In today's fast-paced business landscape, staying competitive demands more than just traditional bookkeeping practices. Embracing technology is essential, and Xero has paved the way for businesses to streamline their financial operations.  Xero's functionality can be supercharged with the help of add-ons.  In this article, we'll delve into the benefits of Xero add-ons and how BookCheck can empower your business to implement them seamlessly. READ MORE

Many business owners simply see their accountant as a cost and someone to whom they send a bag of paperwork at the end of their financial year – some even refer to them as the “necessary evil”! Whilst this may suit some business owners, those with growth ambitions should consider their accountant as an investment. One that, like any other, needs attention in order to maximise a return. READ MORE

BookCheck appoints new Managing Director BookCheck the Stroud based outsourced Bookkeeping with Management Information and Payroll specialist has announced the appointment of James Wetherall ACA, as their new Managing Director. James will work alongside the founding Managing Director, Anthony Pilkington who will become Executive Chairman of the fast-growing business. READ MORE

The secret weapon helping businesses run better: BookCheck expert insight With the help of bookkeeping and accounting experts BookCheck, SoGlos reveals the simple tool that could make all the difference to your business profitability. Getting up-to-date management accounts to help businesses make decisions isn’t reserved just for big companies – small businesses can access this valuable information with the help of  bookkeepers, BookCheck. READ MORE

If you want a more efficient business with lower overheads and clearer management information, the answer is Xero BookCheck helps customers grow through clever bookkeeping and management reporting – and its expertise at moving customers to the next generation of accounting software is proving to be transformational for the businesses it works with. READ MORE

The COVID pandemic has had a dramatic affect on many aspects of our daily lives. For businesses though some aspects of these changes are likely to have a lasting impact and may even become a new type of business as usual. In this blog we look at the arguments for why COVID has made the arguments in favour of outsourcing bookkeeping even stronger than pre-COVID. READ MORE

What Good MI looks like In short, it's quality information that allows you to make informed management decisions to improve the profitability and value of your business. Good implies that it meets your individual requirements, it’s sufficiently detailed but not too much and that you fully understand it – you own it. But it needs to be prompt – another ingredient of Good. It needs to tick all these boxes to be successful.  READ MORE

Well not really, as no company would get very far if it didn’t report PAYE, VAT or year end accounts. But what about where it’s not compulsory, such as management accounts? Judging by the absence of such from most businesses it looks like they don’t matter. This is a pity because if you can measure it you can improve it, assuming you want to? READ MORE

For an organisation that combines outsourced bookkeeping with management accounts, you would expect us to be “fans” of what good quality MI or what we would call management accounts, can do for a business.    We have heard MI compared with the devices connected to a modern car being serviced – the type which gives the mechanic an immediate picture of a raft of key statistics. READ MORE

The last six months have strongly underlined the everlasting creed that ensuring your business is sufficiently funded is still your most important objective, bar none. It’s always been the case, now some businesses will have to fight this one more strongly than ever but the same principles apply. READ MORE

Our target client has a turnover from £500k up to £5M although we have some well above that. I suppose it’s no surprise that we attract prospects who invariable are not receiving prompt and quality management accounts or MI. Although, naturally, we see a biased sample, it never ceases to amaze us how much they are missing by not having quality numbers at their fingertips. READ MORE

Cash is always King, especially now! As book-keepers we never cease to be amazed at how lax businesses can be in collecting what's due to them. In our widespread experience this is very common, if not normal. As we emerge from lockdown there has never been a more important time to be right on top of sales receipts. READ MORE

Online working or Onsite? Our work of book-keeping with management accounts plus a payroll bureau was about 85% online before Covid-19, now of course it’s 100%.  READ MORE

Now we’ve had our 25th birthday I think I can afford to comment on our relationship with firms of accountants which we are not even though our Team includes eight qualified accountants. We’re purely what it says on the tin - bookkeeping with management accounts + a payroll bureau. All our clients have their own external accountant with whom we liaise at the year end. We also win new client referrals from some firms. We can see a great range in their attitude to ‘wanting’ to handle bookkeeping - this varies from absolutely no wish whatsoever though to being keen to provide. READ MORE

In our 25 years of experience we often take on clients with issues, often unknown, surrounding their management accounts. If you’re serious about improving you profitability then naturally you’ll ensure that you receive promptly, every month, the key information, both financial and non financial, that you need to run your business effectively and efficiently. READ MORE

In this the final of a three part blog we look at Marketing for Profit using Management Accounts, how Management Accounts are produced and what to do with Management Accounts outside of the business. READ MORE

Management Accounts – Part two in a series of three blogs. In this the second of three blogs we look at who uses Management Accounts, what are the reasons for producing Management Accounts? Who uses management accounts? • owners/managers • investors • banks/lenders • factoring/invoice discounting • accountants • tax planners Why produce them? READ MORE

What are they, why do so few businesses have any and what most businesses do? READ MORE

All companies need to file statutory accounts every year but it’s an open question as to how much value if any this information provides to the business. The issues include: READ MORE

More than 25 years ago I attended a retirement party for the FD of a major company in London. Well into the evening this guy had a piece of advice for me. He said “Remember that the main thing is that the main thing is the main thing”. We’d both had a good few glasses and it wasn’t until the next day that finally I got my brain round this. When I subsequently started BookCheck in 1994 the first accounting system that we dealt with was Sage Line 50. Being the market leader for serious businesses most of our clients in the early years used Sage. READ MORE