LJM Bookkeeping Ltd - Offering an ACE service
How can I benefit from outsourcing my bookkeeping?
It’s very common when starting a business to monitor your books yourself. However, it will soon become apparent that it’s very time consuming as your business gets busier and you have to concentrate on the tasks that bring the money in and your bookkeeping will soon get pushed to one side. The problem with this is, that the less your transactions are monitored and kept a close eye on the more difficult it is to reconcile them.
When completing your tax return you need to ensure that you have evidence to support all outgoing expenses and all the income you have received. Leaving this until the last minute will mean that you miss out on vital expenses.
So why outsource your bookkeeping?
Time Saving
As we touched upon earlier, the longer you leave your bookkeeping the harder it will be to keep a track of all of your transactions which means this becomes very time consuming for you. A bookkeeper is an expert in their field and they have processes and procedures in place in order to make the bookkeeping as efficient and streamlined as possible. At LJM Bookkeeping we use Dext to monitor all expenses so that no receipts or invoices are ever lost. We also use Xero, a cloud accounting system which links to your bank accounts so transactions can easily be reconciled and monitored. Leaving the bookkeeping to us would mean that you have valuable time to concentrate on bringing in more sales and looking after your clients to make sure your customer service doesn’t slip.
Cash Flow
Your cash flow will be closely monitored by your bookkeeper to ensure that you’re heading in the right direction. Your bookkeeper can chase invoices which are overdue and set up time saving email templates to automatically remind your clients that they haven’t paid their bills. Not all bookkeepers offer this service, but LJM Bookkeeping does and we act like your very own accounts department. We can send purchase orders, quotes, invoices, credit notes and statements. We can take the admin away from you so that you can use your expertise in other areas of your business.
Save you money
Yes that’s right, we can help to save your business money! We know how every penny matters in business and we can support you to make sure that you aren’t over spending in all areas of your business. LJM Bookkeeping will audit your transactions to ensure that you are not over paying for subscriptions or paying for things which you aren’t getting the value from. We have lots of contacts so we know the areas where we can help you to save money.
Reporting
On a monthly basis we can produce reports for you which will give you an insight into your financial status. These reports will help you to make important business decisions. What’s more is that due to our cloud accounting systems you can check your financial position in real time so that you can make decisions involving money sensibly and promptly. Having these reports readily available will mean that you can produce them when seeking finance or investments.
Goal setting
Using our monthly reports we can discuss your business goals and help you to put steps in place in order to achieve them. It’s important that you plan ahead in business especially if you want your business to grow.
Accuracy, Continuity and Efficiency is the service we offer to our clients. We have in place an accounting eco system which will grow with your business. If you’re interested in outsourcing your bookkeeping, then please get in touch for a no obligation chat.
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Contact Us
office@ljmbookkeeping.co.uk
01733 602492
LJM Bookkeeping Ltd - Company number: 13698252
Registered Address: Suite 330, 4 Blenheim Court, Peppercorn Close, Peterborough, PE1 2DU
