{"id":18762,"date":"2014-03-27T08:43:44","date_gmt":"2014-03-27T08:43:44","guid":{"rendered":"http:\/\/www.clearbooks.co.uk\/?p=18762"},"modified":"2014-04-03T15:12:27","modified_gmt":"2014-04-03T14:12:27","slug":"small-british-businesses-are-wasting-a-week-a-year-unnecessarily","status":"publish","type":"post","link":"https:\/\/www.clearbooks.co.uk\/blog\/small-british-businesses-are-wasting-a-week-a-year-unnecessarily\/","title":{"rendered":"Small British businesses are wasting one week a year unnecessarily"},"content":{"rendered":"<p>Small British businesses are wasting time unnecessarily. In a year I estimate that the person in a small business who processes payments to suppliers is wasting a full working week.<\/p>\n<p>The problem is that most small businesses view unpaid bills in their accounting software, re-enter the same information in their online bank account and then go back to their accounting software to mark the bills as paid.<\/p>\n<p>This duplication of data and effort and the manual intervention required is compounded because this is a common task. It&#8217;s done daily, weekly or monthly by small businesses up and down the country who need to pay suppliers, contractors and employees.<\/p>\n<p>I delved into this subject in this article on accountingweb,<a href=\"http:\/\/www.accountingweb.co.uk\/blog-post\/accounting-banking-needs-be-more-joined\">\u00a0Accounting &amp; banking needs to be more joined up<\/a>.<\/p>\n<p>This is how it should work:<\/p>\n<ol>\n<li>Create a bill in accounting software<\/li>\n<li>Log into bank account and click a button that imports unpaid bills from your accounting software<\/li>\n<li>Choose the bills to pay<\/li>\n<li>When paid from the bank, the unpaid bill in the accounting software is automatically updated as paid<\/li>\n<\/ol>\n<p>Because this approach has the data entry in only one place with the process largely automated, it would reduce the time spent paying suppliers to a minimum, leaving businesses to focus more on customers, products &amp; services and growth.<\/p>\n<p>I would be interested to hear your thoughts.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Small British businesses are wasting time unnecessarily. In a year I estimate that the person in a small business who processes payments to suppliers is wasting a full working week. The problem is that most small businesses view unpaid bills [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":18881,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-18762","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Small British businesses are wasting one week a year unnecessarily | Clear Books<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.clearbooks.co.uk\/blog\/small-british-businesses-are-wasting-a-week-a-year-unnecessarily\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Small British businesses are wasting one week a year unnecessarily | Clear Books\" \/>\n<meta property=\"og:description\" content=\"Small British businesses are wasting time unnecessarily. In a year I estimate that the person in a small business who processes payments to suppliers is wasting a full working week. The problem is that most small businesses view unpaid bills [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.clearbooks.co.uk\/blog\/small-british-businesses-are-wasting-a-week-a-year-unnecessarily\/\" \/>\n<meta property=\"og:site_name\" content=\"Clear Books\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/clearbooks\/\" \/>\n<meta property=\"article:published_time\" content=\"2014-03-27T08:43:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2014-04-03T14:12:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.clearbooks.co.uk\/blog\/wp-content\/uploads\/2014\/03\/pay-red.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"619\" \/>\n\t<meta property=\"og:image:height\" content=\"255\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tim Fouracre\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta 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