Bookkeeping

Simply put, Bookkeeping is a meticulous task of recording each and every financial transaction that a company makes. It is one of many steps in over accounting for a company. A bookkeeper must know your company's chart of accounts as well as understand how to balance the books. 

 It is important, as it can help judge the financial health of a company, while also enabling to search for areas of improvement. Also, it safely keeps a record of each transaction that your business made. While on the subject of importance, it is crucial that you keep copies of any documentation that can prove a transaction was made, such as receipts, invoices, etc. 

 Well, why you? Bookkeeping is painstaking and time-consuming task. We have trained accountants with years of experience that can accurately balance your books, so you can spend your time growing your business. As from 1st January 2021, there is now a regime of digital taxation (DT). If you are VAT registered, i.e. your turnover is in excess of £85,000 per annum, even your bookkeeping has to be carried out on a recognised computer software package. We have registered with all the major suppliers: Sage, Xero, Quickbooks and can offer a high standard tailor made bookkeeping service to make sure your business is DT compliant.