Isn’t It Time Your Business Was Focused on Profit?

This may sound a bit ridiculous, but it is a real question that you should be asking yourself – Is your business currently focusing on making a profit?

We get it, no one starts a business to intentionally lose money, but many businesses fail to give added attention to exactly where their income and expenses are weighing on the scale. Are your business expenses leaving your business with enough profit for you to take money for living and paying taxes?

Let’s Be Real

Let’s talk real for a moment – creating enough income to pay your bills and have a comfortable lifestyle means making a profit. When was the last time you balanced what you are spending against what you are making?

Sometimes profit can only come from growing your business and taking on more employees, but that is not the only option. Sometimes businesses can make enough profit for themselves without relying on this – and that comes from examining exactly where your business currently is.

Many business owners do not fully look into the costs it is taking to run their business every month and can be in the dark as to why they are not doing as well as they feel they are.

Fixed Costs

Every small business has its fair share of fixed costs such as telephone bills, insurance and software licences mixed in with their rent, rates and company vehicle costs. These require paying however much your business is making. However, they may be much less than you are currently paying.

Many business owners fail to follow up with their mobile phone provider to see if upgrades are available. When mobile contracts expire, they rarely ever come to the attention of the person paying the bill. Most upgrades are cheaper on a monthly contract and the service is better. When it comes to insurance, your insurance provider can make you a good deal for upgrading your existing plan or taking out a longer term.

Software licences are one of the biggest areas that get overlooked. Many may have expired and no longer serve a purpose – but you would be amazed at how many small business owners fail to realise that they are paying licences for products they stopped using years ago.

Don’t Juggle

It’s not your fault – you are a business owner trying to juggle 10 balls in the air and your financial records are the 11th.

If you want to understand where your business is from a financial standpoint, you need professional bookkeeping services to look over exactly where your business financials are standing, failing and can be improved.

Contact the team at Pebbles Bookkeeping services in Manchester today and start discovering where your profit is coming from.

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

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.”

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.

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.

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.”