As a tradesperson you are busy getting jobs fixed. Paperwork and tax is a real hassle. You need practical help with your accounting and tax for tradies, a service that Nobel Thomas specialise in.
You probably have never spoken to an accountant who understands your position where you need a absolutely simple, workable system for managing the paperwork in your business and where you have meaningful feedback on where you are financially…and in a reasonable timeframe.
Tradies have a lot to consider and here is a little “trades help” for you to think about.
To help keep costs down have stock at reasonable levels, use the inventory function in your accounting software or choose an “add-on” that syncs with your accounts to make sure downtime is lessened by having adequate stock of often used pieces yet not carrying a lot of stock which is money sitting doing nothing.
Choose some project management software to help with those larger projects to:
So in other words make sure your margins are being met, your costs are regularly being reviewed, your invoices are sent promptly and your debtors are monitored. All, or most, of this can be handled through your accounting software so set up of this software is crucial, have your accounting professional review this set up and refine to suit your business.
You already pay for the software and spend the time using it so get the best use out of it – turn your accounts from a chore to a valuable business tool.