What Is Bookkeeping

What Do We Do? And Why Choose Us?

  • You will have access to your own dedicated bookkeeper
  • You will be provided with a full set of accounts and printouts from HMRC
  • Completion of your accounts  and submission of your self-assessment
  • Tax efficiency and business advice
  • Representation in the event of an HMRC investigation (though this is chargeable)
  • Unlimited help and assistance via Skype, email, phone & live chat
  • A local office in Ripley, Surrey where you are always welcome to come to
  • Reminders for all of your important deadlines
  • We operate nationwide and specialise in small and medium sized businesses
  • We currently represent many businesses throughout the UK
  • We have a wealth of experience gained over many years in small, medium and corporate businesses
  • We are very competitive, keeping your business costs down
  • You have the option to pay monthly to spread the cost of your accountancy fees
  • If you already have an accountant we take care of the transition ensuring it's a smooth process
  • You will receive unlimited help and assistance throughout the year from your dedicated bookkeeper

What Is Bookkeeping?

Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business.

Transactions include purchases, sales, receipts, and payments by an individual person or an organization/corporation.

There are several standard methods of bookkeeping, such as the single-entry bookkeeping system and the double-entry bookkeeping system, but, while they may be thought of as "real" bookkeeping, any process that involves the recording of financial transactions is a bookkeeping process.

Bookkeeping is usually performed by a bookkeeper.

A bookkeeper is a person who records the day-to-day financial transactions of a business. He or she is usually responsible for writing the daybooks, which contain records of purchases, sales, receipts, and payments.

The bookkeeper is responsible for ensuring that all transactions whether it is cash transaction or credit transaction are recorded in the correct daybook, supplier's ledger, customer ledger, and general ledger.

(For Limited Co businesses) An accountant can then create reports from the information concerning the financial transactions recorded by the bookkeeper. The bookkeeper brings the books to the trial balance stage. An accountant can then prepare the Profit & Loss report and the Trial Balance Sheet using the ledgers prepared by the bookkeeper.