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...

James Balderstone, Lucid Networks

Pebbles Bookkeeping took over our bookkeeping when a full-time member of staff left the business.  Our accounts are relatively complex for a business our size because of the number of different suppliers and products we deal with, but Pebbles were able to get quickly up to speed.  We have significantly reduced our costs spent on bookkeeping activity as a result. They have also helped us move to a new accounting system (Xero), which we are already seeing the benefit of, and we’re looking forward to working with Pebbles in the future to automate more of our back-office processes.

Sarah Rekia, Site Welfare

“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.”

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.

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.