BillGO’s Post

Whether it’s running after my kids in the park or chasing sunsets on a beautiful evening, some chases are worth it. But chasing late payments isn’t one of them. Late payments can seriously impact your cash flow and create unnecessary stress. As a business owner, you shouldn’t have to spend your valuable time chasing down overdue invoices. At Len Valley Bookkeeping, our bookkeeping services include efficient invoicing and follow-up processes, ensuring you get paid on time and can focus on what you do best. Need some help managing your accounts receivable (that’s the posh term for getting paid!)? Drop us a message to see how we can help.

As bookkeepers, we see these three small mistakes come up regularly. They may seem small, but they can have a big impact on the accuracy of your accounts. 1. Bank reconciliations We often come across business owners who have never compared the bank balance in their accounting software with their bank statements. While it may seem insignificant, failing to do so can result in transactions getting missed or overlooked. 2. Purchases on personal bank accounts It is advisable to refrain from using your personal card for business transactions. This practice can lead to missing out on reclaimable VAT and hinder your ability to understand your expenses effectively. 3. Debtor Management We understand that following up with people who owe you money can be challenging. However, did you realise that many businesses have thousands of pounds in overdue invoices owed to them? Can you afford to overlook what you're owed? We help our clients to maintain accurate financial records so that they can gain an in-depth understanding of their business operations and ultimately, enhance their profitability. If you'd like support to understand your businesses finances, get in touch!

Make sure you get paid! We talked about ending 2023 with all your accounts receivable closed. Now that it's a new year, it's a great time to put some procedures in place so you don't have to hunt down your hard-earned money. Here is a great article I found with tips to ensure you get paid on time. No more hassling and nagging your clients. What do you do to make sure your invoices are paid on time?

Are you seeking to Clean up, categorize, and reconcile your escrow and operating bank accounts according to property classifications? Your search ends here. I am dedicated to assuming your property and real estate bookkeeping responsibilities. With a background in working under a reputable bookkeeping firm, I have consistently delivered exceptional outcomes for clients across the USA, UK, Canada, and Australia. What can you expect from me? ✅ Establish Company and Chart of Accounts in QuickBooks Online, Xero, and Wave. ✅ Resolve unmatched Bills, Invoices, and duplicate transactions. ✅ Reconcile Escrow and Operating bank accounts. ✅ Categorize income and expenses by property. ✅ Reconcile Property and Mortgage Loans. ✅ Reconcile Fix & Flip property ✅ PayPal, Stripe, Credit Card, and Bank reconciliations. ✅ Generate monthly owner statements per property. ✅ Produce customized reports weekly, monthly, and annually https://shorturl.at/vJ8zM https://shorturl.at/36Hil #construction #constructionbusiness #usconstitution #ukconstruction #propertybusiness #propertymanagement #propertyinvestment #propertyinvestor #propertyuk #smallbusinessowner #smallbusinessowners #smallbusinessaccounting #bookkeeping #bookkeeper #xeroaccounting #quickbooksonline #wave #quickbooks #quickbooksonline #quickbooksproadvisor #xero #xerocertified #ukaccountant #ukbusiness #ukaccounting #ukproperty #ukproperty #cloudaccounting #cloudbookkeeping

📢 Do you use invoice finance to boost your cash flow and grow your business? 📢 If so, when was the last time you checked if you are getting the best deal and service from your invoice finance provider? Invoice finance is a financing solution that allows you to access funds tied up in your unpaid invoices, without waiting for your customers to pay. You can use the money to cover your expenses, invest in new opportunities, or expand your operations. However, not all invoice finance providers are the same. They may charge different fees, offer different terms, provide different levels of flexibility, and have different customer service standards. That's why it's important to review your invoice finance arrangement regularly and make sure it still suits your needs and goals. That's where we can help. As brokers, we at InvestGrow Financial Services can offer you an invoice finance health check. This is a comprehensive and confidential review of your current invoice finance agreement and how it compares to other options in the market. We will assess: - How much you are paying in fees and charges - How much funding you are getting and how quickly - How flexible and responsive your invoice finance provider is - How satisfied you are with the customer service and support - How well your invoice finance provider understands your industry and business Based on our findings, we will provide you with recommendations and suggestions on how to improve your invoice finance situation. We will also help you find and switch to a better invoice finance provider if you wish. If you are interested in getting an invoice finance health check, please contact us today 0121 260 5024. We would love to hear from you and help you find the best solution for your cash flow needs.

Spring is in the air! Have you ever considered that your books might benefit from decluttering and a bit of reorganization and review? Here are four tips for spring cleaning your bookkeeping: 1. Review and reconcile your accounts. Review bank, credit card, and other financial statements to ensure they match your records. 2. “Deep clean” your accounts receivable to review all outstanding invoices. Connect with your clients/customers to make sure you get that payment. 3. Review your vendor and customer information and make any necessary updates for accuracy. 4. Keep all your receipts and invoices in one place, and consider using a digital system to store them for easy access. Do you need to clean up your finances? Don’t be embarrassed, and don’t worry about getting it done! By choosing to work with me, you can ensure that your finances are organized, accurate, and up to date. Let's chat!

Undeposited Funds Best Practices for QuickBooks: The Undeposited Funds account holds invoice payments and sales receipts you want to combine. It’s like the lockbox (or drawer) you keep payments in before taking them to the bank. When you have your deposit slip, make a bank deposit in QuickBooks to combine payments in Undeposited Funds to match. This two-step process ensures QuickBooks always matches your bank records. It also makes your reconciliations much easier. #landscaping #accountant #lawncare #landscapingdesign #lawncarelife #lawncareserivce #landscapinglife

Fellow numbers people: What's your #1 bookkeeping tip? I'll go first. Reconcile all of your accounts every month. This includes bank accounts, credit cards and other processors like Paypal and Stripe. For more complex small businesses, it's important to reconcile other balance sheet accounts like prepaid and accrued expenses and payroll liabilities. It's a simple and straightforward way to stay on top of your bookkeeping and not allow errors to hide in your books. If you could give a tip to business owners about their bookkeeping, what would it be?

Helpful look at the processes you can use to prepare for and address unpaid invoices.

Whether it’s running after my son in the park or chasing sunsets on a beautiful evening, some chases are worth it. But chasing late payments isn’t one of them. Late payments can seriously impact your cash flow and create unnecessary stress. As a business owner, you shouldn’t have to spend your valuable time chasing down overdue invoices. At LG Virtual Services, our bookkeeping services include efficient invoicing and follow-up processes, ensuring you get paid on time and can focus on what you do best. Comment "INVOICE" to find out how we can help streamline your invoicing and improve your cash flow. https://bit.ly/LG_booking