Bookkeeping is the input of transactions into your accounts that underpins your entire accounting system and trial balance. This is incredibly important, but also very time-consuming, especially for the busy business owner. We can sort your everyday bookkeeping requirements to ensure that your accounts are up-to-date and ready for planning.
If your business hits the VAT registration threshold for turnover, you’ll need to register for VAT with HMRC and submit quarterly returns, ensuring that you abide with Making Tax Digital requirements. If this is a daunting prospect, we can get you setup for VAT and begin making submissions on your behalf, before providing you with the VAT payable, or refund!
Every sole trader or partnership needs a set of accounts, mainly comprising of a Profit & Loss. We can computate your bookkeeping transactions and form your profit and loss for you, ready for easy submission on your Government Gateway account!
Limited Companies have far more stringent requirements for their end of year reporting, especially based on turnover. We’ll compile a Profit & Loss and Balance Sheet from your trial balance, ready for corporation tax submissions and Companies House submission!
Ahh, those pesky purchase invoices. Not the first thing you look forwards to seeing in your inbox. If you’d prefer, FieCo can process these on your behalf! We’ll take the invoices, match them to your POs and add their transactions (with correct VAT codes) to your accounts. Following this, we’ll provide you with a monthly report on recommended payments based on the invoice due date.
Sales invoices are vital to bringing funds into your accounts, however, producing and chasing for payment can be time-consuming – especially when you want to be working on your future revenue! We can take this off your hands and produce legally compliant sales invoices for your customers.
Supplying your goods to the European Union? If so, quarterly you may be obliged to complete an EC Sales return, which takes into account the different purchases and sales to the EU only. We’ll get this return sorted when it comes round every quarter!
As a business owner, you’ll be used to plotting out your business’ future, and deciding which opportunities to pursue. Management accounts covers a huge range of business reports, from profit margins on your stock to net present value, to see if you’ll get a return on your asset purchases. We can prepare these on your behalf, presented monthly in a neat report!
Similarly to Management Accounts, it’s difficult to plan for the future of a business when you don’t know your future outgoings and income. We’ll prepare cash flow forecasts for you weekly, monthly or quarterly so that you can be sure of the future direction of your business!
With current Making Tax Digital and accounting legislation, having your accounts professionally processed on accounting systems has never been more important. We’ll setup an Accounting System, and provide usernames for you to access your data. We’ll then provide training when you get started!
Have a couple of questions about accounting? Not sure about how the latest legislation impacts your business? We’re available by email and phone for our clients, and will answer any questions you have. We’ll also provide monthly updates on any relevant changes with accounting law.
need a little more convincing? Take a look at the links below to find out more about us!
It’s lovely to virtually meet you, and we really hope to work with you on your project in the near future! FieCo doesn’t only offer Web Design, Marketing & Accountancy built for small businesses. We offer a down-to-earth, friendly service.