Although recording incoming and outgoing transactions is not the most exciting job, detailed bookkeeping helps to produce accurate and complete accounts, which HMRC requires you to submit so that you can pay the right amount of tax. In addition, if you’re registered for VAT, you’ll need to complete quarterly VAT returns.
On a more positive note, if bookkeeping is done properly it can give your insight into how well your business is performing, which in turn will help you to make informed decisions and keep your company on track in achieving its goals.
Are you doing or do you want to do your own bookkeeping?
If your answer is yes, you could save on bookkeeping fees charged by Accountants. Furthermore, you could also ask your Accountants for guidance on which software and mobile apps can help you carry out bookkeeping tasks more quickly and save you money. We can provide you with advice on these and other areas of business so that you can be confident that you’re carrying out your bookkeeping cost-effectively and correctly.
However, performing bookkeeping in-house will require you to ensure that your staff are aware of the latest HMRC rules that affect bookkeeping. Therefore, if you prefer your employees to focus on managing and growing your business and leave the hassle of bookkeeping to the experts, we can help you with that also.
For further information on our advisory, training or bookkeeping services, please contact us.