5 Common Money Mistakes Fixed by a Bookkeeper Twickenham

Money is one of those things that can quickly get messy. Whether you run a small shop, work for yourself, or are just trying to stay on top of bills, it’s easy to make mistakes. Sometimes, you don’t even notice until it’s too late.That’s where a Bookkeeper Twickenhamcomes in.

At Marble Hill Accountants, we’re a small, friendly firm in New Malden, and we’ve seen all sorts of money mix-ups over the years. The good news is, these mistakes are fixable. With a little help, you can save time, avoid stress, and keep more money in your pocket.

Here are five common money mistakes people in Twickenham (and nearby) make — and how a bookkeeper can sort them out.



1. Mixing Personal Money with Business Money

This is one of the biggest slip-ups. You’re out shopping, you grab something for work, but you pay with your personal card. Or you pay for groceries with the business account. At first, it seems fine. But over time, everything gets mixed up.

Why it’s a problem:                                                

·         It’s hard to know what money belongs where

·         Tax time turns into a nightmare

·         You might miss out on claiming expenses

How a bookkeeper fixes it:

We help set up simple rules so personal money stays personal, and business money stays business. It keeps things neat, saves you time, and means you don’t have to panic when HMRC comes calling.

2. Forgetting About Cash Flow

Cash flow just means “what money comes in and what goes out.” Many people think, “I’m making sales, so I’m fine.” But if customers take weeks to pay you, or bills land all at once, suddenly there’s no cash left to cover things.

Why it’s a problem:

·         You can’t pay your bills on time

·         You feel stressed and stuck

·         Growth becomes impossible

How a bookkeeper fixes it:

We keep track of every pound in and out, so you always know what’s happening. You can:

·         See when money is running low

·         Plan ahead for slow months

·         Relax knowing you won’t get caught out

Think of it like checking the petrol before a trip — you don’t want to break down halfway.

3. Losing Track of Expenses

Shoeboxes full of receipts, invoices shoved in drawers, scraps of paper everywhere. Sound familiar? Many people forget to record their expenses properly, and that means they often pay more tax than they need to.

Why it’s a problem:

·         You miss out on money you could claim back

·         Your books don’t show the real cost of running your business

·         It makes budgets useless

How a bookkeeper fixes it:

We make expense tracking easy. From apps that let you snap a picture of a receipt, to tidy monthly reports, we make sure nothing is missed. That means:

·         Lower tax bills

·         Clear records

·         Less stress come year-end

4. Missing Important Deadlines

There are always deadlines: VAT returns, self-assessments, payroll, corporation tax. They creep up fast, and missing one can lead to fines.

Why it’s a problem:

·         HMRC penalties

·         Extra costs you didn’t plan for

·         Unnecessary stress

How a bookkeeper fixes it:

We act like your money calendar. We remind you, prepare everything, and file it on time. You don’t need to worry — it’s all taken care of.

5. Trying to Do Everything Yourself

This is the most common mistake almost everyone seems to make. Almost at least once, every businessman think that they will be saving money by doing their own books. Well, in fact it is going to cost them much more in long run.

Why it’s a problem:

·         You will do it for hours

·         You can make so many mistakes

·         You miss out on expert advice

How a bookkeeper fixes it:

We take the weight off your shoulders. That means:

·         More time for your business (or family)

·         Peace of mind that everything is right

·         A friendly expert to answer your questions

Sometimes, letting someone else handle the numbers is the smartest choice.

Ready to Stop Making Money Mistakes?

Whether you’re in Twickenham, New Malden, or nearby, we’d love to help. A Bookkeeper Twickenhamisn’t just someone who types numbers into a spreadsheet. We’re here to keep you organised, on time, and free from money stress.

If you’re tired of missed deadlines, messy receipts, or sleepless nights worrying about cash, give us a call. Let’s make your money simple again. Get in touch with Marble Hill Accountants today — and let’s get your books in order.

Learn More:  https://marblehillaccountants.blogspot.com/2025/08/capital-gains-tax-wimbledon-smart-moves.html

 

 

Location: 193 Richmond Rd, Twickenham TW1 2NJ, UK

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