Bespoke Bookkeeping services Surrey

Bookkeeping Services

We take care of your bookkeeping by doing the admin side of your finances. Organising the daily financial transactions of your business and managing the financial data of your company is our bread and butter. Ensuring every pound is where it should be we use MTD compliant software so our clients comply with the current Making Tax Digital (MTD) regulations.

Our services can include:

Issuing sales invoices or simply recording them in the cloud accounting software
Data entry of your direct costs (purchases / cost of sales)
Recording your expenses paid for by petty cash
Keeping a records of your assets
Record business expenses paid for by your personal credit cards or bank accounts
Prepare and file your monthly or quarterly VAT returns using cloud accounting software
Run reports on your sales invoices due for payment for credit control purposes
Report on your supplier payments due for cash flow purposes
Run regular reports including a profit and loss report and balance sheet, all based on the information provided by you for your financial records

Why choose Books and Business to be your Bookkeepers?

Keeping on top of your bookkeeping is important for your business and your cash flow. Having an extra pair of hands can help you to record more accurate financial information about business. It also provides correct cash flow reporting which gives valuable information on which of your revenue streams work and which don't.

Recording your financial information using a cloud accounting system such as QuickBooks or Xero can be valuable, particularly if you are looking for a business loan or speaking to an investor.

The cloud accounting systems Books and Business use allow us to upload your receipts / purchases directly to the financial software. This means there is a digital copy of these documents making it simple to access any relevant backup paperwork to support your financial transactions at the click of a button.

A bank reconciliation is one of those lovely jobs that can take up a huge amount of your time, particularly if it doesn't balance the first time! But it is the most important part of bookkeeping because if you are not keeping a close eye on your money in and out, including any debts, you could easily lose track of how profitable your business is. At Books and Business not only do we ensure your `bank reconciliation is correct we also take on many clients who need help sorting out errors and missed transactions on their bank reconciliations.

What happens next?

At Books and Business we believe an initial face to face meeting is important as it helps us to understand you and your business as well as what your individual Bookkeeping needs are. Firstly we will listen to your needs and how much bookkeeping assistance you need, we offer a variety of bookkeeping services from an initial set up, to weekly visits as well as ad hoc and ongoing training.

We offer a number of packages to suit every budget and type of business, ensuring all our clients are MTD compliant.

Call or email us for more information or fill out the contact form below:

Contact Us

GET IN TOUCH

07483 388 319

admin@booksandbusiness.co.uk

Lower Kingswood

Tadworth

Surrey

KT20 7EB

Plans for ID verification from Companies House

by PH186232 • 22 Oct, 2024

Starting in early 2025, Companies House will begin rolling out new identity verification requirements for company directors and persons with significant control (PSCs). This means that, in the future, before filing information on the Companies House register, directors will need to prove their identity. This change is designed to reduce fraud and improve transparency. The reforms are part of the Economic Crime and Corporate Transparency Act 2023, which aims to combat fraudulent activity. As part of these reforms, accountancy firms and solicitors registered for anti-money laundering (AML) supervision will be among the first required to comply, starting in early 2025. By spring 2025, accountants and other professional service providers, who are registered for AML supervision, will be able to become authorised corporate service providers (ACSPs). This means they’ll be able to help clients verify their identities and pass that information on to Companies House. By autumn 2025, these new ID verification requirements will be mandatory for new directors and PSCs when setting up a company or making new appointments. If your business already exists, you will have a 12-month transition period until autumn 2026 to ensure your directors and PSCs comply with these requirements when your next confirmation statement is due. This is a significant change, therefore it’s important to stay ahead of these requirements to avoid any disruptions to your business.