Keeping your books up-to-date can be time consuming and is often the last thing you feel like doing, but is essential for all businesses, whether you're trading as a Limited company or a sole trader. The Book Monitor offers a full bookkeeping service thus enabling you to free up more of your time so you can concentrate on running and growing your business. The bookkeeping service involves maintaining your day-to-day accounting records, such as the sales and purchases ledgers, credit control, bank reconciliations and the general ledger. Accurate and regular bookkeeping will save you time, save you money and could ultimately make the difference between success or failure.
The Book Monitor can prepare your annual statutory accounts for submission to HM Revenue and Customs and/or Companies House, as well as preparing and filing your corporation tax return CT600. However The Book Monitor is unable to carry out audit work in order to avoid the ethical dilemma of auditing accounts we have helped to prepare.
Frequently Asked Questions:
Q: Why should I use a bookkeeper to maintain my company accounts?
A: Using a qualified and licenced bookkeeper to maintain your company accounts ensures that your books are being kept accurately and maintained correctly. This means that your accounting records will show you useful and relevant information whenever you look at them. Using an experienced bookkeeper could also help to reduce your tax bill and help to reduce your year end accountancy bill as the information for your year end accounts will be accurate and, if you use The Book Monitor, will already contain a lot (if not all) the year end adjustments that need to be made (such as payroll journals, depreciation, director's loan account transactions and all the ledger reconciliations). This will mean there is less work required in preparing your year end accounts, which should result in a lower charge for this work.