Bookkeeping is the recording, on a day-to-day basis, of the financial transactions and information pertaining to a business. It ensures that records of the individual financial transactions are correct, up-to-date and comprehensive. Accuracy is therefore vital to the process.
Bookkeeping provides the information from which accounts are prepared. It is a distinct process, that occurs within the broader scope of accounting.
Each transaction, be it purchase or sales, must be recorded. For each transaction, there must be a document that describes the business transaction. This could include a sales invoice, sales receipt, or supplier invoice.
Yet in the current business climate cutting cost and improving efficiency is key. Bookkeeping is often overlooked by many businesses, only to be regretted at a later date.
More than ever, HMRC is chasing companies for tax and cracking down on non-payment, whatever the reason. With VAT going digital in 2019, it is even more important that businesses keep their books up to date and tax affairs efficient.
Numbers2Knowledge offers a complete bookkeeping solution, including:
– Stock Control
– Sales Ledger
– Purchase Ledger
– Nominal Ledger
-Debt control (Monthly Statement)
We speak to HMRC and other authorities on your behalf (if you want us to) and present all information in a straightforward, jargon-free way, to give you a clear view on your company’s performance.
If need be, we can then talk through any relevant issues to help you achieve continuing success.
Choosing to work with a bookkeeper can be a daunting task, that’s why we offer a free, no-obligation consultation at your home or workplace, at a time to suit you.
Just get in touch to get the ball rolling and take the first step to having brilliant books!