- Do you know how much income you earned last month?
- Do you know how much your outgoings are each month? - What direct debits come out of your bank account? - Do you know how much you spend purchasing stock to sell or materials to make your items? - Do you know what your best selling item is?
- Does this best selling item do better or worse at certain times during the year? - Do you know how much tax you will have to pay when you complete your tax return? Knowing the answers to questions like these will help you keep a better financial grip on your business and can help you make decisions such as - - Can I afford to outsource work or take on staff? - Are there any direct debits that I can cancel? Do I really need them all? - Am I paying too much for my stock? Is it time to shop around and look for a cheaper provider? - I really need a loan to buy a delivery van, can I afford the repayments? Having your accounts prepared on a monthly or quarterly basis will ensure that you stay in control of your business finances. You will know exactly what is coming in and what is going out, enabling you to make the best financial decisions for your business.
Don't be in the dark when it comes to your business finances.
Call Click Bookkeeping for a free consultation. We are only a click away.