Bookkeeping is the recording of your financial transactions. This includes sales invoicing when you sell goods to customers, recording purchase bills when you buy materials and overheads from your suppliers, or incur expenses on behalf of the business, and bank payments and receipts. Good bookkeeping also reconciles your bank account to your accounting system to ensure all income and expenditure is fully included in your accounts.
Here's what we can do for you:
Bookkeeping - Review only
A monthly check-in of your accounting software, inclusive of an advisory report to be delivered by your account manager.
Bookkeeping - Top & tail
In addition to our 'review only' bookkeeping package, we will post any transactions that need processing, and correct any transactions identified.
Bookkeeping - Essential
In addition to all aspects of our 'top & tail' bookkeeping package, we will carry out the bank reconciliation for your business.
Bookkeeping - Advanced
In addition to all aspects of our 'essential' bookkeeping package, we will deal with any sales, purchases and bank transactions that haven't yet been processed.
Bookkeeping - Complete
In addition to all aspects of our 'advanced' bookkeeping package, we will carry out and take responsibility of all aspects of your bookkeeping.
Xero charge a monthly subscription. We can consolidate this with our services so you have just one payment each month. Take a look at Xero's available subscriptions here.
Many businesses do much of their own bookkeeping and leave us to finish it off to improve the accuracy and completeness of the work. It is only when the bookkeeping is of a high standard that we can extract meaningful information to help you run your business.
Bookkeeping has changed enormously in recent years. It is now all about digitalising the information so that it can be used to provide information for you, as well as meet your bookkeeping obligations. Cloud accounting, such as Xero and QuickBooks Online, are so much quicker than traditional desktop systems like Sage and QuickBooks, or even spreadsheets, it is definitely worth investing some time figuring out which would be best for you and your business.
Scenario: £200-500k turnover business with an average of 150 transactions per month
What's included: Bookkeeping package with Standard Xero & Dext software packages
Top & Tail Bookkeeping
£100 per month
£175 per month
£150 per month
£265 per month
Prices shown above are typical for the scenario displayed and exclude VAT. Prices will vary dependant on size of company, overall transaction amount and Xero package choice.
Take a look at our packages here. Each package can be tailored to your business, just give us a call on 023 8000 1313 and let us know what you require and we will do our best to created a package that is best suited to you and your business.