Paul Tatt Bookkeeping Services
can offer your business a money efficient self employed bookkeeper, you pay just for the service that you require. Listed are the services that can benefit your business.
General Bookkeeping
All bookkeeping is processed using software from Microsoft Excel spreadsheets to full accounting programs dependent on the type of business. For the sole trader all that is required is a list of income and a box full of expense receipts together with bank statements and cheque stubs.
Sales Ledger Invoicing
It is important that Invoices are sent out to your customers promptly to assist in your cashflow and for you to set the credit terms ideally printed on the Invoice.
Credit Control
Cash is the life blood of your business and no one likes to be kept waiting for their money. A procedure can be put in place to regularly but politely contact your slow payers. Good customer relations are key to a successful business and by using a third party takes away any awkwardness.
Customers & Suppliers
A detailed customer and supplier aged report is an important tool to keep track of monies owed to you while keeping tabs on your purchasing and payments out. These reports are an essential aid to help with cashflow.
Management Reports
Every month a Profit & Loss, Balance Sheet and Cash flow statement will be produced to enable you to see how your business is fairing. I can go through these reports with you to help your business.
Annual Accounts
If you are self employed or a partnership, annual accounts are prepared with self assessment returns, however, you may wish to use an accountant to work out your tax computations and self assessment. This would depend on the complexity of your business affairs.
If you are a limited company, annual accounts are prepared with minimum work for your accountant to assess corporation tax and filing of accounts to Companies House.
VAT Returns
VAT returns are prepared quarterly. Each month you can see how much is due to HMRC or owed to you via the management reports.
Bank Reconciliations
This is an important aspect of bookkeeping to ensure that all entries have been recorded from your bank statement and to make sure that any errors are corrected.
Payroll Services
A dedicated Payroll Bureau is used to set up and provide your employees with payslips which can be sent by email or posted to you. Payroll can be run weekly or monthly and employer reports are generated to include PAYE calculations. New government legislation means that the software is updated ensuring that the correct tax is being deducted. End of year reporting and annual returns submitted online. Benefits in kind (P11D) made to Directors' and employees are prepared and submitted to HMRC.
Bookkeeping Fees
My fees are based on an hourly rate of £20.00. After our initial free consultation a quotation will be prepared for any bespoke work involved.
Alternatively for on going work a schedule of work and a fixed monthly package will be agreed with you. This method will help budget your costs and provide you with an efficient bookkeeping system. Monthly fees to be paid by direct debit.
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