Do you struggle with bookkeeping for your business? Businesses that don’t succeed often cite that some of their reasons for failure were down to bookkeeping issues: not chasing invoices, invoicing late and not planning cash flow. No matter how good you are at the rest of your business, be it sales, service, design or delivery – if you are not paying enough attention to the finances, then disaster could be lurking ‘round the corner.
The Institute of Certified Bookkeepers [ICB Global] is collaborating with government, industry bodies and small businesses to launch the first National Bookkeeping Week, this 4th – 8th November 2013.The goal is to improve the knowledge and perception of basic bookkeeping principles such as cash flow in start-ups, small and micro businesses in the UK.
Business leaders encourage SMEs to take a good look at the systems they have in place – the more organised you are from the start, the easier it is to stay on top of the finance strain. Ensuring you have a bookkeeper whom you can trust is essential for many businesses. Not only will they help you put processes in place, but they can guide you with taxation issues as well as provide advice on where you can cut costs.
Garry Carter, CEO of ICB Global and the driver behind National Bookkeeping Week, said: “Good bookkeeping is just common sense. Far too many businesses have great ideas and great people, but get swept up in the enthusiasm of their business idea and forget to look after the finances."
TheBestof Wrexham’s member McLintocks Accountants will be blogging during National Bookkeeping Week. Watch out for some ideas from Tim on how you can get smart with your finances. http://www.mclintocks.co.uk/
For more information on National Bookkeeping Week, click here: http://bit.ly/16mt0Z9
