Services
(click to expand sections)
Sales Ledger
- Production of Sales Invoices
- Making sure VAT rates are correct
- Ensure prices are correct
Purchase Ledger
- Manage supplier invoices
- Take advantage of any discounts offered
- Pay suppliers on time in order to build up a credit history
Credit Control
- Chase up outstanding monies
- Resolve queries on disputed invoices
Bank Reconciliation
- Check all receipts are received and payments made
- Management of Cashflow
Vat Returns
- Ensure Vat Returns are completed correctly
- Cash Accounting/Standard Accounting
- Ensure correct Vat codes are used
- HMRC Vat Inspection completed
Expenses/Credit Cards
- All business expenses need to be recorded
- Bank accounts need to be reconciled
- VAT can be claimed if VAT receipts are produced
Petty Cash
- All expenses need to be recorded
- Bank account needs to be reconciled
CIS Returns
- CIS Returns completed correctly
- Management of Contractors
Management Accounts
- Profit & Loss Accounts
- Sales Forecasts
- Identification of overspends
Budgets
- An estimate of income and expenditure for a set period of time
- Analysis of the break-even point
- Future business plans
Cashflow Statements
- Analysis of monies due in and payments out
- Ensure you have enough money to pay HMRC
Payroll
- Complicated area
- Includes tax codes, RTI Submissions etc.
Auto-enrolment
- Experience of setting up auto-enrolment scheme
- Every company should have a scheme or know when their staging date is