Bookkeeping is a vital part of running any business. It is a vital yet often overlooked part of running a business. Sometimes you can be so busy running your business that bookkeeping is neglected, often until a deadline approaches. Using a bookkeeping service can make sure that it is always kept up to date, and that your books are prepared thoroughly. This can save you money in late filing charges and interest and by ensuring you are claiming for all allowable expenses and allowances.
End of Year Accounts & Bookkeeping
At Assist-U Business services we can take the stress out of your end of year bookkeeping.
If you are a small business you are probably busy with the day to day running of your business. We can take the stress out of preparing your end of year accounts and leave you with more time for running your business or just relaxing with you family.
What Does Preparing End of year accounts involve?
Preparing your end of year accounts involves getting your accounts completed and checked, ready to be sent to your accountant.
We will process your bank statements, invoices and receipts and enter them onto a spreadsheet ready for your accountant. The spreadsheet will include summaries of your income and expenses.
How much will this cost?
We charge £20 per hour for our bookkeeping services. We don’t charge a set monthly fee as we don’t want it to cost you more than it should.
When you phone with details regarding your bookkeeping requirements we can give you guidelines to how much our service will cost for your business.
Day to Day bookkeeping
Some business, such as those that are VAT registered or with a higher number of transactions will need a more regular bookkeeping service. We offer a day to day bookkeeping service where we can help you manage your finances throughout the year.
Day to Day Book-keeping Services We Provide Include:
- Monthly Bank Reconciliation
This involves entering all of your transactions from your business account onto a spreadsheet and matching them with your receipts and invoices.
- Monthly Accounting
This involves entering all of your invoices, receipts and other transactions onto our accounting spreadsheet. We also provide a breakdown of all of your monthly expenditure and income so that you can see where and how you are spending your money.
- CIS Preparation & Returns
We will process your subcontractors invoices and calculate CIS deduction to ensure you pay the correct amount of tax on their behalf.
We can also file your CIS return for you and prepare and send deduction statements to your subcontractors.
- VAT Preparation & Returns
We can prepare your accounts ready for your VAT return to be completed. We have been working in the industry for over 10 years so we understand what you can claim for and how much you can claim. As part of your VAT preparation you will be getting your end of year accounts prepared, so at the end of the accounting year you can send it off to your accountant without all of the stress.
We can help you to file your VAT return. We can teach you how to do it yourself or file it on your behalf as a HMRC approved agent.
We can take care of your invoicing for you, if your business model would benefit from this. We can also provide custom invoicing templates, including VAT and / or CIS calculations, depending on your needs.