There are by law, requirements to keep certain financial reports relating to whatever kind of business you run. In addition to these requirements, there are also benefits to be gained from keeping such records like; having at hand figures to back your business up, being confident in paying only what tax you owe, submitting correct VATand TAX returns and being in control of your companies finances helping you to make the right business decisions.
At present, there is a legal requirment to retain certain financial records for six years.
The format in which you record your companies figures can vary from business to business and also the level of account records and bookkeeping.
Such details can be kept on paper just as well on computer based systems; however what?s important is that such records are kept accurate and up to date.
Penalty costs can be incurred for not only incorrect records, records not present to back up certain statements made, but also for late filing.
Most companies will require a suit of office based software to accommodate their daily requirements and administration needs; from writing letters, producing invoices to keeping records.
It therefore makes sense for companies starting up to manipulate such applications to keep their company accounts and bookkeeping; whilst becoming confident in understanding how to keep and maintain such records.
We will use such applications to meet your companies bookkeeping and record keeping activities, in a way which you will easily adapt too, to keep and maintain yourselves once you are ready to undertake.
Therefore you will be able to continue such matters yourselves without having to go to the expense of implementing expensive account keeping software solutions and training, until your business demands require such.
We offer Professional Business Services and Provide Bookkepping Services