Bookkeeping & VAT

‘Bookkeeping’ is just the technical term for keeping on top of the records of your finances.

Whilst it sounds simple, it often eats into time that small business owners find they can’t spare. The benefit of having an accountant in this instance is that, whilst you get on with the day-to-day runnings, we can take responsibility for making sure everything is kept organised and in order. This consists of making sure you’re registered with HMRC and Companies House, and that your filing obligations with both are kept up to date.

FAQs

What is the difference between an accountant and a bookkeeper?

An accountant analyses and provides insights into a company’s financial performance, holds advanced degrees, and provides higher-level financial analysis and strategic planning. A bookkeeper, on the other hand, records and organises financial transactions, maintains accurate financial records, and focuses on day-to-day financial transactions.

What are the benefits of using software for bookkeeping?

Bookkeeping software offers benefits such as increased efficiency, improved accuracy, reduced workload, streamlined financial reporting, and better financial decision-making. It automates repetitive tasks, reduces errors, provides real-time access to financial information, and generates customizable financial reports for analysis and decision-making.

How often should I update my books?

In business, it is recommended to update your books on a regular basis to ensure accuracy and financial stability. This can be done daily, weekly, or monthly, depending on the volume and complexity of your financial transactions. By updating your books regularly, you can stay on top of your finances, track cash flow, manage expenses, and make informed decisions about your business. It also helps to reduce the workload and stress associated with trying to catch up on bookkeeping tasks at a later date.

How can bookkeeping help me manage my cash flow?

Bookkeeping helps manage cash flow by providing real-time financial information about income and expenses, anticipating expenses, tracking accounts receivable and payable, reconciling bank statements, and making informed decisions about budgeting, forecasting, and investing for future growth.

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Client Testimonials

    
 
 
        
   Martin Hustaty 
 24. November, 2021.
 
 
  Very professional, punctual, and customer oriented. My previous accountant was not very flexible and was overcharging me. I've been working with London Accountants for one financial period and they provide me with everything I was missing. I appreciate their support in managing my company accounts, in particular, their professional knowledge, ability to cope with the a lot of work in a short time period as well as the fact they kept agreed fees despite slightly different expectations.
  
 
       
   Ian Robinson 
 20. July, 2021.
 
 
  Jez and the team have provided my company and residence freehold company with invaluable and professional advice. They are always available and the expertise and service have been superb. I will be continuing to use London Accountants for the foreseeable!
  
 
       
   Guy Winterflood 
 4. May, 2021.
 
 
  have been running my business for over 10 years and during that time period I have had some good and not so good accountants. In my opinion, a good accountant will not only take care of your tax and HRMC generally, but guide you in the right direction financially. I can say, hand on heart, Jez and London Accountants have exceeded my expectations on every level. The service and expertise has been second to none. If you are looking for an accountant, my advice would be to speak to these guys and see for yourself!
  
 
       
   Sue Vinson 
 12. April, 2021.
 
 
  Jez provides a reliable and professional service ensuring all my finances and statutory obligations are taken care of.
  
 
       
   Thurstan 
 5. March, 2021.
 
 
  Our experience with London Accountants and especially with our dedicated accountant has been second to none. They are very knowledgeable, quick to respond to any queries and are great value for money. Over the years, they have helped us be tax efficient. Not having to focus all our attention on the accounting side of things, means we can focus solely on our business goals.
  
 
       
   Sudeshna Choudhury 
 11. December, 2020.
 
 
  London Accountants are an excellent professional, reliable, experienced and friendly service.. Jez has supported and helped me beyond the call of duty to answer my queries and provide solutions to sort out my business and personal accounts, especially with tax returns and company accounts, so l highly recommend them for anyone looking for a personable and all round great accountancy service.
  
 
       
   Daniel S Vythelingum 
 9. December, 2020.
 
 
  We run a successful construction firm in Surrey & London and from our first enquiry with London Accountants, We have been very impressed with their attention to detail. They respond quickly and thoroughly to all of my questions and go above and beyond to make everything as simple and straightforward. It's a relief to know that such a crucial part of my business is in the hands of someone with such a detailed approach. London Accountants have provided timely tax-effective advice since 2014.
  
 
       
   Joel H 
 20. October, 2020.
 
 
  London Accountants are great. I've been doing my accounts with them for over 3 years and they've saved me loads of money and made accounting easier. During lockdown they were essential for helping me access the right financial support as a self-employed person.
  
 
       
   George Hewlett 
 19. October, 2020.
 
 
  Excellent service from Jez and the team. Professional and personable. Would highly recommend.
  
 
       
   Rachel Hewlett 
 14. October, 2020.
 
 
  “I have been a client of London Accountants since 2013 and have been very impressed with their knowledge and ability.  Jez Bhatti and his team are efficient, reliable and extremely helpful.  They always go the extra mile to help with any problems you may have, no matter how small.  Jez takes time to explain and advise on any point you may not understand.  He has recently completed my tax return so I don’t have to think about tax for a whole year!  I have no hesitation in recommending London Accountants for their exceptional service.”