small business bookkeeping solutions

Don’t Run from Small Business Bookkeeping Solutions

If you run a small business, ten to one when you reach the area of bookkeeping you look at it like it is a Rubik’s Cube of stress, confusion and trouble. Don’t Run from small business bookkeeping solutions!

Many owners run away from it, avoiding it because they don’t want to get caught up in a mishmash of confusing papers, numbers and accounts. Numbers just are not the strong suit they wear.

In truth, it can be as simple or as complicated as you want it to be. Complicated if you choose to leave it until a later day to get into, or simple by hiring outsourced bookkeeping services to keep that pressure away from you.

For Starters – the Bookkeeping

Keeping things simple, bookkeeping is keeping tabs on all of your business financial incomings and outgoings. It is part of accounting but it varies a bit in that bookkeeping is the crucial first step of accounting that centralizes on the recording and organization of all your financial data.

If that last part lost you, don’t worry. What you need to understand is that an accountant’s job is interpreting and presenting that data. How they do that is down to the bookkeeper.

Your bookkeeper supplies an overview of where your money is coming from, where it is going and, crucially, where it could be going wrong for you. Businesses have a lot of transactions, probably more than you realise at first, and if those books are not balanced, your overview can quickly be lost.

Now the Real Stuff

Okay, so now you know where the bookkeeping benefits you, how do you do it?

Well if you have chosen to take the path yourself and tackle it at a later date you have to make sure you handle some certain areas – and don’t worry if you have made a mistake, most small business bookkeeping solutions can work to pull you out of them.

Firstly you have to make sure you have separated your business and personal transactions. Now, many small businesses make the mistake of not separating personal and business bank accounts, and separating both sets of transactions from hundreds is going to be a very hard process. Therefore, be sure to separate them before you do any bookkeeping.

Then you are going to need to prepare your financial reports. You will need to find any documents or bank statements that have any type of business transaction, including PayPal statements, marketplace statements, tax reports – anything related to a business transaction. These documents will need to be prepared as you are going to use them when keeping your books. You can choose to store them electronically to use in accounting software or Excel templates.

Already Looking for a Professional

Okay, we accept that by this point the prospect of doing all of that is instilling a sense of dread, especially if you do it wrong which can be costly.

This is why many businesses opt for bookkeeping services in Manchester to handle all of these areas exclusively, providing great peace of mind and an ability to focus on what matters, the running of your business.

For small business bookkeeping solutions, run towards a professional to work with your numbers whilst you work for your business. Contact the team at Pebbles Bookkeeping today.

Don't just take our word for it...

Wayne Dinning, Managing Director, SD Waste Paper Limited

Diane has been providing her services to my company for approximately 6 months now and I can honestly say that due to her assistance, my company is running a lot more smoothly than it has at any time over the previous 30 years that it has existed.

I would just like to say that I would recommend her services to any business, whatever the size, as I can only see that her services would be beneficial to any company that may choose to employ her services.

Robert Flinn, Director, The Drawing Room

“Pebbles have provided professional and personal approach to all our accounts needs from processing invoices to management accounts. Based in-house they have become a valuable asset to the business and have given us a more strategic and analytical approach to our finances.”

 

Nick Aldrich, Only The Brave

Only The Brave have used Pebbles Bookkeeping for a few years now and we treat them instinctively like an integral department of our business.

I have worked with Sean for over two decades in my previous businesses and when Sean and Diane went on their own it was a no brainer to get them involved with our day to day accounting.

Pebbles manage our bookkeeping, expenses, credit control and PAYE and have a keen eye for detail and help us spot important financial matters before they become issues.

Their integrity and honesty are unquestionable and as a result, Pebbles are an asset to our business and will continue to work with us for many years to come.

TecCre8 Ltd

“We began to relinquish our bookkeeping tasks to Pebbles Bookkeeping in September 2020, following our meeting with Diane Huxley to discuss our requirements. We signed up with Diane immediately. We have all built a quick rapport with Diane and it’s good to know that we have her support and expertise at the other end of the phone.

Pebbles Bookkeeping is a perfect fit for our company and liaises seamlessly with our accountant. It is our pleasure to work alongside them.”

Lisa Heggie, The Gunnery

A massive thank you to Diane at Pebbles Bookkeeping & HR. You took the huge stress away from where do I start, with employee policies etc. You have created us a great, informative employee handbook, covering all necessary policies and risk assessments in a matter of no time and from the other side of the world too. I will definitely be in touch for any future help our company needs.