The Snowball Effect is the idea of how something small builds momentum, grows bigger, and becomes significant. Imagine a little snowball getting big and powerful as it rolls downhill.
This is the approach Peak Advisers takes when we work with many of our QuickBooks clients who want to improve workflow in their businesses. An owner knows changes need to be made, but they just don’t have the time. We help them select the smallest opportunity for saving time and effort and fix it. Once resolved, we take that extra time and apply it to the next smallest opportunity until that issue is resolved. This is done repeatedly, and the results are impactful in terms of time and money savings for business operators. Read more here.
We use the tools within QuickBooks as well as apps that help QuickBooks work even better when we get the Snowball Effect rolling for clients. We help improve how their businesses run end-to-end.
10 ‘Snowball Effect’ actions to help improve workflow
Use a credit card and Bill.com to pay vendors. No need for filing 1099s.
Migrate to QuickBooks Payroll including QuickBooks Time to improve employee time reporting and improve the invoicing process. Some subscriptions allow you to get QuickBooks Time for free!
Accept payments via invoice and eliminate cash receipt processing.
Download bank transactions daily.
Create recurring transactions.
Create rules for bank downloads.
If you are using QuickBooks Online, seriously consider migration to QuickBooks Online Advanced which features automated workflows and projects. You will reduce management and follow up time.
Increase your internal controls by defining job roles and use QuickBooks Enterprise or QuickBooks Online Advanced to enforce segregation of duties.
Automate any imports into QuickBooks.
Using QuickBooks Desktop? Assign the typical account code to each vendor.
Peak Advisers can put any or all of these ideas into action to get things done with less effort and more quickly to make your business run better and easier to manage as it grows.