| When you have a business, regardless of the size or | | | | accountant or search on your own via advertising |
| how much sales you can make each day, maintaining | | | | internet.d). Hire a bookkeeper / a bookkeeping team in |
| the day to day record of every transaction in the | | | | your company - Preferable if you're a large firm which |
| business is crucial. All your business activities | | | | have many finance activities each day. Otherwise, the |
| connected to your business finance, including each | | | | hiring, managing, training, providing office supplies and |
| expense and all income received. It pays to have the | | | | various questions towards the paperwork would cost |
| accounting records up to date and in place. Otherwise, | | | | your business much more. Also, don't forget about the |
| the year end filing could be a nightmare with a big pile | | | | cost of paying your bookkeeping team -Employers |
| of unorganised paperwork on your desk. | | | | National Insurance, Tax, general liability insurances, |
| To keep your accounts up to date and avoid | | | | holiday time, sick paid, healthcare insurance and other |
| unorganised paperwork, you have to start managing | | | | benefits.f). Sign up with an online bookkeeping service - |
| your day to day financial activities with bookkeeping, | | | | This is the fastest and most efficient method. You |
| from today (If you haven't already done so)! | | | | don't have to meet the bookkeeper in real life. It saves |
| Bookkeeping can be done by:a). Yourself - It's free to | | | | time and money, yet you get professional and |
| do bookkeeping yourself. However, one can spend up | | | | confidential service. All you have to do is sign up with a |
| to several hours or even days every month doing | | | | professional online bookkeeping service, scan your |
| bookkeeping record. You need to consider how | | | | paperwork, email/fax over to your bookkeeper and |
| valuable is your time? Isn't it wiser to spend time | | | | the online bookkeeper will deliver your bookkeeping |
| running your business, where your expertise is valuable | | | | record as soon as they finished it. |
| and outsource your bookkeeping to someone else.b). | | | | If you decide to do the bookkeeping yourself, there are |
| Outsource your bookkeeping work to a third party - an | | | | a number of accounting software packages which are |
| accountant firm / qualified bookkeeper. Outsourcing | | | | very handy and efficient, such as:a). QuickBooksb). |
| your bookkeeping can get the work done with a quick | | | | Sage |
| turn-around time, in a professional and efficient way.c). | | | | Ensure that you ask your accountant which accounting |
| Get a bookkeeper to your firm once a week/month - | | | | software most suits your business and is compatible |
| If you don't have that much of paperwork, get a | | | | with their software, so that you can send your |
| bookkeeper to your office once a week/month. | | | | bookkeeping records to them for year end accounting. |
| Maybe you can get this service from your local | | | | |