Things that bookkeepers do for small businesses

There is a lot more that bookkeepers do for their clients than just completing the books.

And at Momentum Bookkeeping, we like to offer our customers a lot more.  Value and a professional service go hand in hand in our business.  And that is why we offer so much for our customers. So much so that we have put them into a list for you.

Day to Day Management Accounts

We can help you stay on top of your business accounts.  By keeping track of every sale or purchase in your business, our bespoke bookkeeping software can make it much easier to keep an eye on cash flow.

Maintain Up to Date Records

As your bookkeeper, we will ensure that your business records are kept up to date.  And if there are any inconsistencies, we will be able to spot them early and help you to sort them.

Prepare for Tax

Tax deadlines are fixed point in the year and for so many businesses that have fallen behind in their bookkeeping, the tax deadlines can so easily pass them by. We can help you to prepare for your tax deadlines and ensure that you don’t have any additional fines to contend with.

Prepare Financial Statements

We can prepare your financial statements including profit and loss statements, balance sheets and cash flow statements.

Prepare your books for an accountant

It is our job to ensure that your books are valid and up to date for when your accountant needs them.

Handle Accounts Payable

It is so often bookkeepers like ourselves that handle the payments on behalf of a business like yours.  From paying supplier invoices to dealing with petty cash and company expenses.

Process Payroll

We can assist you with payroll and the process of processing pay checks and tax payments for your employees.

Monitor cash flow

Making sure that your business does not run out of money is essential and we will monitor the balance of revenues to expenses and can even advise you on options to streamline your business to make cash more readily available.

Find out more about Momentum

It may seem obvious but we want to help your business build some real momentum and growth.  And for so many companies, one of their stumbling blocks is that they have to spend too much of their time trying to do their own bookkeeping.

Bookkeeping helps your business budget for the future. Taking business income, expenses, salary and other financial aspects of your business and putting them into a properly organised system so that you know exactly what is what. This means that you can budget accordingly and create a real financial roadmap for your companies future. With a budget in place, you can plan for future expenses and be prepared for unexpected outside influences (such as a global pandemic).

Businesses have to file their taxes every year and with bookkeeping running smoothly in the background, your end of year taxes are a far more manageable affair. And if HMRC phones one day demanding your financial statements, regular bookkeeping means you have access to everything they need at the drop of a hat. And that is if HMRC come calling. If you need to simply find archived information on your businesses finances, it can be found quickly and easily with effective bookkeeping services.

Whether it’s getting paid by your customers on time, completing your VAT returns, processing payroll or submitting your annual accounts and tax returns, the demands on businesses can seem endless. And it’s almost certainly not why you got into business in the first place. It is, however, exactly why we got into business. We do the things you avoid because where your business is concerned, you do the real work, we do the paperwork.

Working with small and medium sized businesses across every industry sector, our experience working with so many companies in so many sectors has taught us that every business is different. Which is why we will always take the time to get to know your business and to shape our service accordingly.

If you want to build some real momentum in your business then call us today.

Covering the full range of bookkeeping services that the typical business would require, we have built our bookkeeping services around going a step further. And that means that we offer not just what you expect, but what you need (even if you didn’t know you need it).

From VAT returns and payroll services to custom built MySQL databases as part of our Bespoke Services. From a once a year service to a daily interaction service into your business; we can be as integrated with your business as you want us to be.