Simon Murrison "The Demise of Carrier Bags in the Digital World" Learn how to love your bookkeeping Find out how to organise your numbers stuff more efficiently Get introduced to Martini invoicing – anytime, anyplace, anywhere Learn the difference between value added and non-value added activities

1. The Business
Journey
June 12 2018

2. Social Media
Follow: @TheBusJourney
Hashtag: #SMEJourney

3. Business Journey Partner
Simon Murrison
@simonmurrison

4. Time to ditch
the carrier bag
…

5. For those that
don’t know
who we are
…. trying hard
to ditch the
suits also ..

6. First audience
participation
of the
morning –
who has
more hair on
their head ..

7. The answer ..
What was the
point of the
photo?

8. 2nd audience
participation
of the
morning –
who hates
going to see
their
Accountant?

9. Change is
coming … (or is
it here already)
MakingTax Digital …VAT registered
April 2019 … for the rest of us – always
changing.
… if mandatory registered must use
software rather than HMRC portal
But why let change in compliance force
us to change …

10. It is already
here …
What if the information I was receiving
from my bookkeeping system was in real
time …
… would my decisions be better
… would I need to pay my Accountant just
to process papers I can’t be bothered
dealing with …..

11. Discussion
time …
How would a modern bookkeeping
system help to modernise my business?

12. Feedback …
Assist in investment
Assist in cashflow planning
Predict tax bills
Plan for retirement
Spend more time on the business rather
than in the business.

13. Products in the
market place
…
Kashflow
Xero
SAGE Online
Quickbooks
Freeagent

14. One stage
further …
shred the
purchase
invoice
Receipt Bank
Snap – shoebox clients

15. Obvious
benefits …
Internet based – raise invoices from your
sunbed on the beach.
Speed up cashflow – auto chasers
Bank feeds – auto populate transactions
Repeat / recurring transactions

16. Hidden
benefits …
API – integration … Paypal / shopify etc
Year end accounts production
(compliance) should be much quicker
Reduce your Accountancy fees – or
change the use of them .. Strategic
investment …. Strategic pricing

17. Strategic
Investment
rather than
Compliance
cost …
Simple CSV output …
Understanding real / current numbers –
not 9 months late tax numbers
Insight .. API integration – budget /
planning tool

18. Forecast: Year to 31st Jan 2019
Cashflow Forecast (Summary)
Feb 18 Mar 18 Apr 18 May 18 Jun 18 Jul 18 Aug 18 Sep 18 Oct 18 Nov 18 Dec 18 Jan 19 Total
Opening Cash Balance 12,186 4,904 58,581 59,027 44,973 53,790 57,927 50,487 51,053 56,716 55,929 75,683 12,186
Money In
Due From Customers 87,489 87,489
Sales 16,373 20,498 17,473 35,149 23,861 20,998 20,261 25,448 27,670 40,953 33,308 281,991
Total Money In 103,862 20,498 17,473 35,149 23,861 20,998 20,261 25,448 27,670 40,953 33,308 369,480
Money Out
Due To Suppliers 30,576 30,576
Operating Costs 12,328 12,770 24,047 18,850 12,242 20,957 12,213 12,303 20,977 13,717 13,384 173,787
Interest 506 506 506 506 506 506 506 506 506 506 506 506 6,076
Dividends 6,775 6,775 6,775 6,975 6,975 6,975 6,975 6,975 6,975 6,975 6,975 6,975 83,100
Total Money Out 7,281 50,186 20,051 31,528 26,331 19,723 28,438 19,695 19,784 28,458 21,198 20,865 293,539
Closing Cash Balance 4,904 58,581 59,027 44,973 53,790 57,927 50,487 51,053 56,716 55,929 75,683 88,126 88,126
Cashflow
predictions 7
months
ahead

19. Client Log-in
Area
Openspace / GDPR / Openpayslips

20. Get inTouch
If you would like to chat about your
business or your personal finances
Call: 0141 290 0262
Email: simon@muwca.co.uk
Visit: www.muwca.co.uk for more info
about our services

21. GetSocial
At Murrison &Wilson we
embrace new mobile
technology and social
media.
Find out our latest news and
views, watch our videos or
choose to keep in touch in a
way that suits you best.

22. Questions for Simon

23. Dates for the diary
11 September
27 November