When you start a service-based business, you juggle every task going. You don’t just play one role, you play them all. Sales, delivery, invoicing, chasing payments, social media, admin, tech, bookkeeping… it all lands on your desk. But the service businesses that grow quickly and sustainably, have one thing in common: They outsource everything except their zone of genius.

Growing a team is exciting, but it comes with its own set of challenges. Cash flow being one of them. While your revenue might be climbing, the gap between invoicing clients and actually receiving payment can create serious problems when you've got salaries to pay, software subscriptions to maintain, and operational costs multiplying.

When you're scaling fast, it's easy to get caught up in the excitement of growth: more clients, more revenue, more opportunities. But without the right financial KPIs in place, you're essentially driving blind

At LJM Bookkeeping we come across many business owners who have been doing their bookkeeping themselves and got themselves into a right mess. When you first start out in business it may seem logical to keep everything in house. Do whatever you can yourself, to keep outgoing costs to a minimum. However, this is where many business owners trip up!

When you first started your business, doing your own bookkeeping probably made perfect sense. You knew every transaction, every client, and every expense by heart. A simple spreadsheet or basic accounting software seemed like all you needed. But as your business grows, that DIY approach that once served you well can quickly become your biggest bottleneck.

When your business hits the £1 million turnover mark, congratulations are in order – but so is a reality check about your finance function. The accounting software that has no capabilities of integrations just isn’t going to cut it anymore. The approach that got you this far won't sustain the growth ahead. It's time to build a finance function that scales with your ambitions, not against them.

But as your business grows and your turnover climbs towards that million-pound mark, you'll quickly discover that compliance bookkeeping – while essential – is just the starting point of what you actually need.

Scaling a business is one of the most exciting yet challenging phases of entrepreneurship. As your turnover grows and your team expands,...

automation isn't just for big organisations. In fact, it's becoming increasingly important for small businesses to embrace automation in order to free up time to allow them to scale.

The landscape of business is fast paced and with all of the latest technology advancing so quickly it can be easy to get left behind. That means you may be working with outdated systems and old processes. At ACE-XL it’s our mission to make sure that doesn’t happen to you.

Let's have an honest conversation about scaling your business. If you're reading this, chances are you're at that exciting (and slightly...

Ever felt like your business goals are just slightly out of reach? Like you're so close to achieving them, but something's holding you...

Let's have an honest conversation about something that might be quietly draining your business's potential – your outdated financial...

Let's Get Real About Scaling You know what's funny? When we talk about scaling a business, everyone jumps straight to thinking about...

Let's talk about something that makes many business owners break out in a cold sweat – introducing new processes to their team. We've all...

Let's talk about something that keeps many business owners up at night – getting paid on time! We've all been there, checking our bank...

Treating your finances as a standalone element could be holding your business back from reaching its full potential.  There are so many...

One thing is for sure in business, is that to be productive you have to have the right systems in place. Without the right systems and...

leveraging software to suit the requirements of your business is crucial

Why Investing in Financial Management is Crucial for Scalability Scaling a business is an exciting journey filled with opportunities for...