How bookkeeping can help you make better business decisions

In this article, we discuss;

How bookkeeping can help you make better business decisions
Estelle website

Estelle Hardwick

Share this article

In this article:

Picture of About Estelle Hardwick

About Estelle Hardwick

Estelle is the Director of AMR, overseeing the Tonbridge, Tunbridge Wells and Chatham branches. She makes sure that AMR provides exceptional support to each and every client.

Read More

If you’re a regular reader of our blogs, you’ll know that good bookkeeping is the firm foundation which underpins any successful business. Organising and maintaining your financial records is crucial to the smooth running of any company, but it’s also an important part of helping business owners make decisions which will have a favourable impact on future expansion and success.

Collecting receipts, keeping track of invoices, rigorously enforced petty cash rules, a constant eye on cash flow and conscientious data entry will keep things on track and should mean worrying situations don’t crop up when they’re least expected. If you’re on top of all of these, then you have at your fingertips the key information about the financial health of your business that you need to plan for.

Perhaps you are considering investing in an expensive new piece of machinery which will double the output of your factory. You may be a successful sole trader thinking about taking on an employee to help shoulder the workload. Or you might be wondering if now is the right time to expand and move to larger premises – should you consider a business loan to facilitate this? All these are important commitments which can’t be undertaken without a clear overview of exactly how your business is performing.

With all the crucial details to hand, you can review your profit margin and take an informed decision as to whether it will support the project you have in mind.

A keen eye on your bookkeeping can also help you analyse trends and influences in your industry sector which can affect budgeting decisions. For example, if your business makes artisan ice cream for supply to local beachside cafes then you are inevitably going to see seasonal peaks and troughs. It’s much simpler to manage these and factor them into an annual overview if your data is reliable and well-organised.

Another advantage of keeping on top of bookkeeping is the up-to-date information it can instantly give to anyone with an external interest in your business. If someone is considering investing, they will want to know your exact financial situation. The same applies to regulatory bodies, government agencies, and of course HMRC, which will require regular and accurate tax information and imposes penalties for non-compliance.

There’s no doubt that a well-run business which takes sensible commercial decisions is usually backed up by conscientious bookkeeping. It needn’t be a hassle – bookkeeping software is readily available which provides integrated accounting, payroll and payment systems, and can deliver an instant cash flow summary directly to a mobile phone or laptop.

At AMR Bookkeeping Solutions, our expert and friendly team can give you all the assistance you need to balance the books. Contact us on 01892 559480 or check out our website to find out how paying attention to your bookkeeping can pay real dividends for your business’s future growth.

More articles you might like

Why choose AMR Bookkeeping Solutions?


We combine the highest level of professionalism with a friendly, clear approach for all of our clients.


Our approach is tailored to the needs of each individual client, and we build personal relationships to make sure that our clients can have complete trust in what we do.

AAT Qualified

All of our services are provided by our team of Association of Accounting Technicians (AAT) qualified bookkeepers, highly experienced bookkeeping experts and certified accountants.

CPD Trained

Each member of the team undergoes Continuing Professional Development (CPD) which keeps them right up to date with changing tax legislation.

Accredited Experts

All our bookkeepers are accredited in leading accountancy software Sage, Xero and QuickBooks.

AAT logo
Xero Gold Partner
Sage logo
Intuit Quickbooks ProAdvisor Gold
Freeagent logo

Get in touch for a free, no obligation consultation

Find out how AMR Bookkeeping Solutions can provide the right support for your business, send us your details and one of our experts will get in touch with you without delay.

Alternatively, you are welcome to contact us by phone on 01892 559480

You can also pop into our offices in Tonbridge.