Thursday, 12 June 2008

The End is Nigh!

The end of the financial year that is! aarrgghh, not again! Are you prepared? I’m not, not even close. My books are a mess, my files are lovely and neat with all my invoices and statements filed but that’s about as far as it goes! I bought MYOB months ago to update all my accounts but……
Running a business is hard and it’s made even harder if you don’t know what financial state you’re in. Trying to do everything in your business is hard and gets harder as the business grows so I recommend outsourcing things you don’t like doing or aren’t great at doing. Your accounts are important so should be a high priority, if you’re not confident doing your own books get someone else to do them. I know I’ve left it way too long and seriously need to find someone to take them over. I made a start last week and got in contact with a company who I’ve heard great things about plus they maybe able to help with a few other aspects of my business, woohoo!
I do my data entry daily (well most of the time!) and then file the orders away but I have started to slacken off with the amount of information I enter plus I started to change my system and only got part way through so that’s put me behind. With the end of the financial year getting ever closer I know I need to pull my finger out and get stuck in and knowing what work there is involved it’s never far from my thoughts! It’s like a big black cloud hanging over me, yuk! So don’t get yourselves in the same situation as me, organise yourself and your books from the very beginning - even if you start doing them yourself make sure you keep on top of things. The moment you realise you just don’t have the time or things are getting a little bit tricky seek outside help, it will be one of the best decisions you make for you and your business. I just wish I had done it earlier!!

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