Have you had a week or month, maybe longer, where you felt like you didn’t have a grasp on your expenses? Perhaps you’ve had an experience where you got to the end of the month and expected to have more in the bank than you had?
When you don’t have a firm grasp on your business expenses, it can often feel like money is mysteriously vanishing without an explanation. Then you go looking through your records and work out that you don’t have enough to pay yourself, or worse… your staff.
There are some ways to improve this: You can scan or photograph all of your receipts, create an expense-tracking spreadsheet, use software to categorise and track expenses, review your business expenses on a regular basis, and establish a business-only bank account amongst other ideas.
Like all good things, doing this right can take time when you’re trying to do it alongside everything else you already do in the business. Handing the task of getting a clear picture of all the business expenses is better when it’s done by professionals like us. Give us the stuff you can’t, won’t, or hate doing and we’ll give you back your time and a better outcome.
Should you have any questions about bookkeeping or ways we can support your business, our team is here to assist you, give us a call on 1800 668 225 or reply to this email by clicking here to ask us any questions.
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