As a business owner it’s of vital importance that you are in control of your business finances. When your bookkeeping is not done accurately and kept regularly up to date then your business finances can spiral out of control.
The finance function is paramount to your business and we know the problems and stress that this can cause if you don’t have things under control. You need to know what’s going on.
All entrepreneurs like to be in control of things but do be aware that being in control of your business finances doesn’t mean trying to do it all yourself.
It’s great for you to fully understand how the finance function works but running it effectively is a job that requires both skill and experience.
Doing the bookkeeping work is a job that gets the foundations right for your business, and without the foundations of the finance function being right, everything else will fail.
Using a great accounting software tool such as Xero will help but it won’t do it all for you – far from it!
The accountant/bookkeeper that manages your finance function needs to know various things including how to import accurate information from various sales channels, sometimes dealing with different commissions and VAT rates.
They need to deal with all supplier invoices, perhaps sometimes with foreign currencies or tax rules.
They need to accurately deal with all of your VAT and ensure all bank accounts and credit cards are reconciled.
Then once absolutely everything is completely and accurately recorded in the system they need to know how to get meaningful information back out of that system.
So by getting in place a proper, professional finance function to deal with the finances, you are not only freeing up your own time and relieving your stress, but you are also ensuring that everything is done properly, thus enabling everything else within the business to become far easier.
To achieve clarity with your business finances we get in place for you an efficient finance function and ensure that we do all of your bookkeeping for you efficiently, accurately and constantly up to date.
We use the best cloud technology including Xero and Dext to create the system that’s best for your particular business, and then with our expertise we’re able to give you full control to steer your business clearly.