Our services

• Bookkeeping
• Management accounts

• Credit control
• Payroll
• Specialised services

Our Services

Our services are outsourced, which means they are conducted offsite so that there is minimal disruption to your business. We conduct regular meetings with our clients depending on their availability to discuss any issues and the accounts and this can be done either weekly or monthly as necessary.

Bookkeeping

We understand that this is your business, so we will always tailor our bookkeeping service to meet your needs. We are flexible in our approach and this enables us to make recommendations where we see fit. Our bookkeeping service usually involves the following:

• Preparation and processing of sales invoices
• Posting and allocation of sales receipts
• Credit control and debt chasing
• Processing, coding and posting of supplier invoices
• Posting and allocation of supplier direct debit payments
• Production of cheques in accordance with credit terms
• Posting and allocation of supplier cheques
• Analysing and posting of petty cash payments
• Payroll journal entries
• Depreciation journals
• Interest journals
• Accruals and prepayments
• Bank reconciliations
• Calculation of quarterly VAT returns

Management Accounts

We are able to provide monthly and quarterly management accounts to meet your demands. These are reports that are aimed at helping managers make better decisions for the business.

Our experience has shown that a lot of small and medium sized companies rely on their year-end accounts to tell them what their financial position is. This should not be the case as an effective manager ought to have access to information at his finger tips to be able to service both his customers and his suppliers. That is the only way to be up to speed with what is happening in your business.

Information that is usually included in a set of management accounts are listed below:

• Profit and Loss Statements
• Balance Sheets
• Cash Flow Forecasts
• Debtor Listings
• Creditor Listings

We are able to provide more detailed analysis of any business area to be included in this report, like we said it is tailor made just for you and it is aimed at adding value to your business.

Why should a business prepare Management Accounts?

• You are able to look at your cash flow position and see what trends and patterns emerge which will enable you plan for your cash in the future and also obtain additional finance should you require it.
• You are able to look at your profit and loss statement and very quickly see how well your business is performing in terms of profitability, and help you again plan or make changes, if necessary.
• You are able to meet your contractual obligations of providing management accounts on a quarterly basis should you have a commercial loan with retail banks

Payroll

We offer payroll services for small and medium sized businesses. All you have to do is provide us with gross pay details either weekly or monthly and we will take care of the rest.

We understand that people are very sensitive towards their pay so we ensure that they are paid on time, with correct pay calculations and that you comply with current legislation.

We will provide you with:

• Sealed payslips to ensure staff security is guaranteed or online PDF
• Extremely cost effective rates
• Easy to use process that any staff member without payroll knowledge can follow
• Other reports available through the Payroll system include:
  • Maternity leave reports
  • Earning report
  • Gross pay to net pay report
  • PAYE/NIC reports
  • All year end reports, P35, P60, P14, P46, P11D

Credit Control

In order to have a viable business you have to have enough money in the bank to keep going – hence the term going concern. Most managers believe that once a sale has been made, that automatically means the business is profitable, but this is only the first step, you have to ensure that your customers will actually honour that sale by making payment into your bank account.

We ensure that we are up to date with your credit management and we chase up all outstanding debt for you and provide you with an aged debtors report that shows you who the worst payers are and perhaps you might want to re-negotiate your credit terms with them. This way your business continues to grow and also you are able to have a better relationship with your customers as you will be in a position to review your terms of business with them on a regular basis.

Specialised Services

We provide a variety of other services all focused at helping small to medium sized business.

• Financial Services - We have a network of specialist independent financial advisors who are able to help with your mortgage, pension and other financial requirements.
• Internal Control - Many small businesses lack time and understanding of having proper systems in place to manage your financial and operational processes. We are able to help you look at your internal structure and make recommendations on how to improve them.
• Performance related measures – These are additional reports that can aid decision making and increase competitive advantage. They constitute financial measures using ratio analysis to monitor profitability and liquidity and non financial measures such as monitoring debtors and creditors days, gross margin %, no. of customer complaints etc.
• Company Formation - We are able to help you set up your Limited companies and also Limited Liabilities Partnerships (LLP).
• Accounting Software - If you wish to change software or upgrade your existing version, we are able to provide you with assistance on selection and installation of your software of choice.
• Taxation - Whether you require the production of a self assessment return or a corporation tax return, we are able to help with a quick turnaround and low fees.
• Accountancy - We have relationships with many accountancy firms and are able to introduce you to an expert who is able to help you comply with the changing legal requirements for small businesses as well as help you grow and develop your business.