What We Wish Every Small Business Knew About Bookkeeping

Running a small business means wearing a lot of hats. You're the creator, the customer service team, the marketer — and somewhere in there, you're expected to keep your finances in order too. Bookkeeping is one of those things that often gets pushed to the bottom of the list — until it causes stress, late nights, or even fines. If I could share just a few truths that I wish every small business owner knew, it would be these:

So many people think of bookkeeping as a once-a-year panic in March. But good bookkeeping isn't just about tax returns — it helps you see how your business is doing in real time. Are you making a profit? Are you charging enough? Are you spending more than you realise? Up-to-date records help you make smarter decisions.

It might seem like you're saving money by doing your own books — but how much time are you spending? What else could you be doing with those hours? And are you confident that it's accurate? I work with lots of business owners who feel relieved the moment they hand it over — because they can focus on what they're great at, while I handle what I'm great at.

Cloud-based software like Xero is brilliant — but only if it's tailored to your business and you know how to use it. I often help clients fix messy setups, which ends up costing more than getting it done right the first time. A clean system saves you hours later on.

You didn't start your business to become a part-time accountant. And that's okay! The financial side of business can be confusing, especially with VAT, payroll, or reporting. That's why it helps to have someone in your corner — someone who feels like part of your team, not just a distant service provider.

Bookkeeping isn't just admin — it's the foundation of your business decisions. If it's not your zone of genius, don't struggle through it. Let someone take it off your plate so you can get back to what you love.