It is easy and inexpensive to use accounting spreadsheets but are they the correct choice for small businesses?
We all know that there is a legal requirement to maintain accurate accounting records covering your business transactions. The tax man, the VAT man and a miscellany of compliance regulations means that accurate bookkeeping records are essential.
Notwithstanding the above, keeping correct information is vital if you want to run your business successfully and effectively.
But, how to do it, and which method to use, is a problem for many new and growing small businesses.
Many years ago, there was only one real choice, your bookkeeping records were kept manually with Cash Books and Ledgers to help you organise records. Even today many small businesses still use handwritten records even though they can take up a significant amount of your business time and it is very easy to make errors.
One of today's alternative to handwritten ledgers are, Accounting or Bookkeeping Spreadsheets.
You can easily set up your bookkeeping spreadsheet to record and analyse your business transactions, you arrange your data in columns and rows, and, using the spreadsheet functionality, all of your totals will simultaneously calculated.
However, this method is no better than handwritten records, it is still prone to errors which may go unnoticed, and if no reconciliation procedures are carried out, then your data will be inaccurate and misleading.
Word Processing
- Type & Format Documents
- Create Merge Letters
General Administrative Assistance
- Manage Phone Calls
- Manage E-Mails
Bookkeeping Services
- Sales Invoicing
- Accounting Reconciliation