Accounting & Bookkeeping
Management & Financial Accounting
Up to date financial information is critical to understanding the financial health of your business. Having an awareness of your core cost drivers and revenues is essential in driving growth and prosperity. We can support you by preparing management accounts tailored to your particular needs.
We can also prepare your statutory accounts to assist you fulfil your reporting obligations to Companies House. Alternatively if you are self employed we can prepare your end year accounts to support your Self Assessment Tax return.
Many of our customers prefer us to maintain the accounting records on their behalf, either by posting the transactions in accounting software or using other arrangements. We are happy to provide this service.
Cloud Accounting Applications
Cloud Based Accounting software is becoming increasingly popular with small business. These allow you to record your business transactions directly into a bookkeeping system. Many support direct data feeds from your bank statements and allows you to analyse receipts and payments to the relevant income stream or cost code. Individual packages also provide additional functionally, such has building up estimates for specific works or projects, generating invoices and auto release to customers, they can also improve financial reporting and profitability on specific projects for comparison against the estimate.
Cloud Based Accounting is enabling us to drive down your accountancy costs as a result of the improved level of record-keeping, allowing us to view your trading activities in real-time enabling us to mange your affairs more effectively and efficiently. And utilising the application to collect and transmit information to the relevant Authorities on-line.
We recognise that the transition to an accounting system is not straightforward, especially if you have not used accounting software in the past, however in addition to the materials and guidance produced by the software provider, we can also provide all the support you need to implement and operate the accounting system.
Generally the software provider charges a small monthly fee, however as approved agents for FreeAgent and Quickbooks, we are able to offer a free subscription to these applications. Customers of RBS/NatWest can also access FreeAgent free of charge.