Is a bookkeeper for small businesses only?

Whether you’re a sole trader, small business or a large business owner, having monthly support with your financial recording, processing, and tracking is invaluable. When you already have so much to do, knowing that the business’ finances are taken care of is a huge relief. But could your bookkeeper help to support you in other ways?

Does a bookkeeper have a different function as a business grows?

The most noticeable difference between a bookkeeper working with a sole trader, and one who works as part of a larger team for a larger business, is the scale and volume of transactions or tasks being performed each month. A smaller-sized business has fewer monthly transactions, and they are much less complicated. A larger company, however, needs more time to process day-to-day tasks, update records, handle payments, manage suppliers, and keep on top of customer accounts.

These are tasks below the pay grade and outside the skill set of an accountant but are too complex or specific for leadership to complete. It would be reasonable to assume that as the business grows, so should the number of individuals supporting the finance function.

What are the main benefits of using a bookkeeper for small businesses?

As we’ve mentioned previously, a bookkeeper is adept at keeping things “ticking over”. What are the top 3 reasons for having a bookkeeper in a business of any size?

  • Reducing costs: a good bookkeeper will find deduction opportunities that you didn’t even know existed. We leave no stone unturned – fighting for minimal deductions that could result in substantial savings.
  • We speak accountant: we liaise directly with your accountant to make sure that cashflow, admin, expenses, and future planning are all taken care of.
  • Budget support: to avoid overspending in your business, a bookkeeper can help you to create a realistic personal or expenses budget, reflecting your current and projected income.
  • Simplify payroll: a professional bookkeeper will make it easy to get the right salary. We will also supervise paid leave and audit payroll.

More than bookkeepers…

With so much professional experience to offer, Timewise VA is more than just bookkeeping. We also work as virtual assistants to many of our clients, helping with recruitment, sales appointments and diary management, to name a few. We offer bespoke solutions in addition to our main services, so why not get in touch to find out how we can be of service to you. Add us to the team and become more time-wise in 2025.


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