DIY Bookkeeping Costs More Than You Realise

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DIY Bookkeeping

As a small business owner, you will know that the bookkeeping process is vital to the health of your business. It is a highly important part of running a successful business, especially when it comes down to evaluating and organising your financial information.

It also provides insight that helps for decision-making around the business whilst ensuring you meet the government regulations regarding keeping your records accurate. However, many small business owners are prone to making mistakes when they do DIY bookkeeping.

There are many negatives and risks in DIY bookkeeping, and most small business owners are completely oblivious that they are happening. Hiring outsourced bookkeeping services is the best way to avoid these costly mistakes secretly taking a heavy toll on your business.

Time and Effort

DIY bookkeeping takes up a lot of time which is valuable to your business’s growth. It takes up even more if you are unsure what you are doing.

All small business owners understand that time is extremely precious, and other areas require a lot more of it to stay competitive. The day-to-day running of a small business already takes up more time than you realistically have. When DIY bookkeeping is added to the mix, the difficulty dramatically increases – and that balance you work for in other areas is gone. Suddenly, you have no time to dedicate to marketing your business, managing your staff effectively or working on offering the product or service that your company needs to stay ahead.

Yes! One area of your business can have that knock-on effect and negatively impact your business in many areas.

Errors, Compliance and No Expertise

DIY bookkeeping has higher risks of presenting errors with your financial data and compliance with government regulations. The main cause is business owners having little confidence, information and experience in the roles that experienced bookkeeping services in Manchester have in spades.

The majority of overworked business owners make costly cash flow issues, miss deadlines that result in hefty fines and make even costlier invoicing errors as a result of inexperience. Adding to that, they increase their risk of accidental fraud which can land them in serious legal trouble. It also affects their ability to make strategic decisions for the company – resulting in bad directions for the company moving forward.

Read Enough? Time to Call a Professional

As you can see above, there are many benefits to going with professional small-business bookkeeping solutions.

You need the time and money saved. You need peace of mind about your business performance and government compliance. You need more time to focus on running your business and well-being. You need bookkeeping services in Manchester.

Contact the team at Pebbles Bookkeeping today and leave the DIY to the professionals.

What our clients say…

“Pebbles have provided professional and personal approach to all our accounts needs from processing invoices to management accounts. Based in-house they have become a valuable asset to the business and have given us a more strategic and analytical approach to our finances.”

 

Robert Flinn, Director, The Drawing Room

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.

Anne-Marie Armstrong, Amberry Marketing

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.

Nick Aldrich, Only The Brave

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