Why Bookkeeping is Good Value

Special Bookkeeping Rate

We currently have a bookkeeping special offer of £10.00 + VAT per hour for Sole Traders or single Shareholder/Director Limited Companies.

A Bookkeeping Service is good value for several reasons.

Save on Accounting Fees

Take a typical small family business, maybe up to 5 employees, turnover say £0.5m to £1.0m. The typical accountants fee could be £3,000 if the records were kept to Management Accounts standard.

When will Year End Accounts be prepared? Usually up to 6 months after the year end. By this time this critical business information will be well out of date, and possibly too late to react to it.

Could the accounting fee budget be spent differently?

If £150 per month was spent on bookkeeping, total £1,800, and the bookkeeping quality was at draft accounts standard (rather than trial balance) then it might be possible to negotiate the accounting fee to £1,000.

We would be able to accommodate this type of change in the budget.

Management Accounts and Reports

With a Bookkeeping Service you will receive monthly reports which you can specify, including Profit and Loss Account, Balance Sheet, Cash Flow, Margin, Aged Debt and Unpaid Bills.

This regular business information could be critical to making the right decisions and growing your business.

VAT

Preparing VAT returns is not necessarily the same as bookkeeping to a high standard. There are quite a few more things to consider when producing Accounts, which a good bookkeeper will understand and include in the service.

Our Accounting and Bookkeeping webpage is a guide to the extra work done by accountants and bookkeepers.

What are Bookkeeping and Accounting ?