If you run a business, it is likely that you have either considered or been advised to hire a bookkeeper, but you could be forgiven for asking the question; why? What are the advantages of hiring a bookkeeper?
Simply put, in business, anyone working for you in any capacity will perform one of two basic functions; they will either make you money, or save you money.
Salespeople, technicians and marketing staff are all examples of employees that help your business make money. Purchasers, operations managers, and accounting staff are there to save money and bookkeepers are often the front line in this task.
What will a bookkeeper bring to your business?
A bookkeeper will ensure detailed and accurate recording of your transactions and accounts are up-to-date and in good order, no unreconciled or loose transactions kicking around without being neatly filed in your accounts. They ensure compliance with the law is maintained at all times, keeping your books in perfect order, so you need never fear an audit.
With such good records and accurate information available this makes it easier for you to plan the financial future of your business. With instant reporting available at any time, you can be assured you can get an accurate and representative snapshot of the position of your business at any given time, something an accountant does not offer.
Any banks, investors or other creditors are usually much happier, and you are likely to enjoy much improved relations with such parties as a result of having clean, unencumbered and simple financial information available to them whenever they want. No more preparing for a bank manger’s meeting, everything they would want to see is ready for them at a moment’s notice.
Best of all, with accurate and up-to-date books, you are almost never going to face a surprise tax bill. At any given point you can accurately predict your end of year tax bill, your next VAT liability and you can plan effective ways to reduce those bills well ahead of time. Saving you even more money!
Hiring Adkin Bookkeeping
Operating as an outsourced bookkeeper, we provide all the advantages of a bookkeeping department at a fraction of the price. You are getting the expertise, experience, and know-how of our entire team, without having to hire a whole team yourself.
Areas of expertise
- Payroll services
- PAYE services
- Financial consulting
- Bank reconciliation
- General bookkeeping
- Cloud Accounting (including; Sage, Xero and QuickBooks)
- VAT returns
Contact Us
For a free, no obligation consultation, to find out how we can help your business, whether you’re based in Essex or beyond, please get in touch today.