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

Contact us
E: acoyle@comptongroup.com P: 01792 315482
Post

Compton Group

PO Box 425

Swansea

SA6 8YH

Head Office

45-51 Wychtree St
Morriston
Swansea
SA6 8EX