Benefits of Bookkeeping
Paperwork and bureaucracy can be the bane of small businesses. Bookkeeping is essential – keeping your own books is not difficult and can cut down on costs.
- It can ensure you collect everything you are owed on a timely basis and pay out only what is due when it is due which aids cash flow.
- It can identify the strengths and weaknesses in your business without having to wait for annual accounts therefore making you aware of problems early on.
- It will ensure correct payments to HM Revenue & Customs for PAYE and VAT.
- It can help reduce accountancy fees by reducing the amount of time needed to produce your accounts.
- It can provide your bank with up to date information if you need to raise finance.
- It can enable you to keep an accurate day to day bank balance which will ensure you stay within your agreed limit, thus minimising the chance of bounced cheques and the charges they will incur
Services
We offer the following bookkeeping services:
- Setting up an easy to use computer record.
- A full bookkeeping service including purchase / sales ledger.
- A check of your own bookkeeping records on a quarterly basis.
VAT
- Quarterly VAT preparation and submission to HMRC.
- On line submission, which is preferred by HMRC and also allows an extra seven days to pay your VAT bill.