Ok, so you see this title of this article and it might make you wonder with mathematical skills like this, why would you hire me to help you in your business?

But hold steady and I’ll tell you why…..

According some statistics I recently read, there were 5.5 million private sector businesses in the UK at the start of 2016, which was an increase of 97,000 since 2015 and 2.0 million more than in 2000. Small and Medium size businesses (SME’s) account for over 99% of of all private sector businesses.

So there are millions of businesses out there. Each business requiring different skill sets, from the people who run them, to make them successful. But, a significant proportion of these people will see bookkeeping as a burden and simply another thing on the ‘to do list’. Many leaving it to the last minute and never understanding what good bookkeeping can tell you about the health of your business.

So why is this important – well put simply, it’s important because 80-90% of small businesses fail because of bad cash flow.

That’s why a good bookkeeper should be viewed as an asset to your business, not just an unnecessary cost. They can help you monitor your cashflow, helping you understand who pays when, who pays late (the most common cashflow issue) and why – are you invoicing correctly, on time and with all the information the client needs in order to pay (ie bank details).

They can also do cashflow forecasting, to see when in the future you may have surplus or deficit of cash in your business that needs addressing.

A good bookkeeper is there to support you and your business by removing the stress bookkeeping can put you under. Helping you understand what your finances are telling you and freeing up your time, so you can focus on what you do best, managing and growing your business.

So that’s why 1+1 can equal more than 2.