Why bookkeeping is essential for your small business

Bookkeeping for small business Manchester

Why bookkeeping is essential for your small business

As a small business owner in Manchester, you might wonder whether you need a bookkeeper, an accountant or both. At Huddart Associates, we specialise in supporting owner-managed businesses and understand the vital role bookkeeping plays in your financial operations.

Bookkeepers handle the organisation, recording and reporting of daily financial transactions. Their work provides a foundation for accountants to deliver strategic insights, helping your business thrive.

The role of a bookkeeper

A bookkeeper focuses on tasks that keep your financial records accurate and up to date. These include:

  • Tracking daily transactions to ensure income and expenses are logged accurately.
  • Managing invoices by sending bills to customers and monitoring payments.
  • Handling accounts payable and receivable to stay on top of financial commitments.
  • Monitoring cash flow to help you maintain financial stability.
  • Preparing books for accountants so they can focus on strategic planning and compliance.

If you’re unsure how bookkeeping fits into your business processes, our outsourcing services can help streamline your financial operations.

Why bookkeepers and accountants work best together

While bookkeepers manage day-to-day financial tasks, accountants use this information to provide valuable insights into your business performance, tax planning, and growth strategies. At Huddart Associates, our business advisory services integrate both aspects, ensuring your business benefits from a seamless financial management approach.

Tailored support for your bookkeeping needs

Not all bookkeepers are the same. Some specialise in specific industries or software, such as cloud-based accounting platforms or POS systems. Our team of experts can advise on the best tools and processes to match your business needs, making your bookkeeping more efficient and effective.

Talk to our experts

With over 35 years of experience, Huddart Associates has been helping small businesses in Manchester and the North West succeed. Whether you need help with bookkeeping, accounts or business advisory services, our personalised approach ensures we’re always here to support you.

Find out more about our accounts services or business advisory solutions. Let’s discuss how we can help your business thrive. Call us on 0161 703 8353 or email any enquiries to hello@jeffreyahuddart.co.uk.