Bookkeeping & VAT

Bookkeeping is the nuts and bolts of accounting. It is where the raw data – invoices and receipts are entered into an accounting system – manual or computerized – and checked against the bank statements. It is time consuming and demands attention to details. If it is done well, then it greatly assists in the process of preparing the accounts. If done badly though, it may be simpler (and cheaper) to send us a bag of receipts!

VAT

VAT is a complex subject even when you deal with it all day in your professional capacity. We can help guide you through the maze of rules, prepare you VAT returns each quarter and check them if you prepare them yourself. You may want to think about whether to register for VAT at this stage of your business or maybe the fixed-rate VAT scheme is suitable for you. Just phone us to ask for advice.

Systems & Training

Setting up a good systems is crucial and we would be very happy to advise you on something that works for you, leaving the rest of the accounts preparation process to us at HFM. We can offer training in whatever system you choose, from a simple manual cashbook, to a customized spreadsheet (which we can provide for you), or a computerized accountancy package or on-line system.

Choosing suitable software

Accounting software makes keeping records and providing financial information much more efficient. But you need to buy the right product and set it up properly. We have years of expertise in doing this and a small investment can save a huge amount of wasted time.

KashFlow

We have teamed up with the award-winning on-line bookkeeping package, Kashflow, to offer you a reduced rate to their system. You can access it through the link on the left of this page. Try it free for 60 days and if you like it, sign up.