General Services Be it daily, weekly, monthly, quarterly or annually. We regularly performed, bookkeeping services, enlightened data entry, monthly reporting, quarterly VAT Return and accountancy services, such as annual returns and corporation tax return filing.
Recording of Financial transaction, and accounting compliance. We undertake full reporting of financial management. Monthly, bi-monthly or quarterly trading profit & loss reports, balance sheets, budget analyses and job/project cost accounting. Accountancy Services, annual financial statements and audit preparation & liaison. Production, filing of annual financial statements, and corporation tax returns. VAT Return. Production of your VAT Return, VAT Recovery or VAT Advice and supervision of VAT inspections. Accounts payable and receivable management. Creditor and debtor account reconciliations, payments management and debtor account statements. Credit control, Cash flow monitoring and forecasting. We will chase outstanding accounts and improve your collection ratings. Avoid those unexpected bank charges with regular cash flow monitoring. Accounting and administrative system consultancy. We can review, recommend and support in all your business system requirements, including help in migration, training and support. | Learn more about: Some Jargon Explained: Asset – Anything owned by an individual or a business that has commercial or exchange value. Audit – An official inspection of the accounting records and procedures of a business, government unit, or other reporting entity by a trained and qualified accountant. Balance sheet – A financial statement listing the company’s assets, liabilities and equity on a specific date. Bookkeeping – the recording of business transactions. Break-even analysis – an analysis method used to determine the products or services that need to be sold to reach a break-even point in a business where revenue matches cost. Capital expenditure – Funds spent during a particular period to acquire or improve long-term assets such as property, plant or equipment. Cost accounting – The process of identifying and evaluating costs, frequently used as a managerial accounting activity to facilitate internal decision making. Financial accounting – The area of accounting concerned with reporting financial information to interested external parties/organisations. Financial analysis – The techniques used by accountants or financial analysts to determine the financial / monetary needs of a business. Fixed cost – cost that does not vary depending on production or sales levels, such as rent, property tax, insurance, or interest expense. Internal audit – an independent appraisal function established within an organisation to examine and evaluate its activities as a service to the organisation. Overheads – the costs associated with providing and maintaining a manufacturing or working environment. Ratios - are simply relationships between two financial balances or financial calculations. These relationships establish our references so we can understand how well we are performing financially. Ratios also extend our traditional way of measuring financial performance; i.e. relying on financial statements. Trial balance – a listing of the accounts in your general ledger and their balances as at a specified date. Variance analysis – the process of examining in detail each variance between actual and budgeted/expected/standard costs to determine the reasons why budgeted results were not met (eg, sales prices being too low). Year-end – The end of the financial year. Zero-based budget – where the expenses or costs of the prior year are not taken into consideration when establishing expense or budgetary levels looking forward.
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