Keeping accurate bookkeeping records is absolutely essential to comply with the law and to keep peace of mind – but knowing your numbers and recording your numbers accurately is a business discipline that strong businesses practice constantly.
There are numerous software packages available, both online (cloud) based and installable versions, to allow a good dose of self-reliance allowing the new business owner to do their own bookkeeping. There are also freelance bookkeepers and accountants that offer their services for a fee.
It is vital though that self-help does not reflect ‘amateur’ … if you do not keep good records then VAT, tax and even payments (from customers and to suppliers) will become problematical. If you don’t have the self-discipline then let an expert help you.
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Have a system for keeping records as you go, catching up retrospectively is a nightmare. We strongly recommend the merits of employing a professional to help with your bookkeeping as the time they save you can be investing back into your business.
Bookkeeping thoughts from Yorkshire Powerhouse
Now you’ve read our article on bookkeeping – have you any more questions?
Here at Yorkshire Powerhouse, we’re happy to help as much as possible – is there anything else we can do to help you, do you have any further questions or can we help introduce you to an expert – please let us know:
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