As well as being licenced by the AAT, we are also ICB licenced bookkeepers and can provide all the support you need to keep your books up to date, meet the deadlines and ensure that you have an accurate picture of how your business is doing as and when you need it. We can take the stress and hassle away and leave you to focus on the areas you excel at.
This service can be offered alongside our accounting services, or stand alone and we will work closely with you and your accountant to ensure you have a cost effective and supportive service.
We can help you with some or all of the following : -
- Day-to-day bookkeeping
- Monthly and annual accounts
- Sales invoicing
- Cash flow forecasts
- VAT returns
- Credit control
- Payment handling
- Bookkeeping to trial balance
- Bank reconciliations
- Petty cash
Five reasons you should hire our bookkeepers
If you’re just starting up a business, be it small or large, there will be a lot of things on your mind. Who’s going to invest in your company? How are you going to hire staff? Where’s your office going to be? All of these considerations are integral to the initial success of your company, but mean it’s easy to overlook other important factors.
When you initially start your business, hiring a professional in to help you with things can seem like an unnecessary expense. On the contrary, there are certain jobs that can only be done well by those who are well qualified and have experience. This includes accounting and bookkeeping, two very important aspects of your company’s success.
You may not want to hire an accountant or may not feel you need to, but it’s definitely a good idea to consider a bookkeeper to help you with the various financial aspects of your business. Although you may think it’s possible to keep on top of the financial side of your business, you’ll quickly find that, as your business grows, it becomes more and more difficult. Below are five reasons why hiring a bookkeeper is a decision you won’t regret.
1. Saving you time
The biggest reason for hiring a bookkeeper is to save you time and stress. Although when your business first starts you may feel you’re able to keep on top of the finances yourself, once it grows and there are more and more clients that require your attention, you’ll soon find managing both aspects of the business becomes untenable.
Hiring a bookkeeper will free up a lot of your time so you’ll be able to focus on what really matters to your business. This includes building your client base and expanding your workforce. All of this is far easier if the financial side of the company is being dealt with by a professional.
2. Bookkeepers have knowledge and experience
This may sound obvious, but the second biggest reason for hiring a bookkeeper is that they have a wealth of knowledge and experience in finance. Although you may feel that you can learn yourself or that you already have a good grasp of finance, bookkeepers are qualified professionals who can make a great addition to your business.
As previously said, although you may initially have a good idea how to run your business financially, you’ll soon find that time is a precious commodity and that you have less and less time to keep up with changes to tax law, etc. Hiring a bookkeeper means they can keep on top of all of all of this for you, so you don’t have to worry.
3. Avoid fines and penalties
This is similar to the previous reason, but deserves a section of its own. Running any business means keeping up with financial regulations and tax laws. Failure to do so can result in penalties and fines which could really hurt your business financially as well as damaging its reputation.
Again, although you may feel that you can keep up these regulations and deadlines yourself, we’re all only human. If you have a particularly hectic month or quarter it can be easy to forget these deadlines and have the extra stress of rushing to file the correct documents.
4. Providing you with financial advice
A good bookkeeper will have a detailed overview of your company’s financial position, so they’ll be able to answer any fiscal questions you may have. This can be invaluable when it comes to making big decisions about your company’s future. Do you have enough money to take on new employees? Is it wise to make a big investment in your business? All of these questions can be answered by your bookkeeper you will also provide you with advice based on their experience with other companies.
5. Keeping a good work-life balance
Last but not least, hiring a bookkeeper can really help you maintain a good work-life balance. If you’re trying to keep on top of your day-to-day business obligations and the financial side of your business, work can very quickly spill over into your leisure time. Maybe you’ve started keeping up to date with the company’s finances after work hours, or maybe you’re spending your weekends doing your company’s taxes. Hiring a bookkeeper will prevent this and give you your leisure time back.