Below are a list of bookkeeping services that I offer…
Advice and Guidance – Free Initial 1 hr Consultation
- What tax deductible expenses you can claim.
- What records to keep, how to keep them and for how long for.
- What you would like to achieve.
- Benefit to you.
Once a month I will check your bank statement with your accounts to check that everything has been input and is accurate. It will highlight if anything is missing. This could have consequences for your VAT return and year end if not spotted, which could cost you money in the long run.
Basic Profit and Loss Statement (P & L) Preparation
I can prepare a basic P&L for you but it always advisable to have your accountant prepare these for you as there could be tax implications otherwise. Plus your accountant might suggest ways in which you could save money in future regarding tax, capital allowances, capital gains tax, pension payments, etc.
- Analyse your spending over a period of time and budget/forecast for future spend based on previous trends.
- Help you with cash flow.
- Help you plan more cost effectively in future, especially if need to make expensive purchases.
Cash flow is the life blood of every company – no cash flow equals no business. By performing monthly bank reconciliations I can monitor your cash flow and analyse trends.
It is not easy asking your customers for outstanding money as you don’t feel comfortable doing it yourself. I can do that for you which will help to improve your cash flow.
Recording Financial Information
- How to record financial information.
- VAT registered vs non-vat registered expenses.
- What information I need from you.
- How often I’ll collect or you’ll send it to me.
If all your financial information has been input and checked on a regular basis then it will take a lot less time (and money) to prepare your self assessment.
I can look at systems already in place and make suggestions for improvement to make your business more efficient and hopefully more cost effective. If no systems are in place I can advise systems that would be most beneficial to you.
I can give you training on accounting software or spreadsheets so that you use it more effectively, empowering you with the knowledge to understand your own business’s finances and financial position.
Every quarter I will check all your data is input, which will be easier if bank reconcilliations are done monthly, and ensure all items have the correct amount of VAT on and can be reclaimed from HMRC, therfore saving you money. More importantly, I will ensure they are submitted on time so you don’t get any late payment fees.