As a self-employed person/sole trader/ business owner, you are no doubt enthusiastic about the product or service you offer, and are most likely hoping to enjoy the freedom and benefits of your situation.
Think about why you started your business. Was it because you wanted more time with the family, because you wanted less stress, or because you are passionate about what you offer to your clients? You are no doubt already the Sales and Marketing Director and Operations Director, do you really want to be Finance Director too?
Using a bookkeeper can enable you to achieve your aims, saving you unnecessary stress, and providing you with the freedom to concentrate on the things that matter to you.
A bookkeeper can ensure you remain compliant with HMRC legislation and add value to your business, providing an accurate financial picture, so you can make timely, informed decisions. The costs can be offset, as you have more time to scale your business, expand your team, and undertake more marketing and sales.
However hard you work, if you do not get the figures right or fully understand your financial position, then this could be the downfall of your company. A bookkeeper could be the best investment you make.
If your accountant also does your bookkeeping and you are happy for this arrangement to continue, then you do not need a bookkeeper too. However, if you only see an accountant once a year or very rarely, then there is great value in using a bookkeeper.
A bookkeeper will frequently update your records with your income and expenses so that you have accurate and up-to-date information. They will have a clear understanding of the financial health of your business and make smart decisions, knowing how much you are owing and how much is due to you.
If you find out at year-end that you have made a loss, it is too late to rectify. It is much easier to see your monthly or quarterly performance in order to make informed financial decisions. If the accountant asks you questions about transactions you have forgotten, or needs a receipt you cannot find, this could take you hours, or even days to rectify.
Why not use Hurst Bookkeeping and Business Services in conjunction with an accountant, and be fully informed on how your business is performing day-to-day, staying up to date on a daily basis allows you to fully prepare for the future.
You can contact us by telephone, email, or via our Facebook page. We will then set up a free initial consultation over the telephone, or Zoom, in which we will discuss your business, your goals, and priorities and what you hope to achieve by using Hurst BK.
We will then discuss what services are available to you, and your preferences on whether you’d like daily, weekly, monthly, or quarterly services. Once we have all of this information, we can then provide you with your quote, which is entirely bespoke to you. If you are a smaller business with only a few transactions we are able to negotiate an hourly rate, but we do generally advise a package fee after 3 months, when we have got to know your business needs better.
If you are happy with the quote, we will send you our Letter of Engagement and Terms of Business, which details the agreement reached and the standards we will comply with (GDPR, etc.). You will then need to complete forms regarding your business and provide your identification, as is required by Anti-Money Laundering Regulations.
