Declutter your business with a good bookkeeper

As small business owners we’re lucky enough to make our living doing what we enjoy. However, not so many look forward to the process of checking payments, recording expenses and reconciling bank accounts. In contrast, bookkeepers really do enjoy working with figures and making sure everything adds up. That’s why we do it so well and so quickly. 

 

We are all much more likely to put off doing the things we don’t enjoy. Payments and receipts can stack up. Soon VAT, self-assessment tax and corporation tax deadlines are looming and there’s a huge backlog to deal with. Cashflow, funding and bureaucracy are amongst the top challenges small business owners face. A bookkeeper keeps your records organised and up to date. You can even have regular financial reports so you always know exactly what’s happening. 

 

If you don’t regularly work with figures maintaining your financial records will probably be a slow and tedious process for you. It’s easy to file and record things in the wrong places and then waste more time and effort looking for them. You could even duplicate records and processes. Your bookkeeper makes sure you have good systems in place so you have all the figures you need. They’ll keep everything organised to minimise effort at every stage. 

 

Do you carry a lot of information around in your head about costs, plans, payments and invoices? You’ve got plenty of other things to think about. With the help of a bookkeeper and some clever Cloud-based software like Xero you can see all that information at any time, wherever you are. 

 

You can declutter your brain and access well-organised information. Regular reports also help you make important decisions about growth and investment in your business. 

 

The amount of financial information you must manage grows with your business. The risks of making mistakes can also grow. When you have accurate and reliable information at your fingertips you needn’t worry about inaccurate tax and VAT returns. You’ll know how much money you need so you won’t have to pay penalty fines and charges. You can also give your accountants the information they need to advise you about tax planning and business management. 

 

Getting started with a bookkeeper is quite straightforward and you’ll notice the difference straight away. With the latest Cloud-based software, you can link directly with your bank accounts and store receipts and generate invoices. 

 

You can see at a glance what you need to spend and which invoices are overdue.