Bookkeeping

Bookkeeping is a recording of financial transactions which includes sales, purchases, income and payments by an individual or organisation. It is imperative to keep good financial records so that inappropriate or poor business decisions based on inadequate or incorrect information are not made. MTP Accountancy Services can help you manage and grow your business so that you comply with your tax requirements.

What Do We Require From You?

Your accounts need to be filed by specific deadlines, so it is imperative that we receive your books promptly so that we can file them efficiently and provide you with accurate up-to-date information for all your business financial needs. Records can either be held by us or we can advise you on efficient method storage. Instructing MTP Accountancy to prepare your accounts will free up your time allowing you to concentrate on the important things.

Routine bookkeeping and accounting

By discussing your specific requirements we can set up appropriate accounting procedures and controls to ensure your accounts are kept fully up-to-date and in compliance with statutory regulations. The benefits of accurate bookkeeping are:

• Help calculate VAT due at the end of each quarter;
• Produce a profit and loss account for each month or quarter for analysing and monitoring company performance;
• Produce a tax liability account to clarify how much tax will be due;
• Produce forecasts to compare against actual monthly figures for forward planning such as evaluating who your most profitable customers/products are to increase profitability;
• Produce expense accounts to determine how to operate your business more cost effectively.

We can:

• Set up, improve or tailor your systems so that your book-keeping works efficiently and to the maximum benefit;
• Visit you on a weekly, monthly basis;
• Train you or your book-keeper to improve your knowledge and skills.

A fixed fee will be agreed before any work is undertaken.