small business bookkeeping

Tasks Towards Small Business Bookkeeping

When you are a small business owner, small business bookkeeping tasks require completion if you choose to do it alone and handle it yourself.

Sometimes they are done daily, sometimes weekly and other times on a quarterly or annual basis, and they can all get your head in a tizzy when they all need sorting out. Whilst many choose to utilise bookkeeping services to keep things on track and organised, many choose the trial and error route in getting into the routine of completing bookkeeping regularly.

The Sole Approach

Whilst the thought of rushing your annual accounts towards their due date is time-consuming and stressful, getting a routine set aside is important to keep on top of all sales and purchase invoices. Many people choose to keep a diary or online calendar to keep their focus on the deadlines that are due, from chasing customers to vat return dates and when reports are needed to be generated.

The work of bookkeeping services in Manchester is one of dedication to this specific area, which can get complicated very fast if you don’t know the how, why and when it all needs to be done.

Regular Activities for Bookkeeping

To differentiate the volume of small business bookkeeping requirements and the amount of time you need to do it properly, there are some areas you need to focus on chiefly.

You need to check your bank account to know how much cash as a business owner is there, helping to budget and know when payments can be made as well as uncovering what payments have and have not been made by customers. You will also have to reconcile your bank account regularly to ensure all transactions are posted correctly, which includes reconciling savings and credit cards.

Sales invoices will need to be prepared and sent following every job’s end to ensure a customer pays on time and recording every customer receipt against the sales invoice in the accounting records.

All of this is even before paying suppliers, keeping records on petty cash spends, company payroll, cashflow review and monthly reports being produced. Already many small business owners would feel overwhelmed just by reading this shortlist of tasks.

Outsource Services

This is when many business owners suddenly realise they may be out of their depth with this specific area and begin to see a dark cloud over the financial year-end and all of the work that is going to take precedence over the daily running of the business.

This is where bookkeeping services in Manchester come in, and contact with the team at Pebbles becomes the best move in keeping you on the right path. Contact us today for all bookkeeping services for your business.

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

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.”

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.”

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.

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.”
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.