You don't necessarily want to talk to others about the figures as the numbers can be confidential and sensitive, and you may feel like you are on your own and you don't understand what the numbers are telling you about your business.
"It's something you generally just need to get on with alone!"
Some accountants will offer a service where they provide management reports based on the bookkeeping figures, but what if you don't have that kind of relationship with your accountant, or you just don't know whom you can trust?
Understanding your numbers as you go through the financial year can be the difference between success and failure. If you've had a great year and you have spare cash there are tax advantages to making big capital purchases before your financial year-end.
But if you don't know your numbers, how can you judge? Many businesses survive on gut instinct and looking at their bank balance, but cashflow doesn't always give you the full story.
Splitting your sales and purchases out into a wider variety of codes, so you know which are the profitable areas and which are costing you time and effort without earning you money, can help you know which areas of your business you should grow and which you should drop. Looking at how you record your sales and purchases can help you get a grip on those figures.
"Do you feel alone doing your bookkeeping?"
Maybe you have an out of the ordinary situation that you need help with, then you can use my bookkeeping handholding service to talk through your needs and requirements and we can look through your figures together, or help you improve your bookkeeping so your numbers give you the right information you need to run your business.
Until next time ...
Would you like to know more?
If anything I've written in this blog post resonates with you and you'd like to discover more about my Bookkeeping Handholding Service, then get in touch? Do give me a call on 01604 420057 and let's see how I can help you.
Alison loves bookkeeping and supporting bookkeepers. She has been helping clients to be better bookkeepers in Sage 50 for over 24 years and has been Xero Accredited in accounts and payroll for a number of years too.
She specialises in a very unique hand-holding method of training, helping bookkeepers and business owners to use their accounts software as and when they need support in setting up and producing their invoices, reports and financial information.
Alison combines her role at Silicon Bullet with her Forever Living network marketing businesses and is often to be seen at business networking meetings as she likes to keep busy.
You know what they say: if you want something done well ask a busy person!
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