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You Don't Know What You Don't Know

Do you know that you don't know?

 
 


You don't know what you don't know! How many times have I heard my business mentor say this to her other clients? I think I've lost count, but it's quite a big number. And yes, she used to say that to me at the start too ...

There's lots of things you don't know, so maybe we can help you find out!

There's lots of things you don't know, so maybe we can help you find out!

copyright: flynt / 123rf stock photo (licensee)

As many readers will know, we like to work closely with business mentors as we often know what those clients don't know. How? Because we employ the latest accounting software to connect the business owners with their finances.

"Don't be blind to your finances!"

Yes, there is such a plethora of other things seeking your attention when you run a business, but it's dangerous to be blind to your finances. You don't need to rush off to an evening class to learn about double-entry bookkeeping, instead you just need to enrol our help.

So what do we recommend:

  1. The adoption of a cloud-based bookkeeping package, such as Xero

  2. Ensure the bank is feeding directly into the bookkeeping package

  3. Bolt on some useful apps such as Workflowmax, ReceiptBank and Essendon Projections

  4. Monitoring your results against key performance indicators

  5. Use Essendon to administer all the above

  6. Have regular advisory meetings

So instead of swatting up on double entry bookkeeping get out outside and enjoy the summer. Not only will a safe dose of vitamin D do wonders for your health, you will be able to relax more because you know your finances are being monitored.

"So if you don't know what you don't know, do you know that you don't know?"

Call us on 0333 335 0453 or click here to send over an email enquiry and let's see how we can help you find out.

Until next time ...

ROGER EDDOWES
Business Godparent


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More about Roger Eddowes ...

Roger trained at Edward Thomas Peirson & Sons in Market Harborough before working at Hartwell & Co, followed by Chancery, as a partner. He started Essendon Accounts and Tax with Helen Beaumont in 2014 as a general practitioner with a hands-on approach.

Roger loves ‘getting his hands dirty’, working with emerging, small-to-medium and family businesses to ensure they receive the best possible accountancy advice. Roger utilises an extensive network of business contacts to leverage the best guidance and practical solutions.


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