Top 5 bookkeeping tips

We are often contacted by businesses that are in need of assistance with a bookkeeping clean up. 

If you have found yourself in the middle of a bookkeeping nightmare take these four simple steps to clean up your mess. 

1.  Get serious about it

The first step is to identify that you have a business bookkeeping mess and that you are willing to do whatever it takes to get things cleaned up and caught up. 

Nothing is more frustrating than working with someone that clearly is not serious about getting the job done.

2.   Get help from a professional

It is important to work with a bookkeeper or bookkeeping service that actually knows what they are doing. 

It is always a good idea to check your business network to see who your colleagues use for their bookkeeping needs. 

3. Bookkeeping software

If you are using recognised software you might consider contacting a specialist in that particular product, although most professionals will be familiar and used to working with the main products on the market.

4.  Follow Your Bookkeeper's instructions

When you bookkeeper asks for something you should provide it or ask for help so you understand where it is or why it is needed. 

Having your statements available online is probably the best thing you can do.  Make sure you have access to ALL your statements including bank accounts, credit cards, credit/debit balance and payroll reports. 

5.  Stay on top of your bookkeeping

Once you have found an individual or business bookkeeping service to clean up the mess it is important to stay on top of your bookkeeping. 

You don't want to spend all your efforts on cleaning up your bookkeeping system if you don't intend to maintain your bookkeeping on an ongoing basis. 

If you would like help from the professionals with your bookkeeping, Omni Chartered Accountants are here to help – we can offer free advice and guidance and competitive rates to deal with your needs!

Call us on 01902 837 408 or you can request a free of charge call-back from our website www.taxandaccountancysolutions.co.uk – alternatively, click here to view our pricing structure.

Are keeping books and records a benefit or hindrance to your business?

Are you confident and happy with your bookkeeping and records?

Do you see them as a hindrance or a benefit?

At Omni Chartered Accountants, we see many different levels and quality of the way businesses record and hold vital and pivotal information.

When records are poor, inaccurate or incorrect, it is imperative that they are reviewed and put right to ensure the correct numbers are available for all aspects of the business, not just the accounts.

Bespoke accounting solution for poor company records

Omni applies a very cost effective and totally bespoke approach to such situations. We will correct the information, show or train you how to ensure that the correct records are kept, or alternatively, we can take over the bookkeeping altogether if preferred, meaning that the level of involvement and assistance is very much tailored to your abilities, budget and circumstance.

It is so important, boring and dull, maybe!

But, it is important that you understand you have to keep proper and accurate records, not only for the tax and vat man, but also for yourself.

How else do you know who you owe, who owes you, what areas of your business are performing, underperforming, and what areas need your attention or are a priority? Crucially, how else do you know if you are actually making or losing money?

You need to look on your books as your very own window to viewing the health and wellbeing of your business.

So, now you know why you need to keep accurate books and records, just how confident are you with yours, do you want them health checked? If so get in touch by requesting a free of charge call back from our website or by clicking here to contact us.

Why not take the Accountancy Savings Challenge today!