Business finance support

Virtual assistant financial services to keep your business on track

Business finance support that keeps you on track

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.”

Start with some good advice

The best way to make sure your finances are under control is to enlist some business finance support. 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.

Prioritise your tasks

It may be that you need to decide which of your financial management tasks you need to outsource 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 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, so you can be confident your accounts are always up to date.

Does the financial side of your business keep you awake at night? For many small business owners, it’s the thing that causes the most anxiety – and the thing they are most unsure about getting help with; often because they don’t really know what they need. But we know from experience that as soon as a business owner knows they have the right kind of support, they’re able to concentrate on making the business a success.

To find out more about how we can help, contact us today.