After you meet a potential client for lunch, what do you do? Most of us likely forget about it, get back to the office and hurry to our desks.
If you’re a smart bookkeeper, you’ll ask for an official copy of the receipt from lunch and then deduct it from your taxes. Moves like that can save you thousands when it comes time to pay taxes, but it requires good bookkeeping for small businesses in order to catch those money-saving moments.
Solid bookkeeping for small businesses also helps you get a loan when it comes time to ask for a loan from the bank. All banks need financial statements that break down your expenses and revenue, but you’ll need solid bookkeeping to get it.
Want to catch invoice mistakes, make sure you cancel any sneaky subscription fees, and track your expenses? Friend, your small business needs help from a bookkeeping business.
Basic bookkeeping for your small business starts with a breakdown of what expenses count as personal and what classifies as a work expense. That simple separation makes sure the government has a clear idea of what you earn, spend, and your net profit to keep your work clicking along.
All transactions fall into the categories of credits and debits. A bookkeeping business makes sure your credits and debits balance, essentially double-checking your numbers as you buy and earn.
Bookkeeping services include regular services, like the following:
Bookkeeping for small businesses in the UK can scale to fit your exact needs. You may need seasonal help, one-time help, or regular check-ins from a service to make sure your records are nice and neat.
Small businesses in the UK need to keep up with their bookkeeping to make sure no one overpays at tax time, can ask for and get the proper deductions, and that all expenses are properly labelled.
For example, a floral shop can have a small staff of four people, but a wild list of expenses and partners in order to keep up with orders and a living stock of products. You might list your business software in the same category as green foam or baby’s breath, but a bookkeeper sees those as wildly different.
By keeping a track record of all your expenses, separating them into clear categories and helping you find ways to list your costs perfectly, your bookkeeping service can keep your doors open. Payroll can also fall into their purview to make sure your checks get added to your expenses and the government knows exactly what your workers earn.
Tired yet? That’s why you need to consider a bookkeeping service for your UK business – that exhaustion can transform into stress-free days.
A quick breakdown of our basic services to get you started:
If you don’t see the Bookkeeping Service you need or if you have questions about what we can do for your business, please contact us today.
Let Us Help
Are you ready to hand us your books so we can break them down for you? Click to schedule a consultation and find out more about how much our service can help you with bookkeeping right away!
At STA, our attention to detail combined with our knowledge and our care for your business to ensure your bookkeeping is done accurately every time. Our work directly reflects your company’s requirements to help speed along your business decisions.
We report and present the information you need right on time, keep the workings of your taxes transparent and help you get every deduction and return you’re due. We approach your bookkeeping proactively, catching issues before they become problems.
We want you to focus on the day to day workings of your company and never have to worry about your finances. That’s why we take on any work necessary to keep your accounts in great shape.
Bookkeeping service for small businesses start from £20/hour
Every business is different. Please contact us so we can find the best way to serve you and keep your books in good shape.
Unless you have experience in bookkeeping and a certification, a bookkeeping service or bookkeeper on staff is a smart move for your company.
Let us help! We can give you a consultation, seasonal help, or ongoing bookkeeping for your company so you can focus on what you do best – running your organization.
It's time to get smart about your taxes and financial goals. Book a free 30-minute consultation with us today to solve all your questions.
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