Good bookkeeping records are at the heart of successful businesses of all sizes. Every business has a statutory obligation to produce annual accounts for the relevant authorities, typically HMRC and Companies House.
For small companies, directors need to comply with The Companies Act requirement for directors to maintain proper books of account in order that these records can disclose, with reasonable accuracy, the financial position of the business.
For sole traders and partnerships, they need to comply with HMRC’s requirement to maintain records from which your tax liability can be determined.
All business owners must keep financial records and there are minimum periods for which these records must be kept. For more information on this topic please see: Keeping Records
Bookkeeping may not be the most exciting part of running a business and is not always the easiest to control. This task is made all the more difficult by the growing complexity of taxation and employment legislation and the accompanying regime of penalties for non-compliance. However, it is essential to the success of your business.
I can relieve you and your staff of this time consuming and burdensome task by taking care of all your bookkeeping needs. For example, but not limited to:
- Purchase Ledger
- Bank Reconciliation
- Sales Ledger
- Credit Control
- VAT Returns
- Data Entry
Besides your core bookkeeping, I can also maintain your VAT records and administer your payroll.