Maintaining good financial records is your legal responsibility as a business owner, but is also key if you want to have good grasp on the performance and position of your business.
Knowing how you are doing, what you owe and what you are owed, what cash is available and what you are spending it on are all essential for you to make informed decisions.
Bookkeeping is the process of reconciling all your bank information alongside invoices and receipts to get you to that ideal position. It will also feed into your payroll, VAT and year end accounts and tax.
We use Xero alongside ReceiptBank to make sure your financial records are kept up to date, fully compliant, and give you the information you need when you need it.