This is how we differentiate from other accounting firms. We are able to provide a fully managed day to day bookkeeping process.
Impress your competitors and customers. It is like having your very own accounting department but without the huge costs.
We create professional looking invoices on your behalf with your company logo on it.
Bookkeeping is the recording, on a day-today basis of the financial transactions and information pertaining to a business. It is concerned with ensuring that records of those individual financial transactions are accurate, up-to-date and comprehensive. Accuracy is therefore vital to the process.
Bookkeeping provides the information from which accounts are prepared and is part of the process of accounting in business. Transactions include sales, purchases, receipts and payments by an individual or organization.
Cash is the life of any business. Effective credit control lies in activity aimed at serving the dual purpose of
(2) minimizing risk of loss from bad debts by restricting or denying credit to customers who are not a good credit risk.
We can help with implementing processes for issuing credit, setting up terms or chase outstanding debts in a professional manner with the view of improving communication & relationships with your customers. This ensures smooth running of accounts and encourage timely recovery of payments. Which in turn helps to improve cashflow.
Credit control is an important component in the overall profitability of many firms.
Bank reconciliation is a free service included in the bookkeeping package.
There is no need for us to log into your bank account offsite. Statements from your debit, credit or paypal account can be automatically uploaded to your accounting software or send us a copy of monthly bank statements electronically or by post and we will do the rest.
A bank reconciliation is a process performed to ensure that the company’s accounting records (general ledger account, balance sheet, etc.) are correct and that the bank’s records are also correct.
The goal of this process is to detect any discrepancies between the accounting records of the company and the bank besides those due to normal timing differences. Such discrepancies might exist due to an error on the part of the company or the bank.
We complete a bank reconciliation at regular intervals for all bank accounts (debit, credit cards, Paypal), to ensure that a company’s cash records are correct. Otherwise, the business may find that cash balances are much lower than expected, resulting in bounced checks or overdraft fees.
A bank reconciliation will also detect some types of fraud. This information can be used to design better controls over the receipt and payment of cash.
For more information about our accountancy, bookkeeping or payroll services call us today on 0117 325 0460