Cash Manager Limited: 3 Great Reasons To Keep Your Bookkeeping In House

April 23, 2015

3 Great Reasons To Keep Your Bookkeeping In House

Running a small business or start up is a tall order with so many different aspects in need of your attention. So trying to be your own accountant can see like a daunting and time consuming addition to your work load. Understandably, it can seem like the easiest option to simply hire a bookkeeper and accountant to cover your finances for you. But it really doesn’t have to be such an overload if you make use of some accounts software for small business. To help you decide, we have put together a set of reasons why you should consider keeping your bookkeeping in house, so take a look and see how your business could benefit from doing so…

It Will Save You Money

Accounts software for small business is a quick and easy to use system which is more efficient than any manual paper process. This will save you time and allow you to keep things in house without letting the financial side of business take up all your time which is better spent elsewhere.

Instead of having to pay an accountant a huge portion of your hard earned cash, accounts software for small business comes at a low annual cost of around £100 per year providing great value for money. It is a cost effective way of keeping on top of your finances whilst being a far cheaper alternative to hiring a bookkeeper.

Saving money on accountancy will increase your profit margin and budget to play with which can subsequently be re-invested into growing your business with things such as extending stores or expanding your product base. Keeping your bookkeeping in house allows you to spend more money in the places you want, rather than being eaten away by administrative expenses.

You Will Have Easy and Complete Access

Accounts software for small business is an efficient way of keeping your bookkeeping in house. If you know how to enter your data in a paper cash book you will be able to operate accounting software as it is designed with the small business owner in mind, not for qualified accountants.

Utilising accounts software will keep all of your bookkeeping extremely organised. Any portion of information, small or large, concerning your company finances are accessible to you anytime and anywhere simply at the click of a button. When your bookkeeping is in house there is no need to spend time trawling through pages of figures and data or on the phone to your accountant.

Another benefit of keeping your accounting in house is that you will have a full and complete knowledge of the state of your finances. Knowing exactly where your money is and when bills are due is imperative when making any business decisions, as the slightest thing overlooked could entail more serious repercussions.

It Will Increase Your Business Productivity

Having your bookkeeping in house with accounts software for small business will help with the organisation of your company. The software will automatically generate reports of your cash flow, projections for the coming months and invoices without the worry of any human errors having occurred. Using accounting software will minimise the windows for wastage in all avenues of your business, be it time, man power and even paper as you say goodbye to endless files. Having finances and systems optimised and working efficiently will allow your focus to lean towards more productive aspects such as sales and marketing to help increase revenue.

Discover More

Want to know more about using accounts software for small business in order to keep your bookkeeping in house? Download Cash Manager’s Comprehensive Guide to Small Business Accounting Software today!

Click on the image below to download Cash Manager’s accounting software today.