We work with professionals who have left employment to set up a business, who are worried about what financial records they need to keep, and terrified because they hear that most businesses fail within the first 3 years. We help them get control of their financial records and create a system that is designed for their business to succeed and is profitable, so they can relax and enjoy growing their business.
If you are a sole trader or in the first few years of being a limited company, you may be still trying to manage your bookkeeping manually, or by using spreadsheets to record bills and payments, and producing invoices on “word”.
There is a better way, which will free up your time to get on with the core business, while allowing you to get in control of your accounts.
In fact by using online software, you can harness the power of integrated cloud systems that will help you create a seemless, paperless system – snapping receipts on your phone for example, before you have a chance of losing them.
Professional looking invoices and statements can be created in seconds, and customers can pay by card or direct debit to reduce cash flow issues. You will be aware of which customer invoices have been paid, and which customers are overdue, before you undertake any further work for them.
Perhaps you have heard of “Making Tax Digital”? The government will be requiring all companies to move over to online accounting systems, under the implementation of “Making Tax Digital”, and although the introduction dates have been delayed, it is something that all businesses should be ready for in advance of the deadlines.
Orchard Accounting Solutions can get you set up properly on QuickBooks, tailoring the system to reflect your business, and provide training geared at your level of expertise, enabling you to become a confident user, who understands how your business is performing, and use the information to make sound business decisions.