Keeping Records

We all need to keep financial records for a number of reasons. It could be that you need to fill in a tax return, complete a vat return or simpy claim benefits or tax credits. Whichever one it is, having a good record keeping system that is up to date will help you to:

• Keep track of your sales and expenses
• Show if you are profitable
• Ask for a bank loan or credit if you need to
• See at a glance what you are owed by others and how much you owe them
• Pay the correct amount of tax
• Receive the correct amount of benefits or credits
• Avoid paying any extra tax or penalties

Our computerised book-keeping service includes:

• Production of sales invoices & credit notes
• Sales & Purchase Day Books
• Bank Payments & Receipts
• Petty Cash
• Nominal Ledger
• Bank Reconciliations
• Vat Returns
• Monthly Statements to Customers
• Aged Debtor & Creditor Monthly Reports
• Profit/(Loss) Account
• Balance Sheet