How bookkeeping can help your growing business?

Five reasons why growing businesses need a professional bookkeeper

As a business owner, isn't it exciting to see your company making more sales and generating more profit? You'll have more transactions and potentially cross the VAT threshold as your business continues to grow. At this stage, it becomes more challenging to manage your business finances, keep track of your cash flow, prepare payrolls, and handle your tax affairs yourself.

That's when you need to get a qualified and experienced bookkeeper to help you.

The good news is that Lukro Ltd offers bookkeeping services that will scale alongside your business. You'll get all the additional support your company needs to continue growing.

Continue reading this post to find out how our bookkeeping services have helped businesses like yours.

Benefits of bookkeeping for growing businesses:


  • Managing your business cash flow

    You might find it more difficult to keep up with your increasing number of bank transactions whilst monitoring your cash flow as your business grows. You'll need someone by your side to get the task off your to-do list and save you lots of time. Your bookkeeper will communicate regularly, ask you to send important documents promptly, and help you stay on top of your bookkeeping. You'll enjoy reduced overhead costs and renewed focus on areas that bring the most profit. What's more, you'll know the exact amount you are spending and generating weekly, monthly and yearly.

  • Evaluate the efficiency of your business

    As your business grows, the need to start looking beyond your company's top-line revenue becomes more important. You'll get help to dive into your books, identify problems areas and look for ways to optimize your business. This way, you can take advantage of opportunities you never knew existed in your business environment.

  • Keep your books up to date with our professional bookkeeping services

    As a growing business, you can't afford to have your books behind. We help you to ensure all your books are up to date. With our bookkeeping services, you have a clear picture of how your businesses are doing at every point in time.

  • Bookkeeping helps you minimize the tax burden and stay compliant

    If you're so busy that you forget to pay your tax bills, you can expose your business to huge fines and penalties. At Lukro Ltd, we save our customers from the stress and headache of handling their tax matters. You'll get reminders and help to ensure your tax bills are paid promptly. When you have issues like penalties or a wrong tax calculation by HRMC, you'll get help to appeal or liaise with HMRC on tax matters. Furthermore, you'll get help and advice to ensure that you are not overpaying your taxes by constantly looking for areas to reduce your tax burden legitimately.

  • Bookkeeping makes it easier to measure profitability and other KPIs

    You don't want to be that business owner who draws a blank when other people talk about their business KPIs. You'll get the advice you need so you know how each aspect of your business is performing. With our help, you'll know the exact amount you are spending on rent, labour, and more. You'll also know how much sales, income, and profit your business is making and how you can improve these figures.

How bookkeeping can help your growing business?

Your bookkeeping needs increase as your business grows, and it becomes more important to stay on top of your financial records, cash flow, and taxes.

Now is the time to invest wisely in a bookkeeper who can grow with you. At Lukro, our bookkeeping fees are matched to your transaction levels; you'll pay competitive fees when you start off, and pay more only when your needs increase. Maybe you're increasing your number of transactions, or adding employees to the payroll? Maybe you cross the threshold for VAT and need us to submit a return for you? We can add these services on as you grow, so you never pay more than you need to for your bookkeeping services.

Are you looking for professional bookkeeping services for your growing company? Please, get in touch with us now. We'll be happy to customize our services to your business needs. Additionally, our team can scale up with your business to provide any additional support you may need.

Written on 19-02-2022

Agnieszka from Lukro Ltd

This article was written by Agnieszka - a professional bookkeeper with several years of experience in the financial service industry. Agnieszka works with Lukro Ltd, the accounting and bookkeeping company provides professional and friendly bookkeeping and business support services to individuals, sole-traders, partnerships, and small businesses. We help welders, plumbers, engineers, electricians, hairstylists, beauty therapists and many more.

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