BOOKKEEPING
by Applegate Accountants, Cheshire

If your business needs book-keeping and your in cheshire we can help, you may not need a full time employee to do this. We can take the strain from you by doing your book-keeping enabling you to concentrate on running your business.

We will discuss with you your specific requirements and then set up appropriate book-keeping procedures and controls and ensure your accounts are kept fully up to date.

We can work on a weekly, monthly or quarterly basis. We will either prepare the work at our office in Frodsham, Cheshire or visit your premises on a regular basis to carry out your book-keeping.

We can provide regular management accounts which can be vital to the continued success of your business by keeping you informed on essential matters, such as cashflow, profitability, credit control and budgets.

You will need to keep records of your financial transactions for several practical reasons You need to know how well your company is performing, whether you are loosing or making money.

Who owes you money and who you owe money to. Keeping up to date records gives you a reasonable reasonable idea of your company's financial position.

You need to show the taxman, bank manager and any investors how things stand within the company. You are required by law to keep to all the documents - bills and receipts - which form the basis of information on your tax return for six years. This includes petty cash records, bank counterfoils, and goods in and out records.

You will need to keep an eye on you turnover, precisely, especially as you start to grow. For example if your turnover exceeds a certain amount in a twelve month period then you are obliged by law to register for VAT. Failure to comply can result in fines.

We can also advise you on book-keeping packages for Cheshire buisnesses if you wish to do your book-keeping in house. Accurate book-keeping is essential to any business.

 

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