Preparing accounts for your business has two purposes:

• Providing statutory accounts that determine the tax you, or your company, need to pay
• Giving you the management information you need to run your business effectively and efficiently

While a simple profit and loss account may well suffice for a small self-employed trader, limited company accounts have a legally prescribed form that must be followed, with not just the numbers but also the relevant statutory declarations. We will guise you as the appropriate form that ensures you will not pay for more than you need.

At our first meeting we will discuss with you how much work you want to do in doing the bookkeeping and can offer a number of strategies to help you minimize the cost by doing more of the preparation yourself. Qualified and experienced members of our staff will then prepare the final accounts.

These accounts will however only tell you what did happen over the previous year. In order to run the business effectively you will need to know what is happening at the time in question …

• Are you being profitable?
• Who owes you money?
• To whom do you own money?

We can help you set up an appropriate system tailored to your own business and provide you with the management accounts you need to run your business effectively.