Bookkeeping & VAT
The role of a bookkeeper is important, as their output often serves as the legwork for preparation of management or statutory accounts. The difficulties often faced by entities without a dedicated finance department, include misclassifications and errors, as well as the need for constant oversight, which ends up being detrimental to business development.
Our service can free up the time of business owners, or just provide a more cost-effective alternative to hiring in-house staff. The rapid advancement in cloud-based software has made this a more popular option too. We are happy to discuss your different software options, as well as taking care of data migration from any other system you may currently be using. Our current bookkeeping clientele are subscribed across the below cloud-based packages:
- Xero
- Quickbooks
- Sage
- Oracle Netsuite
Information sharing and document retention (especially important for management information or external investigations) can also be simplified when using a cloud-based package.
For bookkeeping clients that are VAT-registered, we also take care of VAT submissions. We can provide guidance on the steps required to be compliant with ‘Making Tax Digital’, as well as the pros and cons of registering with different VAT schemes.