What is bookkeeping?
The dictionary definition of bookkeeping is the activity or occupation of keeping records of the financial affairs of a business. In fact, if you check the definition on Google it brings up the following sentence: "I got in a financial muddle because I didn't keep my bookkeeping up to date" which is a common theme.
Bookkeeping is the process of maintaining details of a businesses income and expenses - which sounds simple - but there are different ways to keep these records, it takes time to keep this up to date and there is a lot of opportunity for error.
If you don't want to get in a financial muddle because you didn't keep your bookkeeping up to date, consider letting us spend time doing this for you.
Why is it important?
Up to date bookkeeping can assist in making business decisions. Knowing how much cash the business has, knowing how much is owed to the company and how much the company needs to pay can impact business plans. If this information is out of date, or incorrect it is not possible to make informed decisions.
Not only is it important for making sound business decisions, it is also a legal requirement. HMRC can charge a penalty if your records are not accurate, complete and readable.
If you are not confident of doing this correctly, you can get peace of mind by letting a professional do this for you.
Why choose Edison Hallé & Co?
We are experienced in keeping records for businesses, so you will have peace of mind that your records are being kept up to date.
We're approachable - we know taking the decision to get assistance isn't easy. We will work with you to put together a plan to make record keeping as simple as possible. In many cases, as easy as taking a photo on your phone.
The bookkeeping services we offer are cost effective. By reducing errors, allowing informed business decisions and freeing up your valuable time, we can save you money and allow you to increase your sales. It may even end up being a profitable decision.