Excel Bookkeeping
Whether you’re a small business or a start-up, you’ll be looking to save on costs. You need to get the bookkeeping done to run a business effectively, but you cannot afford to hire an employee, I am here to help take the strain of the bookkeeping away – Leaving you to concentrate on running your business.
Bookkeeping and accountancy are often confused. In fact, bookkeeping is a small but vital part of the overall accounting function. Bookkeeping is the process of recording financial information, while accounting is the process of using such data to establish the business’s financial position and make decisions about how the finances are managed.
In short =
Bookkeeping = The recording and reporting of financial information.
Accounting = Analysing the financial information and creating a financial strategy.
Bookkeeping tracks payments in and out of the business using three financial records:
CASHBOOK – This records your cashflow (everything moving in and out of your business account).
SALES INVOICES – This records what you’ve sold, including both paid and unpaid invoices.
PURCHASE INVOICES – This records what you’ve bought (including services) and how you’ve paid for each purchase.
These are usually the minimum records (Books) you will keep.
Bookkeeping vs Accounting.
Bookkeeping is a transactional and administrative role that handles the day-to-day tasks of recording financial transactions, including purchases, receipts, sales and payments.
Accounting is more subjective, providing business owners with financial insights, based on information taken from their bookkeeping data.
I cover all the Romney Marsh and surrounding areas.
I already have an Accountant, why do I need a bookkeeper?
I’m not here to replace your Accountant, your accountant can continue their tasks, while I perform the bookkeeping services.
If you don’t already have an Accountant, I work closely with Acuity Professional of Bexhill, who would be able to cover the things I don’t – Payroll, CIS and Limited Company Statutory Accounts.
Whether you need me to work in your office or mine – I don’t mind.
Are my records secure?
Your data is extremely secure, I always back up and keep safe, so it is always protected.
