Systems

Systems

Effective – do the right things

Efficient – do things right

It’s your business so make sure you’re doing all the right things your business needs to do to be successful, profitable, sustainable.

But doing the right things in the right way is where systems come in.

Being organised, using the right technology, making sure everyone knows how to do their job properly and knows what’s expected of them – your business should purr like a well-oiled machine.

And the systems / process that are put in place should be scalable, easily coping with more and more transactions so you can grow without falling over.

We’re keen to help businesses make the best use of technology to improve the quality and lower the cost of accounting. We’re paper-free and totally in the cloud ourselves and we can help you to get there as well – giving you easy to manage bookkeeping and management information.

Read all about it:

Credit management – A sale is a gift until it’s paid for (part 1)

Many credit rating agencies can supply marketing lists pre-screened to contain only prospects with a decent credit rating. So, there really is no excuse to sell to high risk prospects in the first place.

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Cloud accounting

Cloud accounting is the tectonic shift in the accounting world.

We help businesses make effective use of the cloud accounting solutions out there and collaborate with them to ensure their entire financial environment is working properly.

There’s a lot of hype about the cloud and cloud accounting and several different ways of enabling cloud technology in your business.

We use two of them!

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Pensions auto enrolment – how to get started

Pensions auto enrolment (AE) is the law and it’s making its way to your business NOW!

As we go through 2017 and beyond, more and more companies will have to auto enrol their staff into an approved pension scheme and this blog gives an overview what’s involved.

There are three big areas to work through:

  1. Preparing and choosing a pension scheme
  2. Running your pension scheme
  3. Compliance declarations
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Cloud accounting – We can work anywhere in #thecloudthatcounts

Frankly, using new accounting software is like driving a rented car. You may never have driven the specific make or model before but you know it must have gears, a steering wheel, lights, brakes etc. and it is just a case of finding out where they are and using them.

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Bookkeeping is the bedrock of your business – EBook

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.

Topics include:

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:

Contact Us

Tax

Tax.

Keep it simple.

Submit all your tax returns in good time, pay the right amount of tax and don’t put the tax cart in front of the business horse!

The common taxes for owner-managed business are:

Being organised is the key to tax.

Good bookkeeping in your business should take care of VAT, payroll taxes and corporation tax and organised record keeping in your personal financial affairs will make your own tax return much easier to produce. Download our Bookkeeping EBook here.

Having a separate tax bank account to save into is also sensible so you have the money to pay your taxes when the time comes.

Read all about it:

Credit control

A sale is a gift until it’s paid for.

If you give credit terms to your customers then make sure they pay you on time.

You’re not a bank so don’t let your customers borrow from you, which is what they’re doing if they delay payment.

We help companies stay on top of credit control from start to finish:

  • credit checking prospects and ongoing customers
  • invoicing accurately, electronically, punctually
  • chasing for payment – phone is best!
  • taking action against slow payers

Put credit control front and centre in your business – you can’t afford not to!

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