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Bookkeeping Services

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Our client services team has wide experience in providing bookkeeping services for Ilford, London and UK businesses…

The term means different to different people:

  • Some people accept that keeping a company’s books and preparing its financial statements and tax reports are all part of bookkeeping. They think that it’s the same as accounting, but in actual, Accountants do not share their view.
  • Others see bookkeeping as limited to recording transactions in journals or daybooks and then posting the amounts into accounts in a register. After the amounts are posted, the bookkeeping has ended and an accountant with a college degree takes over. The accountant will make adjusting entries and then prepare the financial statements and other reports.
  • At some organizations, the term bookkeeping might be missing. Often corporations have accounting departments staffed with accounting clerks who process accounts payable, accounts receivable, payroll, etc. The accounting clerks will be supervised by one or more accountants.

 

By having the same designated member of our expert team looking after clients’ affairs, there are all the benefits of continuity and familiarity. Additionally, you’ll get the benefit of a structured support network for technical support and periods of temporary absence.

 

Recording the financial transactions forms the core part of the Bookkeeping Services. Purchases, Sales, Receipts by the owner or an organization considers as transactions. Recording them becomes a notable part due to many reasons for keeping records that will assist you. it will help you to keep track of them in the future too. Many different approaches to single-entry bookkeeping or double-entry bookkeeping are available and can be used by organizations.

SMY’s Bookkeeping:

Our client services team can assist you with your bookkeeping, VAT returns, management accounts and payroll providing the complete outsourced solution to your day-to-day accounting needs. We can also support clients in fulfilling capital market expectations of reliable, transparent and detailed financial structures.

 

We advise on improving systems and processes to create an appropriate balance between performance, risk, and control. While delivering accurate and timely information to significant stakeholders.

 

The work can undertake at your offices or remotely as it suits you best. In addition to all of the above compliance services, we can also support you with HMRC compliance visits and correspondence.

 

Please feel free to contact us if you need further advice, have any questions about our services, would like a free consultation or a fixed fee quote.

Find more about how we can help you and your business accounts preparation, bookkeeping, payroll, taxation. To find out more about us click here. For a wealth of information visits to our resource center.

Making an appointment

If you have any queries or wish to make an appointment please call us on 020 3371 1110 or email us at info@smyassociates.com

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