Bookkeeping

Businesses tend to see bookkeeping as something the accountant does just before the final tax deadline, when they should be using it to run their businesses more efficiently and cost-effectively. Up to date books can tell you a lot more than how much you owe Revenue & Customs. They can tell you which of your products or services are the most profitable. They can highlight which customers are, literally, more trouble than they are worth. They allow you to do cash flow forecasts so you can intercept any potential financial difficulties before they cause a problem. Regular bookkeeping protects you from nasty surprises. Unfortunately, it's one of those jobs that regularly falls off the bottom of the to-do list. Most owner/managers are so busy dealing with their customers they feel as if they don't have time to worry about the financial administration. Of course, the longer a stack of invoices are left undone or bank statements unbalanced, the bigger and more daunting the job becomes. Bookkeeping is not particularly interesting. Most people can find a lot more interesting things to do than sort out their paperwork and balance their outgoings and incomings. So why not contact us today for more details. Services include: Bank Reconcilications Opening Bank and Trade Credit Accounts Preparation and Despatch of Sales Invoices Collection of monies due to the Business Processing and Recording of Payments Received Making Payment to Settle the Company's Liabilities Aging and open invoice reports for both Purchase and Sales Ledgers Dealing with HM Revenue & Customs Calculating PAYE & National Insurance Recording and Reconciling of Expenses Calculating VAT returns Manual & computerised accounts Reviewing all aspects of bookkeeping for small businesses Preparation of books to trial balance