reaching its full potential. Task managers, such as Asana or Trello, are a great way to stay on top of deadlines, appointments, and key duties. Not only can you schedule daily to-do lists and assign deadlines for yourself and your team, it enables your staff to communicate quickly and easily. This will allow for more effective planning and a smoother workflow in the short and long term.

5. Create a comfortable and functional working environment

When it comes to effective practice management, you can’t overlook the effect that a positive work environment can have on the productivity of your team. Making sure your office is well lit, clean, and equipped with the right resources for a day’s work plays a big part. It will ensure that everyone feels comfortable and ready to get to work when they arrive at the office each day.

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Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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