It’s highly unlikely that you set up in business because you wanted to spend hours in data entry, but as a business grows that can be the result.
Even when you delegate that work, either to internal or external support, it’s vital to ensure the process is being completed efficiently and effectively.
Inaccurate, incomplete or ignored bookkeeping can cause a business far greater issues than increased accountancy fees. Over the years we’ve seen businesses discover large holes in their finances, large debts they couldn’t pay, and others go under because their records were so poor their cash simply ran out.
In this section we’ve collated a range of posts and articles designed to suggest improvements to your bookkeeping function, or to make you aware of potential risks before they become a problem.
As we’ve explained in our services page, we don’t offer a bookkeeping service, but we can help you improve yours, and can provide training if necessary.
We know how important it is to make it work effectively, and are happy to work with your bookkeeper and supplement their knowledge if it would be useful. If you need an introduction to a bookkeeper, or help in deciding on which to employ, we can help with that too!
And as ever if you have any questions after reading any of these posts, please get in touch!
Make your chart of accounts work for you!
Bookkeeping is often a role that falls to someone within a business that isn’t necessarily trained to do it. Secretaries, administrators or assistants are often the most likely to get involved, but business owners also dabble.
Consistency is vital, and the chart of accounts that’s used can be a huge help.
Why do I need Xero training?
Why do I need Xero training? This is a question we hear quite a lot, and the answer is that you don’t necessarily need it at all, BUT there are some serious benefits to be gained!
Would an extra 54 hours be helpful?
As most of you are aware, we include a Premium Dext (previously ReceiptBank) licence in our standard fee package for all clients. We do this not because it’s helpful for us, as it is purely an extra cost, but because there are huge benefits to be had for our clients!
Xero – How to add a payment service
We all know that we need to make it as easy as possible for our customers to pay us. The fewer hoops they need to jump through, the better, especially in a challenging economy. Xero’s recent video might help!
Xero Expenses – The easy way to keep track.
We’re always looking for ways to help clients streamline the inevitable admin of running a business, and Xero Expenses is a really easy way to do that.
Related News Items
Why not take a look at these sections too, as there is some overlap between our categories, and we’d hate you to miss out!
Management & Growth
Each of our clients receives regular updates that keep them aware of changes and suggestions on a wide range of subjects; if you’d like to receive those too, just click on the button below, add your details and we’ll do the rest!
Liz and Chris are so much more than numbers people (accountants). Yes, they understand business numbers better than anyone else I know, but their true value is how deeply they understand (and care about) business people.
Google should invent an extra star just for them.
Mr M Gladdish, The Watered Meadow Limited
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