Good bookkeeping is the bedrock of every successful business.
As you can see from our illustration, bookkeeping is at the centre of every aspect of your financial management and you let it lapse at your peril.
However, we see too many businesses where the bookkeeping is not done well enough and in a lot of them the business owners don’t realise the problem – they don’t realise they are making decisions based on incorrect financial information.
We have produced a simple Bookkeeping EBook which shows you:
- how important good bookkeeping is for profit and cashflow improvement
- how your bookkeeping supports other financial functions
- how to organise your business to get your bookkeeping right
It’s free to download, just click on any of the Bookkeeping EBook links on this page and off you go.
You can see how central good bookkeeping is to the entire financial management ecosystem of your business and we have blog articles on the other financial aspects which you might also find helpful.
Some business owners warm to numbers – others find numbers a complete anathema. Wherever you are on that spectrum it might be useful to get a bit of expert help where you need it.
Money – well spent.
Don’t forget to download the Bookkeeping EBook !
Michael – @diaryofanomb
Need a little help with your bookkeeping and financial management? – let us know how we can help you:
Too often we see examples of companies where the published accounts at Companies House bear little resemblance to the numbers in the client’s accounting software.
They should be the same.
How could they be different?
And what is the impact?
You can’t move for cloud accounting marketing on social media – the providers of cloud accounting software and advocates for it are all over the place and you might think it’s the only game in town.
But think again – think about doing your accounting in the cloud. Then think more widely.
Think about running your entire business in the cloud, without being limited by cloud accounting software.
It’s a strange feeling when you shrink with one hand and at the same time grow with the other. Courtesy of cloud accounting.
Shrink is not really the right word. We are simply took advantage of moving into the cloud to reduce our property costs in one location and at the same time open another office in Richmond.
Accountants in Fulham, accountants in Richmond. Accountants everywhere and anywhere, in fact.
It’s a period of change and opportunity for us, and a chance to stand back and remind people of what we do and why it works.
Cloud accounting is becoming more entrenched as a business solution and although we still don’t think cloud accounting software is as good as some of the best desktop packages, it’s getting better all the time.
But what if you are very happy with the accounting software you use and have several years of data stored in it but you want to work in the cloud and gain the benefits of access from anywhere at any time?
Here are a couple of solutions.
Management accounts are vitally important for every business.
Not having management accounts is simply not an option and yet we continue to see companies, some with multi-million turnovers, that have nothing like the management information they need to run their businesses.
Organise a management accounts makeover.
Running two bank accounts is an incredibly powerful discipline for a business to adopt because it puts such a focus on making the business make money.