It goes without saying that what our clients want at the end of the day is some meaningful result from all their invoices, receipts, bank statements, etc. We can prepare the final accounts, including the Profit & Loss Account and Balance Sheet, for:

• Sole traders
• Partnerships
• Limited companies (to a draft stage, see below)

In addition to final accounts we can also assist with:

• cash flow projections
• monthly management accounts

As far as limited companies are concerned, by all means we can provide all the bookkeeping services at a very cost-effective rate (see FAQs) and we can produce year end accounts to a draft stage. However, the services of a firm of accountants will be required to finalise the accounts, deal with Corporation Tax and advise on the most tax-effective approach. They will also need to provide guidance on compliance with the plethora of statutory requirements associated with limited companies. We can liaise with your accountants and provide them with all the information they require so as to finalise your accounts speedily.

Some owners of limited companies may feel that it would make sense to get everything done 'under one roof,' i.e. to ask their accountants to do everything from start to finish. Whilst we recognise that scenario may have some advantages, in reality, however, the most cost-effective approach is to use a qualified bookkeeper in tandem with a qualified accountant. Not only are the fees of a bookkeeper considerably less, but a competent bookkeeper will also serve to keep the accountant's fees to a minimum, thereby saving the client money all round.