12 January, 2023
Newsflash: Get Auderli The New Life Management App for free
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Hoxton Mix members can sign up to Auderli for FREE.
Organising your business and personal finances – what to consider and where to start.
It can be difficult to know where to start and what tools are available when organising your finances. What is the best way to collate your important files and information? And how can this make your business run more smoothly? Our partner Auderli is here to break down the most important aspects to keep in mind when considering your business finances to get you started tackling this daunting but unavoidable task.
Tracking Assets and Liabilities
Often overlooked, assets and liabilities play a huge part in contributing to the overall value of your business. Keeping track of anything from expensive tools and machinery to business vehicles and properties helps you better understand where your business’s net worth stands aside from your profits. As well as this, financial liabilities such as accounts payable or money owed to suppliers should be factored into organising and improving the future of your business finances.
Using a tool such as Auderli’s new document upload feature allows you to keep your business-related documents in an easily accessible and up-to-date system, close at hand whenever you need them. Some of the categories of these useful documents include:
All businesses require various degrees of insurance to protect the business from harm or provide cover relating to employee safety. Accurate records of such documents are essential in the event of a claim.
Tax and Accounting
An efficient financial management system regarding tax and accounting makes it easier to see what tax is owed and share it with your accountant when needed.
Uploading your HMRC self-assessment report will allow you to compare each tax year and easily access these files in case there is ever an issue regarding your income tax.
Any agreements made with employers, other firms, or suppliers must be documented. Not only is this a requirement of being a contractor, but it’s also something you’ll want for your peace of mind.
If you work within a specialist industry which requires you to have certifications to prove the quality of your work, then storing these somewhere accessible allows you to show prospective clients or employers easily.
Receipts and Expenses
Keeping an accurate record of receipts and expenses can greatly help when submitting tax returns and calculating your average spending.
Whether you’re a contractor who works with other people’s finances or a business owner who needs to share information with a business partner or solicitor, then keeping organised financial records allows you to take control when sharing certain confidential documents or information. When you know where things are, you can ensure that you only find and share the relevant information.
This speeds up various processes, such as accounting and tax assessments, and allows you to focus more on other aspects of your work.
Financial Wellbeing is at the heart of what we do! Managing important tasks, documents, renewals, and your general finances is stressful enough. Having the right tools in place will help you to organise all the important things, so you can spend more time doing the things you love. Auderli has been designed to help you manage these tasks easier, quicker and safer. Having everything in one safe and secure place in the cloud will make a huge difference when tracking all your important stuff. It's FREE, so give it a try.
Auderli is a new online financial and life management tool that allows you to track your accounts, assets and important documents in one place.
Valuing simplicity, accessibility, and usability - Auderli is designed for people, businesses, and contractors. By seamlessly integrating with financial platforms such as bank accounts or insurance providers, Auderli gives you a simple view of your overall net worth. You can then decide whether to share your portfolio securely with loved ones or financial and business associates.
Auderli is available for sign-up today. If you’re a Qdos customer, you can store your Qdos insurance policy within Auderli and easily share information. Your organised financial future awaits!
It takes seconds to sign up and start getting life in order. Get Auderli for FREE.
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