AFFORDABLE ACCOUNTING
SERVICES IN RUSHDEN & ONLINE
Our Services are listed below: We aim to ensure that we take your accounting load off your mind and shoulders so you can focus on running your business. We like to say that we make you feel like you're running your business on 'auto pilot' as far as all matters to do with accounting are concerned.
​MANAGEMENT ACCOUNTS (Monthly/Quarterly)
Management accounts is about planning and control to check things are going to plan. So needs regular reviews. As such reviews longer than quarterly are not recommended)
⇒ Profit & Loss budgets including review with client
⇒ Cash Flow forecast including review with client
⇒ Profit & Loss actuals with variance analysis, including review with client
⇒ Cash Flow actuals and forecast with variance analysis, including review with client
⇒ Balance Sheet: Ratio analysis - Analysis of Balance Sheet items - what external stakeholders eg lenders and suppliers pick up when they analyse your Balance Sheet.
Charge
⇒ £250.00 per month
⇒ (10% discount for first reporting period for new clients)
⇒ (free 3-month trial for new clients who have signed up for Bookkeeping services)
BOOKKEEPING
Sales Ledger Control
⇒ Raising Invoices and Credit notes & despatching to customers
⇒ Chasing payment of due invoices
Purchase Ledger Control
⇒ Posting supplier Invoices and Credit notes
⇒ Supplier statement reconciliation
⇒ Supplier payment run preparation
Bank Reconciliations (Via Bank Feeds)
⇒ Bank, Credit card, Paypal, Petty Cash
Payroll Reconciliation: Journal extraction from Payroll & posting
Vat Reconciliation: Report run, checking & submission to HMRC
⇒ £150.00 per month
⇒ (10% discount for 3 months for new clients)
⇒ (We usually upload data once a month, so for small businesses with few transactions it could translate to quarter day or half day charge per month. We use AI driven software for data entry which means we can be quite fast and accurate. We share these cost savings with our clients.
GENERAL LEDGER ACCOUNTING
(Monthly, quarterly, half-yearly, annual)
Tasks
⇒ Period end adjustments: Prepayments, Accruals, Deferred Income, Accrued Income, Depreciation
⇒ Balance Sheet reconciliations
⇒ Supporting Schedules for Balance Sheet items
⇒ Fixed Asset Register
⇒ Draft Profit & Loss and Balance Sheet
Charge
⇒ £200.00 per month
⇒ (10% discount for first reporting period for new clients)
FINANCIAL REPORTING (Annual)
Tasks
⇒ Profit & Loss & Balance Sheet statements + Corporation Tax computations & filing (HMRC & Companies House)
Charge
⇒ £1,000.00 + vat per annual return (Year end + Corporation Tax)
SELF-ASSESMENT TAX RETURNS
Task
⇒ Self-Assessment Tax Returns (Normal returns - Self Employed, Rental, Dividend, Shares, Capital Gains)
Charge
⇒ £150 per return (tax year)
PAYROLL SERVICES
Task
⇒ Weekly or monthly payroll summaries & HMRC RTI submissions
⇒ Payslips
⇒ Auto Enrolment Pension returns
⇒ P45/ 46, other payroll related documentation
⇒ Payroll Year End submissions and P60 despatch
Charge
⇒ £250.00 per year - 1 to 5 employees
⇒ £500.00 per year - 6 to 10 employees
AFFORDABLE SOFTWARE SOLUTIONS FOR YOUR BUSINESS
Sageone Cloud Accounting - Limited Company
⇒ Function: Bookkeeping, Statutory reporting (VAT), Financial reporting
⇒ Charges: £24.20 per month
Sageone Cloud Accounting - Sole Trader
⇒ Function: Bookkeeping, Statutory reporting (VAT), Financial reporting
⇒ Charges: £12.00 per month
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Sage Payroll
⇒ Function: Payroll - Payslips, HMRC filing, P45, P60, Payroll reports: 1 - 10 employees
⇒ Charges: £10.00 per month
Sage Payroll
⇒ Function: Payroll - Payslips, HMRC filing, P45, P60, Payroll reports: 1 - 5 employees
⇒ Charges: £5.00 per month
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GENERAL LEDGER
“Farouk is a capable bookkeeper with an ability to reconcile complex controls and accounts. He is hardworking and trustworthy.”
- David R.