From our experience, most small business owners don't really enjoy bookkeeping and leave it to the last minute and end up working late into the night or on the weekend when they could be spending this valuable time with their family and friends. They carry on because they have a DIY attidute and tend to think that hiring an accountant for bookkeeping services is a luxury. We believe that hiring an accountant is not a lifestyle decision, but a business decision and by investing in a professional can bring considerable returns, with the added bonus that you get back valuable time to spend with your family and friends.
When owners do their own books it generally only happens when they find the time and the financials aren't given the attention they deserve. This could result in errors in data entry which take hours to find and fix; lost receipts of proof of purchase, missed deadlines and potential issues with Her Majesty's Customs and Excise (HMRC).
If you improve your invoicing, you will potentially improve your cashflow. For example, a busy electrician is on site and doesn't get a chance to raise an invoice for a couple of weeks because they are so busy. He then sends the invoice two weeks later which gives 30 days to pay. Even if the customer pays to terms it still means that the electrian's business is waiting more than six weeks for cash, even though the employees who did the work were paid weekly while the job was being done.
Here at Perspectives, we can set up automated invoicing systems, and even set up a system so you can invoice from your mobile. Invoices can be sent quickly and you can check which ones have been paid and which haven't. We can manage the automated bookkeeping system for you, supervise when needed or just help you to set up so you can run it yourself. If you would like us to prepare final accounts, be it on a monthly, quarterly or annual basis, we can do that according to your needs.
As Quickbooks Online Advanced Pro Advisors and Receipt Bank Select Partners, we are experts in providing digital / cloud based solutions that can take away the hassle and save you money on all your bookkeeping needs
Call or email us for a free, no obligation chat and quote.