Bank Reconciliations  -

Ensures nothing is missed and every transaction is recorded correctly.

Don't forget to keep track of every penny you spend solely for your business.

Expenses bring your profit down.

Less profit = less tax to pay.

Cash Book -

A record of every receipt and payment you have made.

General Ledger -

The general ledger contains the summary of all transactions needed to prepare end-of-period financial statements. This ledger provides the basis for preparation of the company profit/loss statement and, finally, the balance sheet.

VAT Returns -

Your vat return calculated and submitted at no extra cost if we do your bookkeeping. (Unfortunately you will have to pay your own vat!)

Sales & Purchase Ledgers - records all your sales and purchases.

Control accounts also record customer payments received and supplier payments made.  

They enable you to see at a glance how much your customers owe you and how much you owe to your suppliers.  Individual customer records allow you to see which invoices are overdue and require chasing up.  Individual supplier records allow you to see which suppliers are due for payment. All this helps you to keep your cashflow running smoothly.

All accounts prepared to trial balance -

A list of every separate account in the general ledger.

All accounts have either a debit or a credit balance and both these columns should be of equal value.

Profit and Loss / Balance sheet -

This report takes the total amount of income less all expenses and gives you a net profit or loss.

Balance sheet- a summary of your businesses assets and liabilities.