Accounting and Bookkeeping Solutions
We help you to set up your accounting systems, repair your accounts if they have been messed up by another bookkeeper or accountant, reconcile your accounts, prepare your year-end accounts and tax returns, prepare monthly management reports as well as work closely with your external auditor to prepare your audited accounts.
Tax and Cost Efficiencies through
Professional Financial Services
Are you a busy business owner who does not have enough time and needs someone to release you from the pressures of bookkeeping? Are you a business owner who needs an experienced bookkeeper who knows what she/he is doing? Are you understaffed and need someone to reduce your workload on? Or, have your accounts been messed up and you need someone to repair them?
Why is bookkeeping so important? Bookkeeping is fundamental work that describes the financial dynamics of your business. Good bookkeeping means:
That your accounts will be prepared in timely manner and accurately for presentation to the Inland Revenue or HMRC for VAT purposes. Unexpected errors may be hidden in your year-end accounts if the accounts are not professionally done.
You can quickly perform financial health checks on your business and ensure business performance.
Early warning of fraudulent activities
Without the correct bookkeeping and the required background work, there is no way to achieve the correct sets of accounts.
Don’t make false economies by doing your own bookkeeping or retaining inexperienced or unqualified bookkeepers. Doing your own bookkeeping can be very time-consuming. Retaining inexperienced or unqualified bookkeepers can be disastrous resulting in costly rework or even penalties. Bookkeeping is not just about recording transactions but it is also about measuring and maintaining your business’s financial health as well as keeping the tax ‘man’ happy. All transactions must be posted to their correct ledgers and reconciled. Tax codes must be applied correctly.
It can be mortifying to discover mistakes uncovered months later by external auditors or tax officers. Examples of incorrect records are unpaid pro-forma invoices that have been included in VAT returns, credit notes that have been posted as invoices, loans that have been treated as expenses, the purchase of assets that is not capitalised, etc.
How can we achieve tax efficiency through bookkeeping? Bookkeeping must be done properly There are many causes of tax inefficiency. An example is the mis-posting and the omission of expenses which means the expenses are understated. This is normally because of inexperience in account reconciliation or negligence. Another example is overstating the closing stock, therefore understating the cost of goods sold. In both examples, your accounts will show higher profit than they should which can cause you pay too much tax.
Why Choose Us?
If you outsource your bookkeeping to us, you will have peace of mind, leaving you to focus on building your business. We can set up your accounting systems, reconcile your accounts, prepare management reports as well as work closely with your external auditors to prepare your final accounts. We will repair your accounts if they have errors; move incorrectly posted transactions to their rightful ledgers.
Sales And Purchase Account Reconciliation
Bank Account Reconciliation Including Paypal And Amazon
Other E-commerce Card Receipt Reconciliation
We have extensive experience performing accounts reconciliation, such as sales and purchase account reconciliation, bank accounts reconciliation, including Paypal, Stripe, Clear Pay, After Pay, Viva Wallet, Amazon Pay, Sezzle, Shopify receipts and other e-commerce card receipt reconciliation. We have worked in various industries including export and import, e-commerce, accounting services, real estate, and construction.
As well as English, we speak Chinese Mandarin. We are dedicated. Doing accounts correctly is our priority. Whether you need someone to set up your accounting systems or to repair your messy accounts, feel free to contact us.
As a fellow member of the International Association of Bookkeepers, we are kept up to date with bookkeeping information and we adhere to the code of conduct and ethics to keep clients' data confidential.
IAB Reg. No.287510
D. Blenkinsopp – U.K.
“Fransisca is very conscientious and diligent in her accounting work. She was able to help us in a last minute sprint to make our VAT submissions ensuring that reconciliation was correct and accurate. She also gave feedback on our accounts structure and recommendations on improvements. Thanks for your support Fransisca - very much appreciated! “
A. Davison – Hungary
"Working with Fransisca was absolutely fantastic. She was quick to deliver the company accounts and was extremely diligent and accurate with her work. As a bonus, she also helped me spot and fix a few issues with the way I was doing my bookkeeping in Xero which is going to make my life easier going forward! Thank you”.
J. Barnett - Australia
“A fantastic accountant / bookkeeper, cannot recommend highly enough! Fran is diligent, communicative, clear, professional, and very good at what she does. She has worked with us to get our finances in order and set up the business for success, and all with a smile and positive attitude. Absolutely brilliant, thanks, Fran!”
In conclusion, We are most familiar with Xero, Sage, and Quickbooks software applications. However, we can use whatever accounting software you use.