You may assume that bookkeeping is just the entering of your financial transactions into a spreadsheet or software. But there’s way more to bookkeeping than just entering data. Bookkeeping is an important aspect of your business. Not only is it a legal obligation to keep a record of all of your business transactions, it's also vital that you monitor your income and outgoings for your business growth and success. That’s why it’s important that you hire a bookkeeper. It may be a job which you think you can manage yourself, however yes you may be able to record all your transactions, but do you understand them? Can you analyse them? Do you know what your financial position means and what steps you need to take in order to make a success of your business? You probably don’t, but as professional bookkeepers we know exactly how to interpret your data.
A bookkeeper will need to be accurate and thorough with your finances and have high attention to detail as every detail matters in your business. The data which you are recording needs to be correct so that you are reporting the right information to HMRC. If it’s not accurate then you may get fined if you’re ever investigated. Bookkeepers’ examine the smaller details that you may not necessarily do yourself in order to get a better understanding of your business.
By analysing your account information they can help you to set realistic and achievable business goals and make sure you keep on track throughout the year. An aspect of your business which would probably get put to one side if you didn’t have your bookkeeper by your side.
Qualified profession
Bookkeeping is a qualified profession. We are licenced and regulated by governing bodies such as the ICB. When hiring a bookkeeper it’s in your best interests to ensure that the bookkeeper is qualified to these standards or equivalent. The higher qualified and the more experience in your industry your bookkeeper has the more value you will get from hiring them. Make sure they are the right fit for your business. That’s why we offer discovery calls to potential clients to ensure we are the right fit for each other.
Book a discovery call today to get your business back on track and moving in the right direction for success.
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