Bookkeeping is probably one of the last things you think about as a small business owner. You prioritise the tasks that bring in the income as cash flow is important. By law you need to keep a record of all your financial transactions in order to report them to HMRC. Your bookkeeping may feel like a chore but when you keep on top of it, you have clear visibility of your financial position. This can help you to make better business decisions. 

If you can’t keep on top of your bookkeeping on at least a monthly basis then you should consider outsourcing this task to a professional. Hiring a bookkeeper is an investment for your business and it’s also an allowable expense so you can deduct it from your tax bill.

Why is bookkeeping important?

Gives you visibility

By reconciling your accounts on a weekly or monthly basis, you know that your financial data is accurate. You will be able to run reports which give you a true insight into your current and future finances. It will also help you to recognise what areas of your business are doing well and what areas you need to concentrate on more. Having clarity of your finances means your business will be more sustainable.  

Compliance 

HMRC rules and regulations are forever changing and as a small business owner it can be difficult to keep track of all these changes. By hiring a bookkeeper, you can be sure that your business is compliant with changing regulations. You have enough stress to deal with when running a business without having to worry if you’re compliant and what deadlines you need to be aware of. 

We will also take care of any CIS, VAT and Payroll obligations you may have as these can often be complex.

Scaling your business

If you’re well informed when it comes to your business finances it’s much easier to start growing your business. We can produce insightful management reports on a monthly basis which will give you an insight into the direction your business is heading. We can map out your goals and KPI’s in order to achieve your objectives. Keeping track and reviewing your position means you can make changes in order to keep on the right path to success. 



Consistent and accurate bookkeeping is key to the success of your small business. Get in touch today to find out how we can support you.