Bookkeeping

Red tape is a bind for small business owners and bookkeeping is up there with the most frustrating. It can be a real drag on time, patience and resources.

The problem is most people have never had the training to do their bookkeeping efficiently. To compound matters further, the leading software packages are actually accounting software masquerading as bookkeeping software; great for accountants but overkill for the average business owner!

Managing your bookkeeping is vital to staying on top of your business. When your books aren't in order then neither is your business or, arguably, your life.

Are you in control?

There are three pillars to business; sales & marketing, operations and finance. The majority of businesses are adept at the first two.

The owners are good at the work (especially if the business is dependent on the owner's talent, like a good mechanic who has opened his own garage), so the operations are good. Sales are made through referrals generated by this high quality work. It's the finance that causes the problems.

These three pillars are like the legs of a milking stool. When one isn't as strong as the other two, the efficiency of the milking is a very wobbly affair.

Financial control is imperative. Businesses are often guilty of managing the business on the money in the bank, being unaware of their own tax implications and are rarely 100% certain of who owes the business and how much is owed out. All of this compromises the health of the business.

Without relevant management information, on what basis are you making your business decisions?

Can you really afford that new piece of machinery or a bigger van? You may need to decide whether a new Mac is a good investment for your design practice or know whether an ad campaign is affordable. Was last month a good one or should you be worried? If you don't know how your business is actually performing at any given time, how can you make informed choices?

And then there's the dreaded tax bill. Are you in for any nasty surprises? In fact, if a tax inspector knocked on your door tomorrow, how prepared would you be against the rigorous investigation?

Do you love your accountant?

If you gave your accountant balanced books, would their time (and your money) be better spent planning your tax credits, reviewing your profit and loss and tax forecasting?

How much is your time worth?

We are not just talking about your hourly rate. How long are you spending bookkeeping? Would your time be better spent running the business, winning new deals, looking after existing clients and controlling credit? With more time, what could you do to galvanise your business? On another level, how much more productive would this time be if you could draw upon accurate management information?

What's the solution?

We have the flexibility and the knowhow to get rid of your bookkeeping headache and put you firmly in control of your finances.

Firstly, we have our own systems which are incredibly easy to use. This means that if you would like to do the books yourself, you can do so with ease.

We will set up a bespoke arrangement and coach you to how to fly through your bookkeeping, easily. We'll even show you how to manage your paperflow. Your valuable time will be spent far more efficiently, plus you'll be in complete control of your numbers and able to make informed business decisions.

Secondly, we can take the bookkeeping off your hands completely.

So you'll have all of the benefits of excellent management information, relief from the anxiety of the taxman and even more time to get on with running your business.

We will talk through your personal circumstances and tailor the best solution for you (all at an agreed rate). So there's no need to hate bookkeeping any longer. With us you'll learn to love it!

The Bookkeeping Service we offer for us to provide to you is unique. We sit with you and help you decide what information you need to be able to see:- what you spent from the bookkeeping, profit and loss, month by month, cash flow and budgeting forecasts, break even pointers, strategic and specific planning - i.e. more finance required on non productive staff surplus to requirements, etc. We also will work with your accountant to ensure they get from us the most clear, precise and accurate information they need to produce final accounts, etc.