Every business, large or small, is required by law to keep its financial records in good order. This involves the recording of all the financial transactions.

Using computerised accounting packages is recognised as being one of the easiest, most efficient and reliable methods of achieving this and with the implementation of the new 'Making Tax Digital' requirements due from April 2019, VAT registered businesses with a turnover above the current VAT threshold (£85,000) will have to keep digital records for VAT purposes and provide their VAT return information to HMRC through Making Tax Digital compatible Software. 

We use up to date Sage 50 software (V24 and above is already MTD compliant) and operate Sage Business Cloud and Xero, and can offer the following:

  • Management of purchase ledgers including paying suppliers
  • Management of sales ledgers including raising sales invoices, credit notes and end of month statements
  • Banking and bank reconciliation
  • Assistance with cashflow forecasts
  • VAT returns
  • Computerised accounts
  • Bookkeeping for small Limited Companies up to trial balance (Final accounts will need to be submitted to an accountant).

A bookkeeper will be an important member of your business team and therefore it is essential that you feel comfortable working with them and that you trust them. This decision is largely down to your own personal preferences as to the type of person with which you prefer to work.

If you are just starting out in the business world you will be flat out familiarising yourself with all facets of the business and will be focused on cashflow and the day-to-day operation of the business. It will thus be of considerable help if you can hand the responsibility for detailed financial recording over to someone that you know has the experience and expertise to keep your books up to date.

If you have an established business but are thinking of expanding then a bookkeeper will also be essential in providing you with accurate, current information as to how well your business is doing and how it is coping financially with the expansion.