Bookkeeping is the recording on a regular basis of the financial transactions of the business. In other words what the business purchases and sells.
Great bookkeeping and management reporting is essential to any successful business, as it helps you keep a track of your income and expenditure. Part of this process involves accurate record keeping, so it's important to choose a bookkeeper who you like and can work with on a longer term basis.
It is extremely worthwhile employing a bookkeeper, as you must keep up to date records in case HMRC investigate your business. Should you have a tax investigation, at least you will be in possession of all the facts. Plus, bookkeepers can actually SAVE you time, as they know exactly how to input the financials correctly.
Not only this, if your books and records are done properly the figures can provide important insights about your business. Which means you can make more informed decisions in the future.
Most business owners dislike bookkeeping and keeping paperwork. However, it has to be done and done correctly. Would you prefer to be making money from your business and spending time with family or friends?
If that sounds like you, why not let us take away the hassle so you can get on with your life?
If you would like our Management Reporting service, we use a cloud accounting service Xero. Alongside Xero we offer Dext Prepare to capture your business transactions. It is quick and easy to use, just ask us to show you how to use it!
