Don’t Panic! You Can Get Back On Your Feet

Brexit aftermath… the global pandemic… economic downturn… the cost of living crisis. It has not been the strong 2020s for small business owners throughout the UK these past couple of years. 70.9% of small business owners still are suffering the effects of each working day.

It can be hard to get back on your feet following so much trial and tribulation, and taking care of finances can be an emotional seesaw that makes you question whether the business is worth all of the stress. Well, we are here to tell you not to panic – there is always a way and help at hand to get you back on track.

Whether it is reworking your bookkeeping process or taking technological steps to streamline your process, there is plenty of gas left in your tank to fight through the pandemonium. Let’s take a look.

Dust off the Books

If you have not yet considered tallying your books, now is the time to get cracking on it. This is what is going to help you keep up-to-date with all of the transactions and put you in a much better financial state for the future.

It involves ensuring that none of the important paperwork is missing, reconciling your bank and card statements to make sure they match and investigating and reviewing the profit and losses, cash flow statements and balance sheet for those inconsistencies and red flags. Thorough verification of records is what is going to get you back stronger than ever.

Sound daunting? Once again – don’t panic! Small business bookkeeping solutions can have all of this covered for you.

Arrange Your Receivables

Gauging the reality and minimizing the potential losses is right up there on your priority list. Accounts receivable is the money that your debtors and customers are owing to you, and it is always advised that you get them to pay on time.

It is not unlikely for debtors to turn to bad debts in times of crisis – much like we are living right now, but be sure to have a clear record of the accounts receivable for your company well installed. Managing those customer risks to prevent falling into bad debts is vital for any small business right now, including yours.

Once again, don’t panic. Bookkeeping services can have this all in hand and help you keep it all running as it should.

Better financial planning leaves little room for error, and whilst many small business owners choose to go it alone, they are also left to handle the problems which amount to unsolvable issues. With bookkeeping services in Manchester, you have expert financial planners taking care of the large financial burdens your company faces, also helping you detect wasteful spending and irregular inconsistencies with your finances.

Contact the team at Pebbles Bookkeeping today to stop the panic and begin getting back on your feet.

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.”

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.

Steve Price, BWP Inspire

“We have now been working alongside you with various clients. In some cases, we have introduced you to our clients and in other cases you have worked as part of our team. Every time we have brought you in you have done a great job. We now see you as an extended part of our team. You have proved to be professional, flexible and above all competent in getting the work done. We would not have any hesitation in recommending you again, and we look forward to working with you more in the future.”

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.”