What is Bookkeeping?

Every business has a mandatory requirement to record financial data to remain compliant. The bookkeeping process involves recording / maintaining records, including purchase, sales, income and payment transactions.

Bookkeeping requires both time and expertise, as a business owner there are many benefits of outsourcing this function - Fairmile can help you in the following areas:

Saving Time and Effort

Bookkeeping can be time consuming and requires expertise. Its beneficial to the growth of your business to outsource to experts, enabling you to focus energy on growing your business.

If you are not an expert, bookkeeping will take longer and there are a myriad of ways it can go wrong - Business owners are in danger of making mistakes when attempting to navigate this complex area themselves, resulting in unnecessary stress, penalties and potentially overlooking tax savings.

Outsourcing your bookkeeping to Fairmile ensures these onerous tasks are completed by experts, allowing you to focus on what you’re good at...
Saving Money

By outsourcing your bookkeeping to Fairmile, you only pay for what you need—nothing more. Our expertise will also enable you to make further savings:

  • Avoiding HMRC Penalties - We’ll ensure you remain compliant avoiding costly (and stressful) HMRC penalties.
  • Eliminating Late Fees by Paying Bills Promptly - We’ll help you get your bills in order, so that they get paid on time.
  • Decreasing Your Accounts Receivable Turnover - Getting your books in pristine shape means you’ll be able to invoice more effectively and quickly.
  • Objective Advice - We’ll act as financial watchdog for your business, spotting cost saving opportunities / financial trends that require attention, ensuring you maximise profitability
Gaining Expertise

Outsourcing your bookkeeping to Farmile ensures you’re in the hands of well qualified, highly skilled staff. Your accounts will be completed using professional software and will be subject to multiple checks and balances to ensure accuracy. Our professional approach will ensure crucial insight into your businesses financial situation providing guidance where you need it. Access these benefits by contacting Fairmile today.