Every business, irrespective of organisational structure, has to carry out bookkeeping functions. Through the use of comprehensive bookkeeping, your business will be able to keep track of all its financial activities. With this information readily at hand, management will be able to make informed decisions regarding operations, investments and loans. It can also assist in evaluating the performance of the business at the end of each financial year. Bookkeeping makes it possible for a business to establish a relationship with external users like investors, auditors and tax authorities. Therefore, it is key that you find the best bookkeeping service for your business.
Keeping accurate financial records is easy as long as the information is recorded as soon as any financial activity is carried out. However, bookkeeping may be time-consuming. When you have a business to run, finding the time to create proper records can be difficult. If you would like to fully focus on business activities, you can decide to outsource your bookkeeping. There are many benefits of outsourcing when compared to recruiting a full-time accountant: first, the cost is reduced because you don’t have to create an office space – Nordens can work with you from anywhere. We will only come to you if you need us to. Secondly, your record keeping is handled more professionally.
As our team are highly trained, be assured that tasks such as payment of expenses, loan payments, payment for invoices, asset depreciation monitoring and preparation of periodic financial reports, among others, will be handled in the best way possible. At Nordens, we offer a comprehensive support system that deals with any complicated issues you may have. For us, our full-service includes meeting the specific accounting needs of our clients and satisfying them in practice. The special skills of our team members is what sets us apart from other accounting services – which is why we have been able to effectively manage the bookkeeping requirements of our clients alongside helping them to save money that would have been spent on hiring an accountant.
Nordens bookkeepers have have more than 100 years’ combined experience in providing bookkeeping services.
This experience means we are well placed to deal with even the most complex bookkeeping needs.
Highly Efficient Bookkeeping
Fully Qualified Bookkeepers
At Nordens, we get questions from business owners and employers everyday about Bookkeeping. So, here’s all the answers you’ll ever need:
Every business, small or large, has to keep a record of all their financial activities This is what bookkeeping is conventionally about. On a broader level, it is the systematic and professional process of recording the financial activities of a business on a day-to-day basis. In other words, in order to enable a business to run smoothly, their financial activities need to be recorded every day. It is the information contained in bookkeeping that will help management in informed decision making. Bookkeeping needs to be taken care of accurately because it forms the foundation upon which every other account is prepared.
Bookkeeping is easy but the business of noting every financial transaction could be challenging. You may even make matters worse if you don’t do it accurately. Yet, while bookkeeping is essential, whether you need a bookkeeper or not is dependent on your level of business activity. When activity is relatively small and there is not an enormous inflow and outflow of financial activities, you may consider doing it yourself. Otherwise, it is advisable to hire a bookkeeper. Doing so will help you to deal with emerging business challenges while leaving your bookkeeper to deal with sorting out bills, saving yourself more time and energy.
Outsourcing your accounts or hiring a bookkeeper depends on the enormity of your business activities. Is your business running at a pace that requires you to engage a bookkeeper almost every day? Also, how much you are willing to pay is a factor that requires consideration. Do you have the resources to hire a full-time bookkeeper? If your answer is no, we advise that you stick to outsourcing your accounts at the moment. As soon as business activities begin to boom, you can then revisit a better staffing solution.
Businesses are past the age of sticking to a local bookkeeper. Thanks to advancement in technology and the trend of internet solutions, you have the opportunity to work with the best bookkeepers from anywhere in the world. Modern bookkeepers now handle the finance of their clients using bookkeeping software. Hiring a local bookkeeper may even affect the growth of your business because they may not have the expert skills required for your industry. In the same vein, hiring a local bookkeeper may deprive you of the benefit of getting better service at a lower cost.
What a bookkeeper is paid depends on many factors. For example, the price may change depending on company size, the frequency of financial transactions, number of employees, whether you require basic bookkeeping duties or afull-service or whether they are in-office or outsourced. Speak to us today to find out just how cost-effective hiring a bookkeeper can be!
At Nordens, we're more than just accountants - we're business experts who can help you achieve your biggest goals.
Our specialist strategic division at Nordens boasts some of the leading entrepreneurial business minds in the country. We cater towards delivering consistent success stories, whilst helping businesses achieve above and beyond their initial goals.
Through highly-tailored guidance, coaching and advice, Nordens Strategic are able to define exactly how your business can reach new levels of success.
Regardless of how you define ‘success’ for your business, our strategic service is guaranteed to bring about real and lasting change. By partnering with some of the UK’s top business coaches, we’ll steer you along the path to a greater future.
Every business, no matter how big or small, needs to make the right decisions, and how to best manage your accounts can put huge question marks over your business. Accounting2You is here to take that pressure off and provide you with all the answers you need.
Our bookkeeping branch offers a fully inclusive, comprehensive service that you can trust. Since 2005, our specialist bookkeepers have been successfully managing the accounting of both individuals and small businesses.
With experts in payroll analysis, credit control and financial recording, Accounting2You will lead your business efficiently, and with real purpose, towards a prosperous future.
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In November 2002, having sold our other business interests off earlier in the year, I decided to set up Nordens Chartered Accountants. The easy part was knowing how to do it, as I had established and built a smaller practice a few years earlier. The difficult part, for me, was not following the traditional accountancy path. Having run businesses, both successfully and unsuccessfully, I wanted to help business owners resolve their short term problems and work with them to achieve their longer term goals. Business has always been my interest and I love that I can help business owners achieve what seems like the impossible every single working day.
Our limited company accountants have a range of qualifications from The Institute Of Chartered Accountants (ICAEW) to the Association of Chartered Certified Accountants (ACCA). We worry about the bye-laws, regulations and ethical guidelines of the ACCA so you don’t have to! That makes us an ACCA-accredited employer as well as a Professional Passport-accredited one!
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