What We Do:
- Capture all your financial transactions (sales, purchases, expenses, receipts, etc.), by manually entering or importing from bank feeds or invoices.
- Regular reconciliation of bank accounts, credit cards, loan accounts, and supplier/debtor accounts to make sure the numbers match what’s in your bank statements.
- Maintain ledgers (for example general ledger, cost centres, nominal codes) keeping data clean and structured.
- Monitor outstanding invoices owed to you (debtors) and amounts you owe (creditors), helping you maintain healthy cash flow.
- Generate interim reports (monthly, quarterly) such as profit & loss, balance sheet, cash‑flow summaries.
Deliverables You Receive:
- Clean, up‑to‑date ledgers and transaction records.
- Monthly or quarterly financial reports summarising income, expenditure, profit margins.
- Alerts about cash shortfalls or expense overruns.
- Recommendations for improving record‑keeping efficiency (e.g. digital invoicing, automated bank feeds).
Why It Matters:
- Gives you accurate, real‑time insights into how your business is performing.
- Helps you avoid surprises at year‑end or tax time.
- Improves decision making (e.g. when to spend, invest, or hire).
- Ensures compliance with tax rules and reduces risk of penalties or errors.