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. It’s therefore really important that it’s made as easy as possible, particularly if several people contribute. 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!
Xero Bank Reconciliation evolves again
In the next few weeks users will see a change to the appearance of the Xero bank reconciliation screens. This change is, according to Xero, part of an ongoing process to continually improve the functionality of the bank reconciliation process.
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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