Why Great Book keeping Matters for Your Business
Accurate book keeping is the backbone of any successful business. It’s not just about keeping records; it’s about having a clear, up-to-date picture of your financial health. Good book keeping helps you:
- Make Better Decisions. Know exactly where your money is going and coming from.
- Avoid Tax Troubles. Keep perfect records for HMRC, making tax time easier and less stressful.
- Improve Cash Flow. Track who owes you money and who you need to pay, helping you manage funds effectively.
- Track Profitability. Understand which areas of your business are performing well.
- Secure Funding. Lenders and investors need to see clear, well-kept books.
For many companies, doing their own book keeping takes up valuable time and can lead to errors. This is where a reliable book keeping service truly shines.
Our Book keeping Service: The Worthwhile Difference
Worthwhile Accountancy offers a book keeping service that is hugely popular because it is a fantastic, cost-effective way for companies to secure a highly dynamic person who fits into any team and also works well independently. This saves companies the costs and hassle of employing someone directly.
Meet Nicky, our lead bookkeeper. Nicky’s approach saves businesses from typical employment costs like employers’ National Insurance contributions, pension payments, and holiday pay. She works under your company umbrella and fits in with your company’s aims and objectives exactly like an employed member of staff – but without the employment costs.
Nicky can work from your company office or remotely – whichever you prefer. Work can be completed weekly, fortnightly, or monthly, depending on your specific needs. Her adaptability means you get the precise level of support required, without the overheads of a full-time employee.
What Your Book keeping Service Includes
Keeping a precise, up-to-date record of every financial movement is fundamental for any thriving business. Without a systematic approach, tracking income, expenses, and overall financial standing can quickly become chaotic, leading to confusion, missed opportunities, and potential compliance issues. Our comprehensive book keeping service goes beyond simple data entry; it provides the granular detail needed for sharp financial oversight and smooth operation.
Our comprehensive book keeping service covers all the essential tasks to keep your financial records in excellent order:
Our goal is to give you clear, accurate financial data that empowers you to make informed business decisions, without the day-to-day administrative burden.
Get Your Books in Order
Stop spending valuable hours on bookkeeping. Let Worthwhile Accountancy give you the clear financial records and peace of mind you deserve. Our dynamic book keeping service, led by Nicky, offers a flexible and cost-effective solution tailored to your company’s exact requirements.
Contact Worthwhile Accountancy today to discuss your individual requirements and find out how we can keep your books perfectly in order.
Tailored Accounts Preparation for Your Business
“We are a company based in Manchester, and Worthwhile Accountancy has supported us since 2019 on a remote basis. This works really well as they are always quick to respond to our needs/issues and we feel they are part of “our team”. Nothing is too much trouble and they keep us well informed of government changes, payment deadlines etc etc.”
FAQs
Book keeping is the day-to-day process of recording all financial transactions (sales, purchases, payments). Accounting uses these records to prepare financial statements, analyse performance, and file tax returns. Book keeping provides the raw data that accounting uses for higher-level financial reporting and advice.
Nicky’s service is flexible. We can update your books weekly, fortnightly, or monthly, depending on your business size, transaction volume, and how frequently you need financial reports. We’ll agree on a schedule that works best for you.
While physical receipts are fine, we encourage using digital methods. You can send us scanned copies, photos from your phone, or integrate directly with cloud accounting software like Xero or QuickBooks, which often have receipt capture features. This makes the process much more efficient.
We are proficient in a range of popular accounting software, including Xero and QuickBooks. We can usually work with your existing software, or we can recommend and help you set up a new system if that’s a better fit for your business needs.
Outsourcing book keeping means you avoid the fixed costs of employment. These include salary, employer’s National Insurance contributions (around 13.8% of salary over a threshold), pension contributions, holiday pay, sick pay, recruitment costs, and the need for office space or equipment. You pay only for the service you receive.
Yes, absolutely. Our book keeping service ensures your records are accurate, organised, and ready for your annual tax return (whether it’s Self Assessment or Corporation Tax). This makes the year-end process much smoother and often leads to a quicker turnaround for your tax filings.
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“Handling your own accounts and taxation can be complex and time consuming. Lack of experience can lead to serious problems in your business, which can easily be avoided. By taking expert advice, any discrepancies are spotted early and dealt with before they become a problem.”
Nicky Nevison – Worthwhile Accountancy