We strongly believe that the ‘’Real- Time Accounting’’ is crucial to succeed!
We are able to adapt our accounting and internal audit procedures to fit the individual needs of our clients, rather than sticking rigidly to one process. This principle underpins our accounting and audit approach, which you can expect to be tailored to suit your needs and those of your business.
We provide real time online accounts with up-to-date accounting information about how your business is performing on a monthly/quarterly basis for all our clients.
Management Accounts and Information-(Real –Time Accounting)
We will be providing real-time, operational accounts with clear, up-to-date information on your profit and loss, payroll, cash flow, PAYE, VAT and tax liabilities. Its insightful analysis shows you exactly how your company is performing – To make decisions to drive your business forward.
Traditional accounting systems use historical information, so you only find out how much profit or loss you’ve made and what your tax bill will be once your trading year is complete and your accounts finalised but for decision making process we provide real time accounts with up-to-date accounting information about how your business is performing.
Our management accounts and information services include.
Monthly management accounts, includes Profit/Loss and Balance Sheet
Recommendation for improvements.
Actual and Forecasted Cash Flow.
Estimated Tax Liabilities.
Actual performance compared to budget and/or comparative periods.
Costing & Margin information
Annual Year Accounts & Statutory Declaration
We will prepare your year-end accounts and sent to the Bank, HMRC, Companies House etc, so that you can forget them and concentrate on today’s issues.
We will send your draft accounts to you within 5 working days, provided you have supplied us with the information we require in the timeframe we agree.
Your accounts will be explained to you in plain English so that you understand them but, more importantly, we will highlight issues that could become real problems if not properly addressed.
Internal Audit & Assurance
A comprehensive audit service which keeps pace with audit legislation and accounting standards. This ensures that the directors and shareholders of the Company receive an independent view of the financial position and provide positive input into the running of the company. We also conduct reviews of VAT and PAYE procedures to ensure compliance with current legislation.
Our main areas of focus are setting up a new internal audit function and advice on the design and implementation of improvements to address deficiencies or gaps in processes and controls that have been identified as a result of an internal audit-monitor project or an internal audit risk assessment.