We see a lot of cases where small companies are using their directors to deal with the bookkeeping.
What is becoming more apparent is that this is not where your time is best spent. Generally a director of a small/medium enterprise has a specialism in the trade of that business. Is your time best spent putting invoices into a spreadsheet or accounting programme? I suspect not. Much more important is to drive your business forward.
If you are growing your business it is really important to maintain proper accounting records as per your duties outlined in the Companies Act 2006. A bookkeeper will help you do that as well as ensure that the accounting records are in the best possible shape, not only to aid the end of year accounts but also to provide you with up to date management information.
Please consider using a professional bookkeeper, even if only for a few hours a week, to relieve that pressure and aid the quality of information available to you.
Places to look for bookkeepers:
www.bookkeepers.org.uk - Institute of Certified Bookkeepers
www.iab.org.uk - International association of bookkeepers
What is becoming more apparent is that this is not where your time is best spent. Generally a director of a small/medium enterprise has a specialism in the trade of that business. Is your time best spent putting invoices into a spreadsheet or accounting programme? I suspect not. Much more important is to drive your business forward.
If you are growing your business it is really important to maintain proper accounting records as per your duties outlined in the Companies Act 2006. A bookkeeper will help you do that as well as ensure that the accounting records are in the best possible shape, not only to aid the end of year accounts but also to provide you with up to date management information.
Please consider using a professional bookkeeper, even if only for a few hours a week, to relieve that pressure and aid the quality of information available to you.
Places to look for bookkeepers:
www.bookkeepers.org.uk - Institute of Certified Bookkeepers
www.iab.org.uk - International association of bookkeepers