Skip to main content

Bookkeeping for Startups


“We’re starting a new business! We’ve got a great idea which we’re sure is going to make a lot of money, and we haven’t really thought of anywhere to operate from, but that’s not really that important! Our book keeping is solid!” How many times have you heard this? We imagine this is not a statement that most accountants in North Wales or beyond hear very often at all.

If anything, it is quite the opposite.

In today’s business culture, start-up businesses, microbusinesses and small businesses, are on the rise and rise and generally considered, quite here to stay. While indeed partially brought into the mainstream by the recession of 2008 (and a side effect of many people losing work for larger businesses and reacting to it by bouncing back and starting up for themselves) these businesses have been on the rise and have emerged from the lengthy shadow cast by the global economic crisis, but with small businesses comes a unique set of challenges. The first, of course, is not paying adequate attention to book keeping or accounts.

One of the most common mistakes made by small businesses is the fact that putting off something, especially when you work for yourself, is absolutely fatal when it comes to accounts. Book keeping must be addressed on an ongoing basis, as the work piles up and up and doesn’t cease.

A surprising thing about fledgling businesses is the fact that DIY book keepers really use quite an old and outdated method of the trade. Believe it or not, a calculator will get you absolutely nowhere with your book keeping, and specific systems aren’t really there for the purpose of decoration.

They are there to help, and indeed they do help. Significantly. A good accountant in North Wales will have a plethora of programs and tools to make light work of any accounting puzzle, saving you hours and hours of crunching numbers.

Comments

Popular posts from this blog

Gwynt y Mor New Build Apartments in Rhos On Sea - One Remaining!

We are delighted to announce that there are still some fantastic new build apartments for sale in Rhos on Sea left! Newcomer home builder Brenig Homes debuted into the North Wales luxury housing market with the fantastic Gwynt y Mor apartments for sale in Rhos on Sea, and despite them being very popular, there is still one or two left. For a newcomer like Brenig Homes to make such an impact on the luxury developments side of property in North Wales, it is a fantastic thing. The area has quite a few well-known property developers about and around, and we’re really enjoying seeing North Wales reimagined by fresh eyes, and fresh minds. Gwynt y Mor is something very special, as well. We have a feeling that Brenig Homes knew that they would have to debut with a bang – and these beautiful apartments in Rhos on Sea are very desirable, every inch as impressive as the pre-existing luxury properties on the Rhos on Sea Seafront, but much newer. The new build apartments for sale at Gwynt y Mor...

Get to grips with GDPR

Swayne Johnson Solicitors in North Wales can help you and your business get to grips with the oncoming GDPR legislation. Swayne Johnson’s data protection specialist solicitors are holding an array of completely free workshops in the North Wales area. It is the intention of these workshops to provide free advice which will enable business owners and key employees to face the oncoming European directive without feeling like you want to bury your head in the sand at the thought of it. Very many businesses across North Wales and beyond feel intimidated by the oncoming GDPR regulations, and it’s never been more important for business owners, managers and HR to learn what exactly is required from businesses, and what isn’t required. We notice that there are two ways of which businesses are looking at GDPR- either to ignore it altogether or make adjustments here, there and everywhere in a blind (and completely unhelpful) panic. Swayne Johnson Solicitors’ GDPR Free Workshops can allow you t...

Solicitors With A Heart

2017 is in full swing, and we’re rapidly approaching the first working Monday of the new year. Many of us might not see this day as any different from the others we have gone through in 2017, but it’s significant for one very saddening reason. Dubbed “Divorce Day”, the first working Monday of every January has shown a disturbing trend with divorce applications spiking year after year. There are a number of solicitors in North Wales that will likely get very busy around Divorce Day and your experience may vary. Reputable firms such as Swayne Johnson Solicitors North Wales treat the matter in a very sensitive fashion, with every solicitor within their Family Department being members of Resolution, and also Resolution Accredited Specialist Solicitors. In addition, every solicitor within their Family Department are experienced enough to provide a quality service which will preserve dignity, and encourage agreement. Costs of course, are worrying f...