Bookkeeping uses many of the same financial recording methods. These include collecting, organizing, and tracking receipts, invoices, and other transaction details. If you’re a small business owner, you might be wondering if you need a bookkeeper. We have put together some basic guidelines to help you.
Why you should outsource your bookkeeping?
If you’ve just started a business, chances are you’ll be doing the bookkeeping yourself or you may be looking for low costs for services. This is no bad thing. When launching a new business venture, it’s crucial that you have an intimate grasp of your financial situation. No doubt you will be spinning lots of plates, so the best way to keep on top of your finances is to outsource your bookkeeping.
Essentially, bookkeepers take care of day-to-day financial work. They keep detailed and accurate financial accounts and use this financial clarity to help you make informed business decisions. Bookkeeping is necessary because there is great value in keeping your books up-to-date. 96% of UK businesses fail because they don’t have visibility of their numbers. Bookkeeping is key in providing you much-needed visibility.
Benefits of outsourcing your bookkeeping to us:
- Quick same day non-obligatory bookkeeping quotes given
- We implement the correct systems and processes into your business from the beginning
- Out costs for bookkeeping services are affordable for small businesses
- Easy to prove your income and expenses in the event of tax audit
- Pay the correct amount of tax
- Tax services and returns rectification
- Reduce the costs your pay to accountancy firms
Why bookkeeping services are important?
Accurate bookkeeping services and accounting are essential but it shouldn’t take up all your time each week. As an entrepreneur and small business owner, your time is premium and valuable. You should be focusing on developing your business, winning new clients and providing a great service.
For your business to be successful you need to understand your business’s cost of sales and fixed costs. Without this understanding, you cannot measure the profitability of your business accurately. This starts with good services and bookkeeping costs. Also if you are focused on your bookkeeping, who is concentrating on the sales?
Many business owners avoid outsourcing their bookkeeping because they believe they are saving money by doing it themselves. In reality, your time is worth more than keeping it in-house. You should be bringing in new business and developing the business, not coding transactions.
Here are some of the things you will expect from us:
- Free initial meeting
- Accurate Records Adapted to the System You Use
- Business Support and Advice
- Unlimited Telephone Support
- Payroll services if needed
- Accountancy services if needed
At Carrington Blake Accountancy we constantly review your books and the systems utilised to keep them up to date, while keeping an eye out for systems that will streamline the process even further. We also keep an expert eye on your books, to spot any potential problems before they become actual problems.
We save our clients year on year and we enable your business to grow with our advice.
To find out more about the costs of bookkeeping, contact us today on 0207 537 6628 or leave us an email on firstname.lastname@example.org. If you have a question or would like further information, why no chat to us now.