Hands up, who has all the receipts stashed in a shoebox under the bed?
Go on, put that hand up. I know you’re fibbing, because every quarter my team and I can’t move for the shoeboxes crowding the office. And they’re not from a late-night online-shopping spree.
If you use the “shoebox” method of bookkeeping, or your accounts are a mess of different spreadsheets and documents, then you need a cleanup, stat. Here’s our four-step foolproof plan for tidying up your bookkeeping:
1. Get serious about your bookkeeping mess
Are you completely all over the place when it comes to your accounts? Too many business owners stick their heads in the sand, hoping like hell the problem will just go away.
Here’s a hint: it doesn’t go away.
The worst thing you can do if you know you’ve been messing up your bookkeeping is to leave it another day before doing something about it. Every day otherwise healthy businesses go bust because they haven’t kept accurate books.
It’s time to stop living in a dream world and get real about the mess you’ve made of the books.
2. Hire a bookkeeping professional (we’re available)
If your books are a mess, it’s time to stop believing you can handle your bookkeeping yourself. Certainly, some business owners do just fine, but the fact that you’re woefully behind and you’re feeling stressed and concerned demonstrates that you’re not one of them.
The team at Make Change can help you get started with a professional bookkeeping package that won’t cost the earth.
3. Follow the instructions of your professional
Now that you’ve hired your awesome bookkeeping whiz, you need to actually listen to their advice. If they tell you that you need to be in the cloud, it’s time to embrace the cloud and all the benefits Xero has to offer.
If they tell you that you’ll need to re-file for the previous year, then that’s what you do.
If they tell you that black jellybeans are of the Devil, then there better not be any black jellybeans in the lolly jar next time they visit. #justahint
Now that the taxman is appeased and you’re getting regular monthly updates on your cashflow, you’ll be able to use these insights to help you grow your business.
With a professional bookkeeping team behind you, keeping tidy books shouldn’t be a big deal. You’ll meet your tax obligations, understand your cashflow, and reduce your stress all at once.
At Make Change, our philosophy is “humans where you need them. Software for everything else.” We’ll give you a monthly update on the facts and show you what to do to improve your financial health. We give you step-by-step answers to your financial questions, and we provide you with that year-round visibility that’s so key to entrepreneurial success. Go on, book a meeting to talk to the team at Make Change about your business needs.