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...

Steve Tanswell, Manchester Facades

I changed book-keepers around a year ago because of a disagreement.  I employed Diane of Pebbles and having been with the same firm for 10 years, I was amazed by how easy working with Diane was.  Not only did the change save me money but also saved me time.  Utilising new technologies (to me) have massively improved the amount of money I can claim back in VAT and has made the whole process speedier and well as easier.  Even when Diane is chasing me for information she does in a friendly professional manner.  I’m thrilled to be working with her and would recommend her to anyone.

Mark Gray, Taylor Made Finance Ltd

“Pebbles Bookkeeping have been doing our bookkeeping for the past 2 years. Our Accountant recommended them to us and they are very professional, approachable and knowledgeble in the work they do. We send them our paperwork electronically and manually and they process it all efficiently in a timely manner.

I would not hesitate to recommend Sean and the team at Pebbles Bookkeeping – they do a fantastic job.”
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.

Anne-Marie Armstrong, Amberry Marketing

I just wanted to thank you both for the help you’ve given me thus far in setting up my new cloud-based bookkeeping system ‘Clearbooks’.

Having used Microsoft Excel for more years than I care to admit, I had more than a few reservations when considering changing the way I managed my books, yet understood that I had to make the change sooner or later.

After an intense training session with Sean, (where I probably asked 101 questions), my fears quickly dissipated and I can honestly say that although it’s likely to take me a little while to really get to grips with the new interface, I’ve no doubt that this simple system will save me so much time and hassle in future.

And less time spent doing my books, almost certainly means more time with the family and an end to rushing around like a mad woman at quarter-end!

Thanks again and I’m looking forward to working with you again soon.

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.