Accurate and consistent bookkeeping is important if you want to stand the best chance of securing financial support for your business. Banks and other lenders are unlikely to offer loans and finance if the books aren't in order and there is a lack of transparency. Both of these will set off warning signs and can leave your enterprise in a precarious position, potentially limiting access to capital and restricting growth for the future.
Whatever the size of your business, whether it is an SME or a larger company, it is crucial that you get the books in order. As part of this you need to keep evidence of all incomes and expenses, including receipts to support them. Your records should be clear and easy to make sense of, both for your own benefit and for that of lenders and tax authorities too.
Working with an experienced bookkeeper offers many benefits to SMEs, potentially saving them a great deal of time and expense. If you choose a provider that uses modern electronic systems you can also save on the amount of space you need to give over to paper records. Accounting software typically makes information more easily accessible too, so you won't need to waste time searching for specific details.
You should ensure your bookkeeping is in order at the same time you take care of your other important accounting services. By keeping both aspects under the care of a single accounting company you can save time and money, as well as building a much stronger relationship with the provider. It also means you only need to search for a trustworthy professional once.
At Worthing Bookkeeping we provide a full range of accounting services in Worthing and surrounding areas for local businesses. It is our main aim to provide the support that companies need to strive towards their goals, however ambitious they may be. We will help you to get your books in order, ensure they are properly organised and completely transparent. Alongside this we will help you with tax returns and annual accounts submissions too.