Scott-Moncrieff provides some top tips on how to keep track of your expenses.
Our brains apparently have an inability to recognise our ‘future selves’ as us. Some interesting research from the University of California in Los Angeles suggests that we are more likely to think of our future self as a completely separate person, much in the same way we would a stranger.
It’s said that this goes some way in explaining procrastination when it comes to things we know are important, but decide to do tomorrow, next week, or next month.
When it comes to financial record-keeping, it’s not uncommon to fall into this bracket. It might not be the most exciting of tasks, but keeping a good handle on your financial records (be that expenses or income) right from the start is vital in terms of producing the management information you and your investors will need. Here's our top tips for you to consider:
Help your accountant to help you, and help your future self, by keeping track of your expenses.
If you would like any assistance with your financial record-keeping moving forward, please do not hesitate to contact Scott-Moncrieff’s business advisory assistant manager, Craig Clark, at firstname.lastname@example.org, 0131 473 3500 or visit www.scott-moncrieff.com.