Keep it simple!

Dec 21, 2014

Croombs Chartered Accountants in Hampshire

I deal with many different clients every day ranging from new business start-ups with very little turnover right up to established businesses.  One of the things that differentiates the very best of these from similar businesses in their industries is the quality of their accounting records.  If a business has good systems then they will be able to respond very quickly to changes in their industry or the economy as they will have instant access to their finances.

Whatever size your business is it is vital to make sure your accounts processes are as easy to follow as possible.  This is not only for you as a business owner but also for your staff if you have any, your Accountant and also HM Revenue & Customs if you are subject to a tax investigation.

I always stress the importance of good record keeping with clients.  This does not have to be complex, far from it in fact!  The very best systems are simple to use and are easily scaleable should the business grow quickly.  The key thing about having a simple process is that you will be able to see how well your business is performing on a regular basis.  Another added bonus is that you should be able to keep your fees down with your Accountant as they will have less work to do at the year end.

Just remember to K.I.S.S. (KEEP IT SIMPLE STUPID!) as this will help everyone!

If you would like to see how we could help you organise your accounting system, sort out your tax returns or help you understand your business accounts, please feel free to contact us.  All initial meetings are free of charge and of course at no obligation to you.

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