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.
