It can be hard to find an accounting firm you can rely on. However, clients consider ours one of the finest when it comes to bookkeeping London has. No matter how complex our clients’ needs are, we always find the right way to serve them. As an FFA qualified establishment, you’ll have peace of mind when working with us.
For owners of small companies, bookkeeping is a necessity that they must face. The wearisome task usually takes up hours of someone’s time. This reason alone is why countless business owners neglect to update their finances each month. As a result it can lead to all kinds of issues.
As soul-destroying as it might seem, bookkeeping is one of your most valuable assets. Without it, you can’t expand and oversee your operations properly. People make many mistakes with it too. Without regular checks they may go unnoticed.
Reconcile your accounts
Failing to reconcile bank accounts is a common error. Business owners should have two separate accounts; one for company use and another for their personal life. If they don’t, then things can get complicated. During an audit they might have to supply full records of pursuits related to the business. To avoid this everyone should see to it that they correctly reconcile bank statements monthly.
No backups
Not having any backups is another typical mistake. Today’s world is one that heavily depends on technology. Complications can appear at any time. Something could happen to data when you least expect it. Therefore, it is wise to take precautions. Every company, regardless of size, must back everything up to prevent losses.
At Brian G Lonis & Co, the fees for our work are some of the most competitive in the country, starting from £100. The low prices mean our services are available to all kinds of businesses, from the smallest sole traders to multinational companies. Being no frills accountants, the only things we give to clients are results and value for money. Consequently, we are one of the top teams for bookkeeping London has.
If our services have caught your attention and you want more details, please contact us.