As well as the services included within bookkeeping, our management accounts service can include various options such as a monthly or quarterly management pack, a review of distributable reserves and your ability to pay dividends where applicable, reportable benefits provided to employees, other than salary, which may need to be reported separately to HMRC. Helping you to develop clear key performance indicators for your business, as well as assisting with budgeting and cash flow forecasting so you are best-placed to take control of your expenditure and prepare yourself for future stability, or indeed growth.

It's our belief that year-end accounts should be prepared as soon after the year end as possible, providing you with a finalised picture of your business’ performance and allowing you to best position your business going forward. They may also be required to support income references and meet other reporting requirements.

As well as processing sales and purchase invoices, our service can include, but is not exclusive to, the following:

• Reconciling your bank accounts
• Sending you a breakdown of monies owed to and by your business
• Recognising fixed asset additions and posting monthly depreciation figures
• Reviewing expenditure and posting prepayments and accruals as necessary
• Making wages postings and reconciling to payments
• Preparing, reviewing and submitting the quarterly VAT returns to HMRC
• Building in a provision for Corporation Tax.

We can also review VAT returns which are prepared by your in-house team before they are submitted.

We also work with many clients where international VAT aspects may be important. When required, we work with our colleagues in DFK International, a worldwide association of independent accounting, tax and business advisory firms.