Bookkeeping

If you get behind in your bookkeeping, the following problems can arise:

  • there is a chance that work will not be billed properly
  • you may be late paying your bills
  • expenses might be forgotten and not claimed for
  • debts may go uncollected
  • bills and invoices may become muddled up and you will waste time sorting it out later
  • details will be forgotten and the record will be less convincing if challenged by HM Revenue & Customs

Keeping books and records on a regular basis should not take much time or effort and is well worth doing.