Fundamental to the accuracy of any accounts is precise, timely and correct book keeping. Accurate financial records are vital to:

• meet your statutory obligations to the HMRC
• monitor and control your finances, and help you manage your business
• produce your final accounts efficiently and correctly resulting in a saving in accountancy bills

Furthermore, the Companies Act places a duty on the directors of UK companies to maintain proper books of account in order that these records can disclose with reasonable accuracy the financial position of the business.

Book keeping is the main annoyance for many small businesses. Because records of business transactions must be kept in good order for the HM Customs and Excise and HMRC, an auditable system of book and record keeping has to be maintained. This can be very time consuming and at the same time tedious!

We offer various services, tailored to suit your needs and resources:

• pass all of your records to us to update on a computerised
  spreadsheet or accounting package
• we can help you to choose, install and set up your own computer
  
  package so that you maintain your own books
• we can help you to create a paper-based or spreadsheet system
  tailored to your business and for you to use to record financial
  transactions

Once financial information is compiled, we recommend that a qualified accountant is appointed to compile financial reports and to interpret trends reported. Furthermore financial statements (whose format and contents are specified by the Companies Acts) must be lodged at Companies House within ten months of the company's financial year-end.