Bookkeeping

Every business needs to keep accurate records. Without them you will not know how well you are doing. You will not be able to produce your annual accounts and any VAT returns. If that is not enough to persuade you then it is now a legal requirement. You could be liable to a penalty of £3,000 if you fail to keep records.

If your records are poor then it takes longer to draw up your accounts at the end of the year. This will mean increased accountancy bills. Even though when you set up in business you have very little spare time, you should always make time for book keeping. If you cannot afford the time, hire someone to help you. Once they have set up a good system you may even be able to take it over yourself once things are more settled.

Many businesses now choose a computerised accounting package. Used carefully they can be a Godsend. However unless you broadly understand what they are doing then you can get into a real mess. We have developed our own package - WebsterAccounts - which is designed to make it quick and easy for you to maintain your business records.

For many accounting practices this function is the core of their business. Although it is not a core service we do offer the clients the option of letting us help with your bookkeeping.

Occasional Help

Occasionally you may need help with clearing a backlog of bookkeeping - especially if you have been busy. We have a bookkeeper in-house who can help enter your transactions when required.

Helping Growing Companies

If your business is growing very quickly then you may not be able to deal with the administration. We have significant experience in helping such companies. For one Cambridge business we began by doing all the bookkeeping whilst the business was still based in the University. We also reported to the directors - as they had no Finance Director. As they took on an administrator we trained her to follow our systems and began to prepare monthly management accounts. They raised £6m in funding and recruited a Finance Director who took over the reporting to the Board. Finally they recruited an accountant in-house to deal with all their bookkeeping and we ensured a smooth transition. We now help with preparing reports, SMART Claims etc.

Regular Bookkeeping

For some people the thought of bookkeeping is too depressing to contemplate. For these we can recommend a bookkeeper/accountant who works with us on a regular basis. We are gradually expanding our list of such people. We retain overall control of quality and prepare the final accounts and tax computations. Click here for free Bookkeeping Advice.

To find out more about our Bookkeeping Services, please call us at +44 (0)1223 507080 or email at info@tax.uk.com