Bookkeeping

Accurate bookkeeping, which all businesses should aim to have, requires accuracy, consistency, expertise and regular attention. Too often the reality is that the processing of the pile of paperwork that builds up in the corner is a rushed task late at night, over a weekend when you would rather be spending time with family, or taking a well-earned break.

Sound familiar?

The outcome of good bookkeeping is precise management information that empowers the Business Owner but the processing of the source documents and all that it entails isn’t good use of a busy business owner’s time.

We don’t offer bookkeeping ourselves, as we can add more value for our clients in other ways; instead we have identified a number of certified and experienced bookkeepers, both locally to us and further afield, to whom we can make introductions and with whom we work closely, ensuring the processes they are completing for our clients are of the quality we would require.

We manage the overall process, liaise with the business owners and the appropriate bookkeeper as necessary, particularly in the early days of the relationship or should issues arise. Otherwise we leave the relationship to develop to enable the bookkeeper and client to work closely together.

What we do offer is a FREE Premium licence for ReceiptBank for every client, as we want to help reduce your bookkeeping burden as far as possible. This comes with sufficient transitions and licences to enable every business to benefit from the efficiencies it offers. Whether you have an internal or external bookkeeper, the system can provide a huge time saving and improve accuracy and consistency too.

As certified users of Xero and Quickbooks, we can also offer guidance for you or your bookkeeper, through the software, suggesting ways to streamline your existing processes. We can also suggest other ‘bolt-on’ apps that can make life easier still. Find out more about the benefits of Cloud Accounting Software here.

Bookkeeping is not all about the software though!

It’s about having the knowledge and confidence that the right information is being recorded in the right way. Without experience and without support, the bookkeeping for small businesses is often left until the last minute or until just before the VAT Return is due to be filed. We all know how many demands there are on everyone’s time these days, and working through ‘the books’ on a Sunday afternoon to get the VAT up to date isn’t good for anyone!

  • Family relationships suffer
  • The quality of the records suffers
  • The knowledge that the pile is waiting hangs over you, spoiling the rest of the weekend…

The experts can process far quicker, more accurately and more consistently; what is the opportunity cost of you NOT passing the responsibility on?

Talk to us now to solve this, once and for all, and we’ll give you back your evenings and weekends and the peace of mind to enjoy them!

Read our related Blog posts: 

BaranovTV – Reducing the Bookkeeping Burden – We know that bookkeeping is a burden, so in this episode we’re talking about ReceiptBank and 1Tap as suggestions to make things MUCH easier…

BaranovTV – Xero’s new Expenses App solves the Receipts nightmare! – When you’ve been out & about the last thing you want to do is have to worry about all of the receipts that you’ve shoved into a pocket, the dashboard of the car, or your laptop case. Xero have the solution – and it’s FREE!

BaranovTV – Are your 1,440 minutes worth enough? – As business owners, we know how quickly time rushes by every day. We know what we want to achieve in our business, but do we REALLY know what our 1,440 minutes every day are worth in cold, hard cash?

Invoicing software and what to look for – The one shared feature of all businesses is the need to get money flowing inwards. The ideal goal is to make that money flow into your bank accounts as simply and quickly as possible! Invoicing software, also known as Billing Software, can make all the difference.

 

 

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Related services

VAT

As a tax collected by businesses on the sale of most goods and services, VAT puts the business owner into the position of their nemesis, the ‘Collector of Taxes’.

Payroll

The calculation of payrolls, whether weekly, monthly or annually, for one or dozens of staff or just for Directors, is subject to a raft of rules and regulations which is constantly changing and evolving and which can be one of the most emotive to deal with.

Cloud Accounting Software

Whilst there are still successful businesses keeping their records up to date using red cash books and manually adding up rows of figures, HMRC are slowly forcing business owners to move beyond these and spreadsheets, and embrace software options.

Management Accounts

Management Accounts is the name given to the prompt production of similar information to that which is included in the annual statutory accounts.

Download our FREE 'Guide to Essential Record Keeping'