bookkeeping mistakes

Avoiding the Bookkeeping Mishaps

How hard is it to keep control of your books? You probably think it is as easy as 1-2-3, but it is not as easy as you may initially believe – and many small companies make these kinds of bookkeeping mistakes many times in their process.

What are some of the biggest mishaps that you can make in regards to your bookkeeping?

Those Little Receipts

All those small receipts add up soon enough and they document all the tiny deductions you can claim on. Many smaller business owners fail to see how these small amounts play an important part and simply throw them out, but it is worth keeping hold of them all by simply throwing them into a box or drawer for benefit later.

Just like receipts, keeping track of all of your expenses, no matter how small, plays a much larger role for your business. Many business owners will fail to request a receipt if not presented with one from a store or service, and this will be money documentation that is lost when it could benefit.

Computer and Cloud

Many small business owners make bookkeeping mistakes by not backing up their computer data, making it very easy to lose all your business records. If your electronic systems break down, you could be left in a precarious position for your business.

Also, whilst the cloud has revolutionised the way we store data if that was to go down how will you protect your data from being lost? Keeping printed hard copies of your records keeps your information safe and accessible no matter what could happen technically.

Handling Your Bookkeeping

Believing that bookkeeping is a straightforward, easy and stressless exercise is a fairly easy trap to fall into.

Proper bookkeeping is a task that takes a cool head, time and a level of dedication to do them accurately. Doing it yourself without the skills of professional bookkeeping services is going to present a fair level of risk that can result in a great deal of time taken and potentially doing it inaccurately.

Bookkeeping services in Manchester utilise a lot of tools, experience and software to accurately deliver your records in perfect sync with your business operations. Handing over this area fully to an experienced professional ensures you are getting it done the right first time, giving you more time to focus on business growth that is reinforced by perfect bookkeeping and financial reports.

Contact the team at Pebbles Bookkeeping today.

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

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.”
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.”

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.