Accounts Preparation

Preparation of accounts is a core part of our services. We provide several approaches to make the process easier for you. Information can be emailed or posted to us, we can come to your premises, or simply call in at one of our offices to have a chat and drop your records to us.

Annual Accounts

Annual accounts are essential in order to satisfy the requirements of HM Revenue and Customs, however they also provide you with an overall picture as to how your business is performing. They enable you to compare your business year by year and can help identify areas where improvements could be made. Annual accounts will also be required by banks, finance companies and investors if you need to raise capital or simply arrange overdraft facilities.

Whilst annual accounts may be all that is required to satisfy statutory regulations, we would recommend that management accounts are produced in order to help you make informed decisions regarding your business.

Management Accounts

Up to date financial information is the key to the smooth running of your business. We offer monthly or quarterly management accounts to enable your business to react and forward plan appropriately. We will explain the information provided in relevant terms and identify key areas where improvements in performance could be achieved. In addition management accounts provide reassurance to clients who employ financial directors, as they will provide detailed information on the performance of those people.

Management accounts highlight errors such as unclaimed VAT, supplier overpayments and mis-postings on an ongoing basis rather than being discovered when the year end accounts are compiled, by which time it might be too late to rectify.