Do you need help with bookkeeping for your small business?
Whether you’re a new company wondering how to get started or a more experienced business owner, everyone could benefit from bookkeeping help from an accountant for small businesses.
What is bookkeeping?
Bookkeeping is a vital part of running any business. It’s the practice of keeping detailed financial records on your business. All businesses must keep a track of all incoming and outgoing money in the business and be prepared to show these records to their accountant or government bodies.
You will need meticulous records in order to work out how much tax you owe to HMRC and how much you can claim in expenses.
Get bookkeeping and accounting help from Countplus Accounting
Keeping track of every little transaction can feel a bit tedious and time-consuming. Why not let someone else take care of it?
Don’t be one of those people who leave everything to the last minute and then have to go through a year of transactions. It can be a headache, but it’s completely avoidable with the help of bookkeeping services. Let a professional chartered accountant handle it all for you.
If you are interested in our bookkeeping or accountancy management services, get in touch with Countplus Accounting today. We will help you take control over your finances, bookkeeping and stay on top of your taxes.
Why should you get professional help with bookkeeping?
Learning all the terminology, rules and practices of accounting and bookkeeping can take a lot of time away from you running your business.
Running a business is already a lot of hard work, commitment and stress on its own. Adding all the responsibility of tax on top of it isn’t necessary with the help of small business accountants such as Countplus.
If you’re already getting help with your accounting and tax, you may, like a lot of people decide to let your accountant help with bookkeeping too. Choosing to outsource both bookkeeping and accounting ensures that everything is sorted in one efficient move. This then leaves you free to concentrate on other areas of your business.
It also ensures that all your records are accurate, up to date and ready for an accountant to complete annual accounts, Self Assessment and any other financial reports they need. Your accountant won’t have to chase you up for records anymore if they handle everything on your behalf, which saves both of you time.
How do you start bookkeeping?
You can choose to do it yourself. However, it can be quite time-consuming and often complicated to master if you don’t have experience with it. That’s why many businesses hire a bookkeeper to handle it all for them.
There are a few different methods you can use. Most people use either:
- Spreadsheets – This is the more traditional method. It’s free and accessible but not without its downsides
- Bookkeeping software – This is the more modern and convenient method which will save you time.
We would recommend using bookkeeping software because you can automate a lot of it, which saves lots of time and reduces the likelihood of errors.
One benefit to bookkeeping software is that a lot of it is cloud-based these days, which means it’s easier than ever to grant access to your accountant. This means you can both access your records and work on them simultaneously without delay or hassle.
However, using bookkeeping software is still a big learning curve for many businesses, and that’s why they tend to outsource this to bookkeepers and accountants for small businesses.