A week in the life of a Books and Business Bookkeeper

6 October 2022

Although we say we aren’t just bookkeepers we thought we would show you how by giving a rundown of a typical week in the life of a Books and Business bookkeeper.

Tuesday

Travelled into London for a meeting with a client at their offices to discuss the way forward for their business. This included how using Books and Business as their bookkeepers could develop and grow the business further by providing them with assistance in the areas they are spending unnecessary time, allowing them to focus on more crucial areas of the business.

Wednesday

QuickBooks training with a client. The client happily deals with their own bookkeeping but was having problems matching up payments from their banking review screen to the outstanding invoices and credit notes on their system. We helped clear the problematic areas and then chatted through the importance of payroll journals being entered into the bookkeeping system, if your payroll is run in a separate software or even by an outsourced payroll bureau. Books and Business will be going back for further training while the client practices in between.

Friday

QuickBooks training with the same client as above, revisiting the information given at the previous session. After realising how time consuming bookkeeping can be the client also passed over the reconciliation of 5 credit card accounts covering a large period as unfortunately the client had entered dates incorrectly, had possible duplications and just couldn’t work it all out. The client believed it would be less stressful and time consuming if they handed the job over to Books and Business to get it all sorted and brought back up to date. Once we had worked our magic the client could take it back over fresh and tidy.

We are not like all bookkeepers, we are happy if you do your own bookkeeping but perhaps from time to time you need the odd bit of assistance here and there. We like to save our clients time so they can focus on the more important aspects of their business.

If you would like Books and Business to provide you and your business with any assistance, please get in touch – we look forward to helping you grow your business further.

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Homebuyers in Stamp Duty Sprint Before April Hike

by PH186232 • 20 February 2025

With the 1st April deadline looming, its reported that 550,000 homebuyers are racing to complete purchases before stamp duty jumps back to its 2022 levels. We have read that sales awaiting completion are up 25% from last year, with an average five-month wait putting pressure on buyers to beat the deadline. Currently, first-time buyers pay no stamp duty on homes up to £425,000 when purchasing a property worth up to £625,000, but from 1 st April, that drops to £300,000. The upper limit will also fall from £625,000 to £500,000. It's not just the first-time buyers taking a hit, currently stamp duty is only owed on amounts over £250,000, however from 1 st April, only the first £125,000 will be exempt. Despite the cost increase, it looks like most buyers are still pressing ahead, with some even renegotiating offers to offset the hike. According to our research, regardless of the impending cost increases, property experts such as Rightmove are predicting the demand to stay strong; especially if interest rates continue to fall. With mortgage rates already dipping below 4%, we believe buyers remain hopeful for a more affordable market ahead.