New Bookkeeping Folders For Clients

See photos of our NEW Bookkeeping files, we give to clients to keep their records in order. We also give a laminated instruction sheet, along with a records checklist, to make record keeping for bookkeeping a doddle!

Client reaction has been fantasic!, they love the simplicity. Get in touch to see how we can make your life easier so you can concentrate on your business.

Bookkeeping Tips 1 - Credit/charge cards for business

I come across many businesses who are using cash to pay for small items of expenditure. They use the receipts for their bookkeeping, or make them available to us when we are doing their bookkeeping. Some even do a little spreadsheet for this expenditure-which is nice-bless you!
One way of making this task easier is to use a credit/charge card for your business account (if its available). You simply use this to pay for everything and everywhere that accepts the cards. This way:

1. The bank have summerised the expenditure for you, saving you the job!

2. Everything goes through your business account, so is traceable and much easier and quicker to do your bookkeeping from. You get a statement every month showing exactly what you've spent. With cash its easy to lose the receipts, and its fiddlier to do the bookkeeping.

3. If you lose the statement, then you can request another. With cash receipts, if you lose them- you'll have a job trying to get replacements!

This simple method will save you time, make the bookkeeping less hassle and improve your record keeping.

Time To Get The Source Out ?

I come across many clients who are just starting out in their new business. Understandably money is tight and they want to conserve as much cash as possible. One of the ways they do this is o do their own bookkeeping and VAT, and leave the annual accounts and tax returns to the likes of me!
This makes sense, as in the early days you may not be that busy in terms of trading, so have more time to devote to non-core activities such as bookkeeping. But as the business develops, and you get busier in the sales activity of your business, it makes no sense to be doing your own bookkeeping. The time spent would be more efficiently used if you spent that time on money making activity.
You need to work out what your time is worth per hour and if thats more then what you would spend on bookkeeping than you should outsource. As a business owner we have to wear many hats, but many of these tasks can be outsourced to companies for whom its their bread and butter. The other issue for business owners is to concentrate on the skills they do best, their passion, what they actually went in business for in the first place! - you'll be more efficient and happier. Why spend time on something that you probably hate doing, and it takes you longer because of it!
Look at your business. Are there areas you could outsource, that would free up your time to spend working on your business ?, or god forbid even on yourself!