Bookkeeping

Why is it necessary?

  • accurate business data – this is the building block for all meaningful business management
  • for taxation purposes i.e. VAT, PAYE, Corporation Tax etc.
  • Saves time and money avoiding penalties
  • Accurate data means correct deductions resulting in less tax
  • Brings certainty to business owners
  • Helps with managing business processes
    Gives business owners control of their finances through better financial analysis and management (e.g. collecting debts quickly, making supplier payments timely (and hopefully taking advantage of early settlement discounts etc)

Question: I am interested in this what should I do:

You have 2 options

  • Online/Cloud Solution: This provides you with the greatest flexibility. As long as you have the internet, you have access to all your financial data. Strictly Accounts allocated staff will work on this at any time even when you are viewing your accounts as well.
    You will be notified of what records are needed and look at what you’re your accounting goals are. This will be in conjunction with the budget you have so that we can tailor the bookkeeping service to satisfy your needs. The goodness of this system is that it is now possible to prepare management accounts that will show the customer account balances, supplier account balances, stock levels thereby detecting slow moving items, Cost center analyses enbling you to concentrate profitable activities and discontinuing costly activities, planning on profit extraction if you are running a company. With our experience, we can easily take away the hassle of bookkeeping. We offer fixed competitive fees that are payable monthly so that you can spread the costs.

 

  • Prearranged system; We shall provide you with 4 separate wallets or envelopes to store every invoice and receipt in.  Then you will be requested to post this on a period basis, monthly or quarterly to us.  In return we shall prepare all your bookkeeping and send this back to you.  We have a system that will prepare a report for you at the end of that period.

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