Do you know what you can and can't put through in your accounts? Keeping your books accurate and up-to-date can be time consuming and is often the last thing you feel like doing, but it's essential for all businesses, whether you're trading as a limited company or a sole trader. The Book Monitor offers a full bookkeeping service enabling you to free up your time so you can concentrate on running and growing your business, or spending more quality time wit your family. 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. Having accurate bookkeeping records maintained regularly will save you time, save you money and could ultimately make the difference between success or failure.
Frequently Asked Questions:
Q: Why should I use a bookkeeper to maintain my company accounts?
A1: Using a qualified and licenced bookkeeper to maintain your company accounts ensures that the person maintaining your books has been properly trained and knows how to maintain your accounting records accurately. This in turn ensures that the chances of mistakes or errors occurring is dramatically reduced.
A2: Using a qualified bookkeeper will also ensure that your accounting records show you useful and relevant information when you look at them.
A3: Using an experienced bookkeeper could also help to reduce your tax bill and your year end accountancy bill as the information for your year end accounts will be accurate and will already contain a lot (if not all) of 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.