Bookkeeping
We offer bespoke, tailored bookkeeping services including assistance with management accounts, working out tax liabilities, controlling paperwork and helping with VAT.
Bookkeeping
We offer bespoke, tailored bookkeeping services including assistance with management accounts, working out tax liabilities, controlling paperwork and helping with VAT.
What is Bookkeeping?
Bookkeeping is often referred to as the first part of the accounting process. While there is some overlap, bookkeeping focuses on organising and focusing on financial data and information. Our role as accountants is to interpret and present the data in line with regulatory bodies. These include HMRC and Companies House. In many ways, bookkeeping is a transactional and administrative role of regular tasks. The job of a bookkeeper is a responsible one and is one of the most important elements of your accounting procedures.
An Essential Role
Key tasks include chasing overdue payments, sorting out daily expenses, ensuring any employee information is correct and other tasks. As we understand the benefits of good communication, you are kept fully informed. An important job is the monthly bank reconciliations during which the smallest mistake can be spotted. This helps reduce errors further down the accounting process.
Bookkeepers must provide up-to-date and accurate information that covers many areas. These include producing invoices and ensuring they are paid, financial statements, accounts receivable and credit control. As Year End approaches, the bookkeeper needs to have all the correct documentation ready. In short, bookkeeping involves recording and storing information for a business or an individual. Bookkeeping is a crucial part of financial planning and recording keeping.
An Essential Role
Key tasks include chasing overdue payments, sorting out daily expenses, ensuring any employee information is correct and other tasks. As we understand the benefits of good communication, you are kept fully informed. An important job is the monthly bank reconciliations during which the smallest mistake can be spotted. This helps reduce errors further down the accounting process.
Bookkeepers must provide up-to-date and accurate information that covers many areas. These include producing invoices and ensuring they are paid, financial statements, accounts receivable and credit control. As Year End approaches, the bookkeeper needs to have all the correct documentation ready. In short, bookkeeping involves recording and storing information for a business or an individual. Bookkeeping is a crucial part of financial planning and recording keeping.
Core Duties
Core duties include data entry and monthly reports. Other tasks include filing tax returns, end of year liaison and helping with cloud accounting. Additional ways bookkeeping is an essential service includes maintaining expenses records, asset depreciation, updating various ledgers, processing payroll and more.
Working Digitally
Most bookkeepers will need to acquire good digital skill. Increasingly, they need to be familiar with and able to use cloud accounting packages. Acquiring these skills means the bookkeeping task becomes more streamlined over time. Cloud based software can now be used anywhere where there is an internet or Wi-Fi connection.
Cloud based applications can be used on a range of devices including ‘smart’ phones, tablets and desktops. If your business has the capacity to undertake some level of bookkeeping in house, we can provide training in certain online packages.
Working Digitally
Most bookkeepers will need to acquire good digital skill. Increasingly, they need to be familiar with and able to use cloud accounting packages. Acquiring these skills means the bookkeeping task becomes more streamlined over time. Cloud based software can now be used anywhere where there is an internet or Wi-Fi connection.
Cloud based applications can be used on a range of devices including ‘smart’ phones, tablets and desktops. If your business has the capacity to undertake some level of bookkeeping in house, we can provide training in certain online packages.
Flexibility for Your Bookkeeping Needs
If your regular bookkeeper is on sick leave, maternity leave, or there is a gap in recruitment, we can step in and help. Outsourcing your bookkeeping, even if for a brief time, reduces the workload. With cloud accounting software, this service can also be seamless once your bookkeeper returns. Our charges are flexible and we discuss the various options with you. We can handle both the bookkeeping and accountancy needs of your business, all under one roof.
Benefits of Accurate Bookkeeping
In short, bookkeeping is the first stepping stone to the financial smooth running of your business. Accurate figures help with overall profitability, cash flow, financial forecasting and tax filing.
Benefits of Accurate Bookkeeping
In short, bookkeeping is the first stepping stone to the financial smooth running of your business. Accurate figures help with overall profitability, cash flow, financial forecasting and tax filing.
Got a Question?
If you have any queries or want to know more then please feel free to get in touch
01482 688356
The Temple,
Hesslewood Office Park,
Ferriby Road, Hessle, HU13 0LH