Accounting & Bookkeeping service

For every startup, medium, large or small scale business firms accounting and bookkeeping systems play a vital part to achieve their target. This system not only helps them to grow financially but also helps them to know whether their business is running in a profit or loss or no loss no profit. 

Now say about accounting, this system of analyzing and keeping a recording of all financial transactions helps the firms to know their balance sheet thoroughly which helps them to take business decisions very tactfully.

Now say about bookkeeping, this system is an initial stage of accounting because in here all the day to day business transactions or operations is recorded then it shows what types of services or products business firms are having and the main part of bookkeeping is that it consist 2 types of system one is single-entry bookkeeping and other is double-entry bookkeeping.

Single Entry bookkeeping means where one entry is made for each transaction in the book like in a cash book. This system is mainly found in small-scale business firms or sole proprietorship businesses.

Where double-entry bookkeeping means when each transaction affects the 2 sides of the accounts like debit and credit. For example, if I make a sale for £ 50, your cash account will be debited for £50, and my sales account will be credited by the same amount. In this system, the total sales amount should be equal to the total expense amount; this means the 2 sides of the accounts should always be balanced.

Now in the bookkeeping system, some important financial transactions are generally recorded like- Paye, Vat, Tax refunds, It service, etc which are all kept in SAGE, Clearbooks & Quickbooks accounting software.

Types of Services which we provide in Accounting and Bookkeeping and its fees:

• Dormant Annual return & filing service with Companies House & HMRC.
  Here what we charge is the monthly fee is £35 and the annual fee is £360.
• Business turnover services include (Annual return, preparation of financial statement & Corporation tax) up to £80,000 or below.
  Here the monthly fee we charge is £52 and the annual fee is £560.
• Business turnover services include (Monthly Bookkeeping report, Annual Report, preparation of financial statement & Corporation tax) up to £150,000 or below.
  Here the monthly fee we charge is £100 and the annual fee is £1180.
• Business turnover services include (Monthly Bookkeeping report, Annual Report, preparation of financial statement & Corporation tax) up to £250,000 or below.
  Here the monthly fee we charge is £195 & annual fee is £2360.
• Business turnover services include (Monthly Bookkeeping report, Annual Report, preparation of financial statement & Corporation tax) up to £500,000 or below.
  Here the monthly fee we charge is £275 & annual fee is £3110.

• Business turnover services include (Monthly Bookkeeping report, Annual Report, preparation of financial statement & Corporation tax) up to £ 1 million.
  Here the monthly fee we charge is £680 and the annual charge is £7900. Only in this case, the fee is negotiable [if the monthly Payroll support should be up to 3 employees then the monthly charge we take is £50 & annual fee £450. If the monthly Payroll support is more than 3 employees then the monthly charge we take is £70 & the annual fee is £750.]. Now for the VAT service Registration one-off system, our monthly charge is £90 and for the Quarterly Returns system our monthly charge is £90 and the annual fee is £350.

But the common thing for all the above services which we discuss is that “Filing service with Companies House & HMRC” is there in all of the above services.