Managing expenses, raising invoices and chasing payments all take time and some, like book-keeping take some specialist knowledge. The team at Oneresource provide bookkeeping and admin services in the UK to help small businesses with these tasks.
For many small businesses, financial management is the scariest set of tasks. That’s because it really matters that you get it right – not just for tax and reporting, but because a financially healthy business is more likely to succeed and grow.
Most small business owners don’t have particular financial expertise, so we often hear the phrase: “I’m really not sure where to start.”
The best way to make sure your finances are under control is to enlist a virtual accounts assistant.
For strategic and tax financial planning, this might come in the form of your accountant or a specialist adviser, but day-to-day financial management tasks can easily be outsourced to someone who has the skills and knowledge to manage them professionally.
It may be that you need to decide which of your accounts admin tasks need to be outsourced the most – or you may have enough budget to get help across the board. If it’s the former, then take the time to work out which task would be best to get help from a virtual accounts assistant with. That way, you can release your time and energy elsewhere.
Invoicing: if you don’t invoice, you don’t bring money into your business. If you find that invoicing often gets forgotten, or it piles up and then takes hours to do, it might be more efficient to get help in. Not only do you know it’s being done properly; you also know it’s being done at the right time, which helps your cash flow.
Expenses: perhaps its managing expenses that takes up all your time. Going through receipts, collating mileage and reconciling your credit card statement. Would it be easier to have someone who can do this for you?
Bookkeeping: if you’re like many small business owners, you’ll find the thought of doing your own bookkeeping a bit daunting. So maybe this is the area where you bring in experienced help, using virtual assistant services, so you can be confident your accounts are always up to date.
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