Our bookkeeping department takes the strain out of routine accounting, allowing you to concentrate on your business.
We will keep track of your bills and invoices, so you’ll be able to make payments on time, helping you to stay on good terms with suppliers, and warn you of payments that are at risk of becoming overdue. Our service aims to be efficient and accurate and is designed to streamline the preparation of your annual accounts.
Who requires bookkeeping?
Every business must legally keep a record of their transactions, although there are no set guidelines on how this must be done.
What does bookkeeping entail?
Bookkeeping involves the recording, storing and retrieving of financial transactions. This includes, but is not limited to:
- Billing for goods or services
- Recording receipts
- Paying suppliers
- Processing employees’ pay
- Providing financial reports
Why does a business need bookkeeping?
Apart from the legal obligations, keeping good records is an essential part of running a successful business. When good records are kept, the business knows at any time, how much is owed to suppliers, how profitable the business is and how much cash is available. This means better decision making can be made and improvements in cash flow and profitability can be made if necessary.