Get over your fear of doing your accounts

Many entrepreneurs have no idea how their businesses are doing financially. It is just not a priority to sit down at the end of the month and go through bank statements or reconcile transactions on bookkeeping software. This can compound over time and make the end of year accounts seems like a mountainous task. They need not be, here’s how to make your accounts life easier…..

  • Start Early. Start a spreadsheet or download your bank statements monthly. Even this tiny act will reduce your accounts anxiety…
  • Don’t be afraid to ask for help. That’s what we are here for, just ask…
  • Get easy to use accounting software, or a spreadsheet that has accurate formulas…
  • Do it early in the day. We put off the things we don’t want to do so if you do a little bit of accounts work early in the day you will feel better about tackling anything…and it will be out of the way!…
  • Create a work environment that you love. Especially if you are working from home, make yourself an office if you can, or make your work corner yours. Make it somewhere you enjoy being…
  • Set Goals. Every morning, while you are having your coffee, take out a pen and write down one goal you want to achieve for the day in the following areas; Work, Money and Family…
  • Set up a Reward System. It could be something as simple as allowing yourself an extra coffee after you have finished the task you find the hardest or most boring. Your rewards don’t have to be fancy (unless you want them to be)…
  • Be accountable. Writing your goals down will make you accountable to you, that works for me but some people need an external source of accountability. Maybe you want to use a friend who knows about accounts, or you could use someone like us who can offer you monthly, quarterly or 6 monthly management accounts check ins and advice.