Why is bookkeeping important?

How much money are you owed by customers at this moment? How much more do you invoice in the summer compared to the winter? What is your biggest cost each year?

bookkeeping and business development services

These questions are answered by having your books up to date and then also being able to use the figures to give you answers. Most businesses record their transactions in software now, but you need to know how to set the software up and how to use the reports. Putting the numbers in can sometimes feel like that they are lost from view when you press save…This is because entering figures is only one part of the job.

The right reports will answer the questions you have about how best to manage your own business. In most software packages, you tailor reports to tell you what you want. Do you want to look at months or quarters? Do you want to look at all the figures or just the key ones? The reports need to be set up to answer your needs.

Leaving the books to be reviewed once a year by the accountant also has the added nightmare of having to answer questions about something that happened over a year ago when the accountant asks. If the books are updated each week or month, you are never having to look back and try and remember what you were doing with the business at the time you paid for something.

BW Bookkeeping and Project Solutions Ltd.

6 Keats Court,
Eaton Ford,
St Neots,
PE19 7LX

07825 152951


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Company Number 13495928
VAT No. 450467105
Registered in England and Wales - Registered Office: Staple House 5, Eleanors Cross, Dunstable, Bedfordshire, England, LU6 1SU

We recommend Dunstable accountancy practice
Spicer and Co

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Quickbooks Advanced Certified Pro Adviser - Gold


Excellent bookkeeping service and knowledge of the work. We recommend this firm if you are looking for a bookkeeper,
Phil Bass, Dunstable

We have been a client of BW Bookkeeping since 2017 and rely on them for a range of services. They helped us change from a sole trader to a limited company and handle all our banking and VAT.
Mason Grab Hire Ltd, Aston Clinton

I have never used a bookkeeper before so I was a bit apprehensive. Working with BW has been the best decision we have made recently. I knew we needed help with behind the scenes work and this has been a real relief.
Sam B, Cheshunt

Quickbooks Advanced Certified Pro Adviser