I need help with my accounts!
As a creative agency owner, you will have quickly realised that you need help with your bookkeeping. You don’t have the knowledge to do this yourself and your staff aren’t accountants—they are creative people and struggle with anything finance-based. You need help from your accountants to manage your finances for you and get everything in place so you can concentrate on running your business.
Keep good quality records
Keeping good quality records and financial information is critical for any business, but especially for creative agencies. Because without proper records, it’s easy to lose track of expenses and miss important tax deadlines. This information will also give you a clear picture of your financial situation, which is essential for making informed business decisions and know how much you need to be saving for your tax when it is due.
Before we go further there are a few simple things that you can do to help make things easier for your business.
- Keep all your receipts and invoices in one place. This will make it easier to track expenses and prepare for tax time.
- Set up a simple accounting system. There are many software programs available such as Quickbooks and Xero that can make bookkeeping easy and painless.
- Stay organised. Accounts can quickly become overwhelming if you let them get out of control. Dedicate some time each week to keeping on top of your finances or have one of your team members do this on daily basis.
By following these tips, you’ll be well on your way to getting your accounts in order
Help my books are in a mess?!
Accounts and bookkeeping are quite technical, there are a lot of things that you need to know to make sure that you get everything right. You need to know what you can claim and how to record the transactions in your accounts. Get anything wrong and you could face an HMRC enquiry.
If you have a creative agency, likely, you don't have a finance-trained member of staff on your team. This can often lead to your books being a mess.
When your books are in a mess it's hard to see where your money is going, what bills you need to pay, and what money you are owed from your customers. Keeping your books up to date is obviously important to running a successful creative agency.
If you get this part of your business wrong it is unlikely that you will ever be able to move forward and grow your business. .
We’ll help you tidy up your accounting records and get them in order
If you're running a creative agency, it's important to keep your accounts in order. One of the first things we do when we onboard your agency as a client is to review the transactions already in your software.
We check that they are being recorded properly and that the software is set up correctly and that you can use it. We can also review the software that you are using and make sure that it is suitable for your agency and suggest any other apps that you may want to use alongside your software to make keeping your records easier.
Once this is done we’ll arrange a meeting with you to discuss the changes we’ve made and what impact they will have on your accounts and taxes. if you or your staff need any training in the software we can help you and give you the training you need to use the software properly.
Our goal is to make sure you understand the changes and feel confident about your using your software going forward.
We’ll design an accounting system to keep them better
We’ll work with you to create a system that meets your needs and helps you keep track of your finances. This may include training for you or your staff, so you can maintain the system going forward.
We'll help you get the right system in place and choose the best software for our agency. This will include online bookkeeping software like Xero or Quickbooks and expense management software like Dext or Hubdoc.
We'll then help you get your bank accounts connected so we can access your bank transactions and work on your accounts in real-time leaving you to get on with running your business.
We’ll also provide ongoing support, so you can call us anytime you have a question or encounter a problem.
Our goal is to make sure your books are in order and compliant with HMRC requirements. We want to help you avoid any potential problems and give you peace of mind when it comes to your accounts.
We’ll keep your books up to date
The ideal service that we offer for a creative agency is to be your virtual finance team. We can manage your finances on a daily, weekly, or monthly basis. This includes reconciling your transactions and making sure that you have the information you need when you need it.
We want to help you avoid any surprises when it comes to your accounts. That's why we'll provide you with regular updates and reports, so you can see how your business is doing.
We'll also work with you to prepare for tax time. This includes making sure that all your expenses are accounted for and that you're claiming everything you're entitled to.
If you're looking for someone to manage your accounts, please don't hesitate to contact us. We'd be more than happy to discuss our services and how we can help you.