Range of Accountancy Services

Whether you are outsourcing just one accountancy function or the entire accountancy operation, we are committed to supporting the objectives of your business. We can also help you with one off labour intensive accounting projects.

Range of services

Accounts payable
Accounts receivable
Monthly financial statements
End of year accounts
Management reports and forecasting
Credit control
Administration of payroll including PAYE/NI returns

During the administration and set up period we will learn about your systems: this will involve creating documentation to record those systems. Before there is full transition to outsourcing we will run extensive trials.

Bookkeeping

If you require a cost effective, quality bookkeeping service these are some of the day to day bookkeeping function we can support you with:

Daily updates in:

Cash and Bank books
Purchases book
Sales book
Journals
VAT returns
Bank reconciliations
General ledger
Inventory records

Accounts payable

The administration of accounts payable can be a time consuming burden for any company. However, neglecting this important function can easily result in overpayments, unnecessary expense and a lack of control.

These are some of the functions we can perform

Accurate recording of all invoices and credit notes
Quality control to ensure no duplication of invoices
Reconciliation of suppliers invoices and credit notes to purchase orders and goods received notes
Listing exceptions for internal resolution based on pre-defined parameters
Storing and maintaining documents in the system for an agreed period of time
Producing customised reports, graphs and statistics to support budget planning

Accounts receivable

No other function takes on as much importance as managing receivables particularly in this economic climate. Our service includes:

Accurate and timely issuing of invoices for goods or services supplied
Ensuring monthly statements are sent out on time
Strict monitoring of credit limits and ensuring authorisation for sales exceeding these limits
Issuing of debit and credit notes subject to correct authorisation
Debtors’ reconciliation and providing aged debtor reports
Preparing management reports, graphs and statistics as per the requirements of your organisation

Monthly financial statements

Every organisation needs to review performance on a periodic basis. Our experienced accountants can provide financial statements such as cash flow, profit & loss and balance sheets on a monthly basis. The availability of regular financial statements may assist in your relationship with the bank.

End of year accounts

We can prepare meaningful, accurate and reliable year end accounts with comparatives of the previous year. The accounts will meet the requirement of Companies House. If your accounts are audited we will liaise with your accountants.

Management reports and forecasting

To help you manage your business and make key decisions, our accountants can prepare various management information reports such as sales, margin and inventory reports. Our staff can also be involved in preparing budgets, as well as analysing variances between budget and actual figures

Credit control

Through the strict implementation of sound credit control systems, we can help your company reduce the amount owed to your organisation as well as minimising the risk of bad debts. The service includes:

Issuing reminder letter and letters before action which conform with your company’s policy and procedures.
Our staff conducting follow up phone calls in accordance with agreed script to chase the client
Preparing scripts for our staff to conduct follow up phone calls to customers with outstanding bills
Liaising with solicitors and providing briefing documents for follow up action.

Administration of payroll including PAYE / NI returns

We can process your payroll for temporary or permanent members of staff on a weekly or monthly basis.

The service includes:

On line payments to individual bank accounts including distribution of payslips
Administering payroll in accordance with HMRC on line services for monthly PAYE and NIC
Processing of starters and leavers including the issue of P45s
Completing all relevant administration for end of year procedures including P60s for individuals