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Welcome to the Bespoke Bookkeeping blog!

Updated: Sep 14, 2022

Blogging about Bookkeeping in an ever changing world...


For my first ever Bespoke post, I'm going to dive into what I love most about bookkeeping; STORYTELLING!

BOOKKEEPING GIVES US LOTS (AND LOTS) OF INFORMATION...

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The 'Books' are facts, figures, data and information, and Bookkeeping is the activity of collecting, organising, classifying and maintaining financial information.


Cloud (and computerised) accounting

means we can conduct bookkeeping activities much more efficiently and effectively,

leaving bookkeepers more time to look for meaning in the information.

WHAT ARE WE LOOKING FOR?

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Quantities Qualities Insights

Trends Timelines Potential

Patterns Context Changes

Causes Dimensions Statistics

Behaviours Relationships Symbols Detail Complications Conflict

WHAT DOES IT ALL TELL US?

Information gives us a story, a narrative that unfolds over time. From the perspective of accounting and bookkeeping, the story is about how we perform (the profit and loss report) and about where we stand at a point in time (the balance sheet).


By applying the principles of effective bookkeeping, we collect all the relevant information and build a full picture of past, present and potential business operations. We can tell the story of what has happened and what is occurring, and we can indicate the potential and pitfalls that lie ahead.


Stories can involve, inform, and inspire us. The story of any business is usually one of challenge, adversity, learning, persistence, personalities, innovation, creativity, frustration, enthusiasm, energy and fatigue, failures and success.


Until the story is finished, every story is a work in progress that can be edited, refined, revisited, improved, corrected....


In business the story shouldn't write itself; the narrative needs to be constantly plotted and directed, considered and controlled.


As the storytellers of performance and position, bookkeepers need to be the voice of the information, so that business owners can fully understand the financial reports, recognise the underlying events, and appreciate the total significance and meaning.

AND WHAT CAN BUSINESSES DO WITH THE MEANING?

→ Use actionable information

→ Test hypotheses

→ Predict behaviours

→ Make economic decisions

→ Achieve strategic goals

→ Draw conclusions

→ Navigate

→ Succeed

In a nutshell :-)

Good bookkeeping = Accurate and reliable information = Knowing your business = Effective economic decision making.

How often do you look both forward (into the future) and back (into the past), when making business decisions?

  • I always look forward, the past is behind me.

  • I try to do both, when I have the time and info.

  • I do neither, I try to operate within the moment.

Thanks for reading!

If you'd like to know more about Bespoke Bookkeeping, please click on the link below:


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