DIY Bookkeeping Costs More Than You Realise

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…

“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.”

TecCre8 Ltd

“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.”

Sarah Rekia, Site Welfare

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

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