BOOKEEPING

Basic bookkeeping tasks:

  • Process sales from POS system,
  • Manage Email account to receive Supplier invoices.
  • Process all supplier invoices received directly and from the Dext App,
  • Reconcile all bank and credit card accounts with sales and purchase activity.
  • Prepare list of supplier payments for payment twice per month.
  • Reconcile the sales ledger and reconcile the purchase ledger with supplier statements.

Bookeeping – Read more >

BOOKEEPING

Basic bookkeeping tasks:

  • Process sales from POS system
  • Manage Email account to receive Supplier invoices
  • Process all supplier invoices received directly and from the Dext App
  • Reconcile all bank and credit card accounts with sales and purchase activity
  • Prepare list of supplier payments for payment twice per month
  • Reconcile the sales ledger and reconcile the purchase ledger with supplier statements

Payroll:

  • Retrieve hours from T&A system
  • Enter information into payroll system
  • Provide draft payslips for approval
  • Once approved, file FPS and EPS with HMRC
  • Prepare pension file for pension provider
  • Issue pension letters to new starts for auto-enrolment
  • Issue P45’s for leavers
  • Prepare PAYE payment for HMRC

VAT:

  • Review reconciliations of bookkeeping activities
  • Prepare VAT summary and detail reports
  • File with HMRC quarterly

Payroll:

  • Retrieve hours from T&A system.
  • Enter information into payroll system.
  • Provide draft payslips for approval.
  • Once approved, file FPS and EPS with HMRC.
  • Prepare pension file for pension provider.
  • Issue pension letters to new starts for auto-enrolment.
  • Issue P45’s for leavers.
  • Prepare PAYE payment for HMRC.

 

VAT:

  • Review reconciliations of bookkeeping activities.
  • Prepare VAT summary and detail reports.
  • File with HMRC quarterly

 

MANAGEMENT ACCOUNTS:

  • Accrue missing charges for the month.
  • Prepay income and expenses relating to future months.
  • Enter the charge for depreciation.
  • Enter adjusted current and loan interest charges.
  • Calculate Key Performance Indicators
  • Quality check for errors
  • Prepare performance reports.

 

YEAR-END COMPLIANCE

  • Complete all bookkeeping reconciliations for the year-end.
  • Ensure any business costs paid for privately are included.
  • Include business mileage and home office costs.
  • Transfer data from the accounting system to the accounts preparation software.
  • Prepare annual statutory accounts to the FRS102 or FRS105 accounting standard.
  • Prepare accounts in iXBRL format.
  • Get Client approval and file with HMRC and Companies House.

 

  • Compute the Corporation Tax payable ensuring all costs not in the accounting system are included.
  • Claim all available reliefs and allowances.
  • Enter reliefs for any R&D expenditure from HMRC report.
  • Get client approval and file with HMRC.
  • Advise client of payment dates and amounts

 

  • Prepare personal income tax computations for Directors.
  • Get client approval and file with HMRC.
  • Advise client of payment dates and amounts.

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