Getting caught up with the accounts

Once we get into the summer season, there’s really no chance of us keeping up with anything that isn’t essential to the day to day running of the place and one of those “non-essential” things is keeping the accounts up to date.

It’s not that we’ve no idea what money is coming in and going out as we go along, just that the formal accounts don’t get kept up to date over the summer period. This year is particularly bad as there was a lot of additional work needing doing with our UK side of the business and so it’s really only now that we’re getting settled down to get the finances up to date.

Naturally, that long period since the relevant transactions makes life more difficult as it’s that much easier to lose the odd document along the way of course and getting the whole lot into a sensible sequence takes a whole lot longer than it would do if we were keeping up to date as we went along.

Having said that, overall it seems to take us a lot less time to do when we do the whole lot in bulk. This morning we went through the majority of the receipts over a couple of hours for instance whereas doing it a little bit at a time would consume a lot more time when you added it all up. In fact the biggest downside is that the whole thing feels much more like a chore when you’ve a big heap of documentations to work through than when you’ve only a couple of bills to mark off.

Fingers crossed, we’ll have tidied it all up by next week and then it’s off to the accountant with it.

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