Bookkeeping is fundamental for your business because it:
- Clarifies Finances: Keeps your financial situation clear by tracking income, expenses, assets, and debts.
- Ensures Tax Compliance: Helps you meet tax obligations accurately, avoiding penalties and errors.
- Informs Decisions: Provides data for smart decision-making and future planning.
- Facilitates Growth: Attracts investors, lenders, and partners with well-maintained financial records.
- Controls Costs: Identifies areas for cost-cutting and efficiency improvements.
- Meets Legal Requirements: Keeps you in compliance with legal regulations.
- Simplifies Audits: Makes audits less stressful and more manageable.
- Supports Valuation: Assists in business valuation for potential sale or merger.
- Analyses Profitability: Helps evaluate your business's performance.
- Aids in Budgeting: Enables realistic financial goal-setting and planning.
In essence, bookkeeping is essential for financial clarity, compliance, growth, and better business management.
Packages
Bookkeeping Support
from £350 pm ex VAT
Management accounts
from £500 pm ex VAT
Credit Control only
On Assessment
Xero Certified Training
£75 per hour ex VAT