Don’t Run from Small Business Bookkeeping Solutions

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.

What our clients say…

“We have now been working alongside you with various clients. In some cases, we have introduced you to our clients and in other cases you have worked as part of our team. Every time we have brought you in you have done a great job. We now see you as an extended part of our team. You have proved to be professional, flexible and above all competent in getting the work done. We would not have any hesitation in recommending you again, and we look forward to working with you more in the future.”

Steve Price, BWP Inspire

“Sean and the team at Pebbles provide bookkeeping services and do everything from processing invoices to payroll and then final accounts to trial balance.  They have put processes and systems in place that have helped the company track our projects and see if they are profitable and to help us generate better profitability and cash flow.  I highly recommend Pebbles Bookkeeping and often pass their details onto my contacts.”

Sam Phillips, Sam Phillips Builders

“In bringing Pebbles onboard, it has made me wonder why we decided to try and do our own bookkeeping at all. Pebbles came in and sorted 18 months worth of mess we had unwittingly created, and we cannot be more grateful. I wish I had been told about them years ago and I hope every business out there struggling would give them a call to fully see the benefits they are missing out on.”

Sarah Rekia, Site Welfare

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