Bookkeeping and Management Information
Setting up your accounts system
To report how YOU want your management accounts to be reported, in a way that is relevant to your business, and creates key information for the areas of your business that are most important to you. Tailor-made reporting.
Maintenance of accounting records using Sage accounts and Microsoft Excel
To include processing purchase and sales invoices to the ledgers, creating sales invoices for your customers and sending either electronically direct from Sage or by post, ledger account reconciliations and monitoring, and resolving queries.
Credit control and debt collection
Staying in touch with your customers with regular statements and calls to chase outstanding amounts, reducing your debtors, thereby increasing cash-flow for your business. Handing over to a legal team where necessary.
Bank reconciliations, and bank account monitoring
Including credit card activities and reconciliations. I work at varying levels of bank access, from simple cheque writing to full bank access, paying by BACS, and transferring funds between accounts.
Cash Management & expenses claims
Recording petty cash and staff expenses, including mileage claims, and foreign currency processing. Keeping details for any P11d requirements, and providing current information on legality of claimable items and amounts.
Managing your creditors
By paying suppliers regularly, by cheque or BACS, and creditor account administration. Keeping your suppliers happy so you have no problems with stock acquisitions etc. Informing you of your current creditors balance & any issues.
Producing Management Accounts
As required weekly or monthly. This helps you to understand how your business is performing throughout the year, and not just when you get your year end accounts back from your accountant! This can include Profit & Loss, Trial Balance, Balance Sheet, Budget & Variance analysis, Job, Project and department costing. Monthly and annual comparisons, and any bespoke requirements.
Prepayments and accruals, wages, stock adjustments, Fixed Asset Register maintenance, and other month end journal entries as required.
Year end preparation - Ensuring your ledgers are tidied and prepared for the year end. Compiling any paperwork required for the year end such as Fixed Assets and Lease Agreements, etc. Liaising with your accountant to assist with smooth transition of information at financial year ends, ready for them to submit your statutory accounts to Companies House. Supporting you through an External Audit process, facilitating as required.