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The Importance of Decent Bookkeeping

By June 3, 2016January 16th, 2017Blogs

Although it can often be difficult to keep track of all spends and losses with your accounts, it is very important that you follow good practice with your books. Here at Coleman and Co we take bookkeeping very seriously and provide all of our clients with efficient and reliable bookkeeping services.

We believe that bookkeeping is one of the most essential tasks undertaken by a business. If you do not follow proper bookkeeping practices you and your business could quite easily crash with no given warning. If you are a small business you could do the management of books yourself but if you are not sure of the correct methods to follow then you will need assistance from the professionals.

Bookkeeping as a whole is the recording of all financial transactions that a business carries out. This includes purchases, sales, earnings, receipts and payments so that any money in or out of your business is accounted for. Seem over the top? To some it does, but to those that use our bookkeeping services this preciseness and attention to detail means that they are still successfully in business knowing their accounts are in good order.

With bookkeeping you can view the accounts of your business easily and can assess a number of points. These include:

  • Knowing if your earnings will cover your outgoings in the future
  • Knowing if you need to increase sales or decrease outgoings
  • Peace of mind knowing your accounts and finances are in order and following regulations set out by the HMRC

With extra clarity and perspective, you can view your accounts as they are and confidently make financial decisions now and in the future. The team here at Coleman and Co keep bookkeeping strictly confidential and store all business files securely on our database.

For more information regarding our bookkeeping service here at Coleman and Co get in touch by calling us on 028 9266 3599 or visiting our bookkeeping dedicated page.

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