How easy do you find keeping on top of your accounts as a wedding supplier? Is the end of the tax year a stressful time for you?
It isn't always straightforward running your own wedding business, not only are you looking after your clients but you seemingly need to be an expert on running a business too.
Our top tip for wedding suppliers is to log all your income and expenditure as you go, rather than leaving it until the end of the tax year. Chipping away at your accounts will make it seem a much less daunting task.
Whether you record all your transactions on a spreadsheet, account system or an integrated tool such as Event-Plan, it's important to make sure you know what all the transactions are. This will also help you keep track of which clients have paid and identify any monies still owed.
Account systems and platforms like Event-Plan often allow you to invoice your clients, making the process of getting your money that little bit easier. And it helps you keep track of what's been paid to work out the remaining balance due.
What tips have you learnt over the years to help you keep on top of your accounts?
No comments added, add yours below...
