Efficient bookkeeping for self-employed people: Tips and solutions

Have you ever asked yourself the question: “How should we do our bookkeeping as self-employed?”

You have no time, no desire and actually no plan at all as to where to start?

Accounting is a must if you don't want to sink into chaos. Without structure and overview, everything quickly gets out of control.

In this article, you will find out how to manage your bookkeeping efficiently and stress-free and how Numarics can help you do so.

Why is bookkeeping so important?

Accounting is the backbone of your company. It gives you an overview of income, expenditure and profit. Without clear accounting, you risk not only financial bottlenecks, but also problems with the tax office. Good bookkeeping helps you to:

• To meet legal requirements: Tax returns and VAT statements require correct data.

• Controlling your finances: Knowing where your money comes from and goes is crucial.

• To make well-founded decisions: Whether investments, pricing or savings — accurate accounting is the basis.

Accounting challenges for self-employed people

Bookkeeping is a burden for many self-employed people. This is often due to the fact that they:

• Is time-consuming — time that you lack for your core business.

• Seems complex — especially when you have to deal with tax rules and VAT statements.

• Manually susceptible to errors — without digital tools, errors easily creep in.

But it doesn't have to be this way! With the right tools and processes, you can not only make your bookkeeping efficient, but you can even automate it.

Tips for efficient bookkeeping

Here are a few proven strategies that can help you:

1. Digitize everything

Say goodbye to paper chaos. With digital tools, you can scan receipts, manage invoices, and store everything in one place. Numarics offers you the cloud-based DocuBox, in which you can store your documents in an audit-proof and structured manner.

2. Regular bookkeeping

Instead of deferring bookkeeping until the end of the year, you should schedule weekly or monthly accounting periods. This means that your documents are always up to date and you can respond quickly to inquiries from the tax office.

3. VAT and taxes

Calculating and transferring VAT correctly can be complicated. Numarics does this for you and creates your statements — stress-free and reliably.

4. Keep an eye on cash flow

A healthy cash flow is crucial. With the Numarics financial dashboard, you can keep an eye on your income and expenses at any time and make well-founded decisions.

5. Use professional support

Even the best tools don't always replace the know-how of a professional. Numarics fiduciary experts are here to help you with all accounting questions — so you can focus on your business.

Numarics: Your partner for digital accounting

With Numarics, accounting is not only easier, but also smarter. Our platform gives you everything you need:

• Digital accounting: upload your receipts and we'll do the rest.

• Seamless banking integration: Connect your accounts and keep track of all transactions.

• Digital mailbox: No more paperwork — your mail is digitized, sorted and stored directly in your account.

• Central administration: All finances and documents in one place.

Accounting made easy: How to get started with Numarics

1. Sign up: Download the Numarics app and set up your account.

2. Upload receipts: Take photos of receipts with your smartphone and upload them directly to DocuBox.

3. Automate: Let us do the bookkeeping — including VAT statements and tax returns.

4. Check cash flow: Use the dashboard to keep track of things at all times.

Conclusion

Accounting doesn't have to be complicated. With the right support, it becomes a secondary issue. Numarics is the all-in-one solution for self-employed people who want to focus on their business without losing track of their finances.