Our Bookkeeping service will save you time and help you stay on top of your finances.
Free Your Time
It is a burden to stay on top of your finances when you are busy running a business. However, if you don’t keep up to date with the money flowing in and out of your business, there can be serious ramifications. This is where Mercian Accountants can help; we will stay on top of your finances so that you can better use your time.
Keep HMRC Happy
All businesses have to abide by statutory rules and keep accurate accounts. At Mercian Accountants our bookkeeping service will help you avoid late filing penalties and give you peace of mind when dealing with HM Revenue and Customs as well as allowing you to monitor your profitability, to see if any corrective actions are necessary, and to plan for future growth.
Our Bookkeeping Service Includes:
- Supplier Invoices and Purchase Ledger
- Sales Invoices and Sales Ledger
- Money Paid Out and Paid In; Cash Book and Bank Reconciliations
- Petty cash
- Who Owes You Money; Aged Debtors Lists
- Who You Owe Money To; Aged Creditors Lists
- Accounts Analysis and Nominal Ledgers to Trial balance
- VAT Records and Quarterly VAT Returns
- Monthly Management Accounts
Our Bookkeeping Service ensures accurate maintenance of your VAT records so you know where you stand with the VAT at any time. This enables us to prepare and submit your VAT returns in a timely fashion, thus fulfilling your responsibilities to HM Revenue & Customs.
Monthly Management Accounts
As part of our Bookkeeping Service, we can prepare monthly management accounts. This service will help you manage your finances and understand your financial position and can be a powerful aid in decision making. Understanding your revenue, costs, gross profit, expenses and net profit means that you can make the best decisions for your business.