Each business has its own unique requirements and different industries need different types of accounting software solutions. We only use Sage software as it has a multitude of add on solutions for the different business requirements. We handle a number of building industry accounts that use Job Costing and CIS, the Construction Industry Scheme, we also have experience with accounts dealing in foreign currency and a full payroll service.
“The practice or profession of recording the accounts and transactions of a business”
This is the general term used to describe the collection of services that we offer. We tailor our services to each of our customers needs to provide the most efficient and cost effective solution to their business.
Having provided a service or product it is important to send out an invoice as soon as the job is complete in order to receive payment from the client within the agreed payment terms. Invoices are designed to the customers requirement with their own logo or header and breakdown of services and materials itemised if required. Invoices are sent out daily by email .
Credit control is a vital part of running a business and can easily cause cash flow problems if not effectively managed. Our services include regular checks on customer accounts to agree and manage credit limits, identify and chase overdue payments and resolve issues. We can issue court summons on your behalf but do not offer a debt recovery service.
It is vital to keep track of supplies and suppliers in order to effectively manage cash flow and produce accurate job costings. We will maintain a professional relationship with suppliers logging and reconciling charges, resolving issues, provide monthly creditors report and arrange payment if required.
We will reconcile bank and credit card accounts ensuring all expenses and receipts are accounted for correctly and no unauthorised transactions take place. Matching statement transaction to those on the account to ensure no payments or receipts are overlooked.
This can be for any number of staff one,two or twenty two staff monthly or weekly paid. We will maintain accurate employee records, input payments and adjustments, produce legally compliant wage slips, P45 ,P46 & P60 slips and all HMRC returns. All employees are filed at HMRC website and all starter, leaver and Year End files are sent electronically with a confirmation receipt from HMRC to acknowledge accurate info at all times.
One of the biggest problems a business can face is when it does not know its true worth. The purpose of the monthly management accounts is to supply you with the information you need to know to enable you to make informed decisions about your business. Reports are tailored to the individual business but a typical pack would include a Profit and Loss report, a Balance Sheet and a Trial Balance Statement.
We offer a paperwork collection/delivery service to make it easier for clients paperwork to be received by us and worked on in our Windsor office. We can return the paperwork the following week when we collect the new paperwork.
We see ourselves as the link between the business and the accountant. We do not offer the services of an accountant but do provide them with the information they will require to produce your annual accounts. We have worked with many accountants over the years and because we only use Sage software we know the information we supply will be fully compatible with their requirement whoever they may be. Our hourly rate is much lower than that of the accountant so it makes sense for us to do the bulk of the administration reducing the amount of time your accountant needs to spend on your books.
We will ensure that your bookkeeping is in line with the requirements of HMRC. If you wish to complete an online tax return we will provide the information you require and assist you with its completion. If your business is VAT registered you need to keep accurate records of all VAT charges for goods and services that you buy and sell. If HMRC wishes to inspect the accounts that we have administered we would work with them to supply the required information and resolve any issues. Several of our clients fall into the category requiring a CIS (Construction Industry Scheme) return submitted every month. We are well versed with performing this function and offer this service should it be required.