The foundations of a good accounting system
We know what it’s like, you’re focusing so heavily on running your business that the stressful and time consuming part of bookkeeping can really slow you down and then you panic when things fall behind. That’s why we will work with you to understand what level of support you need with bookkeeping and tailor a package that works for us both.
What is bookkeeping?
Bookkeeping is the foundation of all good financial management. It involves recording, organising and maintaining accurate records of your business’s financial transactions, from sales and purchases to bank reconciliations and expenses.
Why is it important?
- Keeps your financial records accurate and up to date.
- Ensures you have a clear view of cashflow and performance, allowing you to better budget for the future and estimate future Taxes.
- Reduces stress at year-end when accounts and tax returns are due.
- Helps you stay compliant with HMRC record-keeping rules in particular as Making Tax Digital.
- Peace of mind knowing things are accurate and up to date.
How we deliver this to clients
We use leading cloud-based bookkeeping software such as Xero, Freeagent, Sage and Quickbooks which allows us to provide real-time information and access for you. We’ll tailor the bookkeeping process to suit your business, whether that’s weekly, monthly or quarterly. Our team will manage everything from reconciliations to VAT coding so you can focus on running your business.
Full bookkeeping
- You just upload your receipts and forward invoices to a dedicated accounting package. If you can use a camera phone and access online banking, you’re 90% of the way there!
- We do the bookkeeping and report back to you each quarter with a financial summary of your business’ performance.
Partial bookkeeping
- For those businesses where a lot of the day-to-day you like to manage in house but need support in difficult or specialist areas such as staying on top of sales ledgers or dealing with CIS
DIY with training
One-to-one training for your team to do bookkeeping in house
- We can attend your business premises and provide one to one training to your dedicated in house bookkeeper or administrator.
- We then follow up a few weeks later to check everything’s going well and offer support throughout the year.
- You’ll also get access to all of our software training videos free of charge for on demand access.
- Finally, you walk away with our bespoke bookkeeping guide designed specifically for your business!
Summary & next steps
Accurate bookkeeping is the bedrock of your finances. Let us take the stress away by managing this for you so you can make confident business decisions. Contact us today for a tailored bookkeeping package.
Contact us today for a tailored bookkeeping package.