Bookkeeping

Bookkeeping is all about record keeping and how accounting ledgers are maintained i.e. Cash Book, purchase day book, sales day book and General Ledger for other expenses.

We offer the book keeping services to our clients to make sure that the hassle of analysing the invoices and keeping financial records up to date. Some of the examples of the bookkeeping are;

  • Preparing and maintaining cash book, analysing invoices, analysing cheques and bank receipts and payments.
  • Preparing quarterly bank reconciliation statements and reconciliation of other control accounts.
  • Processing VAT invoices.

The two common types of bookkeeping methods are single entry book keeping and double entry book keeping. Single entry means that income and expenditure is recorded in an income and expense journal. Double entry means that posting the invoices twice i.e. using the debits and credits.

Businesses and corporations are required by law to maintain their tax records. Any non-compliance with this legislation would trigger penalties from HMRC.

Require more information?

If you would like more information or would like to speak to us direct then call us on 0208 558 6999. Or if you would prefer, ask us a question online.