| When it comes to strategic planning in business, it goes | | | | handled by experienced Bookkeepers and ACCA or |
| without saying that knowing how well you are doing | | | | ICAEW qualified chartered accountants, who will be on |
| financially has a key part to play. Often though some | | | | hand via email and telephone to deal with any queries |
| sole traders or small business owners are either too | | | | that may arise. |
| busy or don't have the necessary skills to compile the | | | | By outsourcing your accounting and bookkeeping you |
| necessary accounts and keep the books. You may be | | | | are tapping into the experience and expertise of |
| too busy actually running the business to keep your | | | | qualified accountants. The creation of monthly |
| books, which unfortunately means that a key | | | | management accounts for instance will provide |
| decision-making tool is missing. If this is the case with | | | | businesses with a profit and loss account showing the |
| your enterprise, then the bookkeeping services on | | | | current month and year to date figures, a balance |
| offer from certain financial specialists might be an ideal | | | | sheet where applicable and detailed ledger listings |
| solution. | | | | detailing how much is spent and on what. |
| Accounts and up to date books are essential for | | | | And remember, if you have twelve sets of monthly |
| highlighting areas where a business has over or under | | | | accounts created by an accountancy specialist then |
| spent, as well as detailing profits to date and how | | | | the year-end figures are so much easier to calculate, |
| much tax is to be paid. Accountancy and bookkeeping | | | | including the submitting of tax returns to HMRC or filing |
| service providers take away the hassle of financial | | | | accounts with Companies House. |
| management. Simply pop your documents, sales | | | | Payment can be spread across the year for these |
| invoices, receipts and bank statements in the post and | | | | bookkeeping services, which frees up valuable cash |
| let them do the rest. They will then produce monthly | | | | flow for your business. And with prices starting from |
| payroll, VAT and other figures for you, as well as a | | | | just £17 plus VAT per month for a sole trader |
| set of monthly management accounts. They will then | | | | and £55 plus VAT for a limited company with |
| be sent back out to you - simple as that. | | | | certain specialists, they really do represent a |
| What is important is that all financial matters are | | | | cost-effective investment. |