bookkeeping system

Do You Have the Business Bookkeeping Blindfold?

When we talk about the bookkeeping blindfold, we are talking about those periods where you are not keeping your bookkeeping system updated and have no clear indication of where your business is thriving or suffering financially.

It is something that many business owners put on the backburner and start to run blind, allowing their business to lose focus for growth.

Outsourced bookkeeping services can help you take off the business blindfold and provide the answers to your business’s financial state. Without a firm grasp of your current income and expense figures, you cannot effectively grow your business. Here are some areas a bookkeeper can help you to see clearly.

Income and Expenses

You would be amazed at the number of clients a bookkeeper has that have little to no idea where their business sits without the guidance of their bookkeeper.

Many business owners choose to run blind and engage their bookkeeper only once a year, usually towards the end of the business year, to help with updating their books and pulling all of their information together. By not knowing the business’s current financial state, how can you be expected to make good, positive financial business decisions?

Cash Flow and Accounts Receivable

When you have a new business, cash flow is one of the most important life blood to it.

One of the biggest and most common problems for these types of businesses is that they break the bank by selling their product with very limited resources. The problem within that always tends to be within accounts receivable. Staying on top of your business invoicing and accounts receivable is key to boosting your cash flow and keeping your business running at a healthy level.

Forecasting

One of the biggest benefits your business has with an up-to-date bookkeeping system is the ability to put some financial forecasting in place – all thanks to updated income and expense figures and accounts receivable kept in line.

Without accurate books, forecasting is next to impossible to achieve. To have those books in an accurate state, you have to perform monthly account reconciliations. Forecasting is a must-have for businesses operating today, yet many businesses do not take advantage because they choose to fall so far behind and not have professional bookkeeping services in Manchester to handle their financials.

There is a lot of valuable information that a bookkeeper provides for your business, and if you do not have a bookkeeper in place, you can call the team at Pebbles Bookkeeping today to get yourself on the right track moving forward.

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

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.

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.

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.

Sam Phillips, Sam Phillips Builders

“Sean and the team at Pebbles provide bookkeeping services and do everything from processing invoices to payroll and then final accounts to trial balance.  They have put processes and systems in place that have helped the company track our projects and see if they are profitable and to help us generate better profitability and cash flow.  I highly recommend Pebbles Bookkeeping and often pass their details onto my contacts.”