Accounting
If you are a company, your published accounts have to comply with detailed reporting requirements under the Companies Acts as well as generally accepted accounting principles.
If you are self-employed, you have to prepare accounts that are included in your annual tax return.
Choosing the right accounting package
We can advise you on the best accounting package to keep track of your income and expenditure, assets and liabilities. We can help you to set the software up with the correct chart of accounts. We can advise you on the controls necessary to ensure that your accounts are up to date and give a true and fair view of your business operation.
If you have an existing accounting system, but feel either that it is not working properly, and or that you have outgrown it, we can assist you with the transition to a new package. Our services include identifying your needs, producing a shortlist of alternative packages, helping you to make your decision, and assisting you with implementation.
We belong to the Barclay Bank plc Professional Advisers’ Programme. We can source Intuit and Sage accounting software for you. We can install it and provide ongoing technical support.
Bookkeeping service
If you are a small business, or one with a relatively small number of transactions, we can provide you with a remote accounting service. You send us your accounting source documentation, and we send you regular accounting reports from our system.
Preparing your annual accounts
Once your year end has passed, we will get in touch with you to arrange the preparation of your accounts so that they are ready for filing well ahead of the deadline. We provide you with accounts that meet all the relevant reporting requirements, so that you cater for the needs of your shareholders, Companies House, the Inland Revenue, and third parties such as banks, suppliers and landlords.
Our starting point is figures from your accounting system. We critically review them to ensure that they make sense. Although we are not carrying out an audit of your accounts, we do check them thoroughly. Once any queries have been ironed out, we inform you of any adjustments so that your own accounting system can be kept in sync with the published financial statements.
We load your data into our state of the art accounts production system in order to produce desktop published accounts for you. We also supply abbreviated accounts for publication by Companies House.
Finally, we are always looking for ways to help you to improve not only your accounting, but your profitability as well. As part of our services, we will make any pertinent recommendations we have in a covering letter to you when we send you your accounts.