To be honest, 2020 has been a bit of a mess, not least for businesses. As we start flying towards Christmas, the words ‘treat-yo-self’ feel extremely pertinent. Yes, you deserve to treat yourself and your business this Christmas. And we think the best Christmas present you can give your business is to clean up your books!
OK, so I understand the words ‘clean up your finances’ doesn’t exactly float the boat of many, but it’s been hard to keep track of all the changes to business this year. So it’s not surprising when businesses feel like they’ve lost control of their finances and need a little cleanup.
This is where people like me come in. Being a number’s nerd, the thought of cleaning up my client’s books and finances sends me to a happy place. We are currently working with clients to put their finances into working order so they can start 2021 feeling organised and leave behind 2020.
If your business needs a financial Christmas present this year, here’s how you can get started…
- Process in place
Develop simple and easy financial processes that truly work for your business to make managing your money and assets easier. From paying bills to getting paid a good simple process will save your business both time and money. Review what is working and what isn’t or develop new processes from scratch. If you don’t know where to start, give us a call, we can help set up processes and find efficiency.
- Up-to-date accounts
Cleaning up your accounts always seems like a burden. We let our receipts, reconciliation and general accounting pile up which makes it feel like a bigger taks when we finally get around to it. Bookkeepers are your Christmas angel where this is concerned. We take on the burden and clean up your accounts so that you can focus on your clients. You don’t need to spend your precious time on creating the order – we do that for you, and trust me, it’s a joy!
3. Current position and future plan
This one is especially important with the tumultuous year we’ve had. Do you know where your business is financially and what you can afford to do and not do? Your bookkeeper and accountant should be working with you to set goals, budgets and reporting, so you know what monies are coming and going. This helps you to plan the future of your business, using the hard stuff (numbers, of course) so you can make the right decisions.
If this year has been good for anything, it’s taught us that being able to adapt in uncertain times, to have a backup, and refocus when customers’ needs change, are vital for business survival. When do you reinvest, when do you save? Its your bookkeeper’s job to help you plan financially to see you through the best and the worst – so give them a call this Christmas.
Better still, let us be your Christmas present this year. Imagine starting the new year knowing exactly where your business stands financially. It is a Christmas miracle we are more than happy to perform!