Do I require a bookkeeper? – it is a question that everyone who runs a small to medium business is going to ask when someone asks if someone does their books. Looking at essential parts of a business, when you find a local bookkeeper or accountant, they are a crucial part of the overall package.
Not only does a bookkeeper keep a track of your business financials – the blood of your business – but they play a pivotal role in the sorting out of your taxes and taking care of your financial ins and outs. To achieve all of this, they take a very active interest in you and your business as both a sounding board and a confidant in exploring where your business is going wrong as well as where it can go right.
When your bookkeeper is local to yourself, you have a bit of more bespoke and personal advice on hand that will be very beneficial to you.
If you choose the right bookkeeper, you have help in countless ways, freeing you up to concentrate on the running of your day to day operations. They also help you to save money through invaluable advice, such as what your business can claim back on and how to do it.
To do this, a bookkeeper can use a variety of readily available tools and expertise to pull your business through any tough period. A bookkeeper will keep a balance sheet to provide details of revenue and expenses at particular points of time, keeping you up to date on them as they go. They will also maintain purchase ledgers, looking after your accounts payable and maintaining accounts for your suppliers – whilst also giving you income statements to highlight your revenue against expenses and where you stand on profits over losses.
By providing you with cash flow statements, bookkeeping services let you know how much money is leaving and coming into the business, helping you to strategies regularly to help avoid losses.
On top of information relating to your business, a bookkeeper also can provide information to aid your business such as changes in equity which showcase changes in retained earnings and share capital.
They can also use your records to complete and submit tax returns on your behalf, or work with your accountant in submitting them with all available knowledge and documentation for a more accurate submission.
Having local bookkeeping services in Manchester means it is easier to work together, having regular face to face meetings that can be done over a coffee or simply drop in. This makes it much easier to work together,
Find a local bookkeeper today and contact the team at Pebbles Bookkeeping for your friendly local bookkeeping services in Manchester.