Record keeping is a fundamental and essential business practice. In fact, failure to keep proper company accounting records can disqualify you as a Company Director and result in a fine of up to £3,000 by HMRC plus an extra tax bill if the inaccurate records result in an incorrect tax return being filed.
With opportunity abound, many companies set their primary focus on growth and development, and rightly so. Bookkeeping and accounts management are resource heavy tasks that can take the focus away from what’s most important. Recent statistics indicate that nearly a quarter of a small business’ time can be tied up in bookkeeping tasks. This is valuable time lost, and time lost is money lost.
Fortunately we can help, BrooksCity is the ideal choice for companies looking to outsource bookkeeping or simply get a new bookkeeper. We offer a complete accounting and bookkeeping service that saves you both time and money.
What’s included in our bookkeeping service?
Our team understands that bookkeeping is a time consuming endeavour that puts a strain on small companies anxious to grow. Our priority is not only to get your books in order, but to ensure they remain that way. To keep your business compliant and growing, our bookkeeper services make sure:
- Your receipts detailing all money sent and received are catalogued and in order
- All assets are accounted for and listed in a concise manner
- All goods and services sold throughout the year are categorized correctly and accurately
- Inventory is accurately accounted for and readily available for review
- Year-end submissions to HMRC are ready in time, completely accurate and above board
- Your books and accounts comply in their entirety to the Companies Act
- Correct logging of who goods and services were sold to or purchased from
- VAT returns are filed correctly and on time
- Employee payroll is conducted in as efficient and streamlined manner as possible
- We work with all major accounting software and HMRC approved solutions
- Year-end statutory accounts and financial statements
Our devotion to accuracy combined with continuous access to your financial information can be an invaluable asset to making informed decision. Knowing at any time how much is owed from customers or if cash reserves are low so you can make the necessary adjustments in your day to day operations.
In addition your dedicated London bookkeeper will be on the lookout for potential available dedications which may help reduce the amount of tax you owe at year end resulting in extra savings for you.
In addition, as part of every service package we offer our client a free iOS app that includes a mileage tracker, receipt manager and direct access to our online portal among other things. This provides our clients with constant access to accounting information about their business and reduces the clutter of keeping paper records thanks to online bookkeeping.
We now also offer direct bank feeds which can save you the need to send us bank statements and even the ability to email takings directly to us from EPoS tills.
How much bookkeeping services cost?
We work based on a fixed fee that is agreed for in advance so you will always know what to expect before you sign on with us. The fee varies according to your monthly transaction volume and any additional services you or your company may need such as corporation tax, VAT returns, payroll, self-assessment, etc.
We are so confident that you will love our bookkeeping services that we offer a full money back guarantee. The “initial” guarantee is a thank you for putting your trust in us. This is a three month period during which you if you decide our firm is not the right one for you we resign and refund all fees charged to you. The “ongoing” guarantee is if we do not perform as promised in the service level agreement we refund the double of that month’s fee.
Why work with us?
Our care and understanding extend far beyond accounting and bookkeeping services. Our specialist accountants have a high level of expertise and can provide sound financial advice, business planning and industry-specific guidance to your challenges. All of our work is done in-house and we offer unlimited phone and email access to our team for any questions or just to say hi.
Our approach is always uniquely suited to your firm’s needs and many of our clients appreciate our gold standard, that is: maintaining up to date records, knowing at any time your liabilities and when they are due, knowing what is yours and when you can take it, and knowing how much tax is due and when.
Let our professional London accountants help with bookkeeping so you can get peace of mind and focus on what’s important to you and your clients.