Keeping on top of the accounts can be a daunting task. Fortunately, with our online bookkeeping service, you can ensure your financials are up-to-date from as little as £25 per month. Bookkeeping and other administrative tasks can keep even the most dedicated small business owner busy for hours on ends. Our bookkeeping service allows you to free up some time for you to run and grow your business.
Failure to comply and keep up-to-date financial records can lead to a fine of £3000 and disqualification as a Director, so it's important to correctly record all financials through the business. So with our bookkeeping service, you’ll have peace of mind that your business is up-to-date.
What do bookkeepers do for small businesses?
The role of a bookkeeper is to take care of and stay on top of the day-to-day financial requirements of a company. Our online bookkeeping services have been created for small businesses throughout the UK.
Our bookkeepers collect and process data about purchases, receipts, sales, and payments. Moreover, they can also work with the in-house accountant of a small business for efficiently maintaining the financial data.
Let us record your financials, whilst you run your business. Our bookkeeping services include:
- Bank account reconciliations
- Accounts receivable
- Invoicing and credit notes
- Post and allocate cash receipts
- Accounts payable
- Post supplier invoices and credit notes
- Record supplier payments
- Reconcile supplier statements to supplier account
- Document management for the above items
- Payroll and P11D processing
Do you need a bookkeeper for your small business?
When you first started your business you may have been as they say "wearing many hats", one of which may have been a bookkeeper. So whilst you will be passionate about running and growing your business, concentrating on the tasks you love doing, the idea of recording financial transactions will not be appealing. Bookkeeping may not be something you have a complete understanding of or enjoy.
If that's the case it's likely transactions could go unrecorded and be left to pile up until the end of a financial period. In a worst-case scenario, mistakes could be made and important details you need could be lost.
That's where bookkeepers come in. Our online bookkeeping services can lighten the load on your business and take away the day-to-day recording of receipts, invoices, and other transactions.
So if you find yourself struggling to keep on top of recording the financial ins and outs of your business, or simply do not want to spend the time doing so hiring a bookkeeper could be just the thing you need. Get in touch today to see how we can support you.
Why iFinance Department?
Bookkeeping Services from £25 p.m.
Interested in professional, accurate and affordable bookkeeping services? From just £25 p.m. you can improve efficiency and ensure compliance.
Bookkeeping FAQs
What’s the difference between a bookkeeper and an Accountant?
In an ideal world, you would have a bookkeeper and an accountant. This is because their roles, though both dealing with the finances of your business, are quite different.
A bookkeeper will ensure the accurate logging of all your business’ financial transactions. Having a bookkeeper is vital as they log all transactions, helping you make the most of tax advantages, as well as handle Payroll.
An Accountant will focus on the bigger picture, submitting your annual accounts to Companies House and providing you with expert financial advice for you and your business.
What is a bookkeeper?
When running a business, its easy to lose track of expenses and your finances. A bookkeeper will be focused on the day-to-day financials of your business. This ensures that you can see an up-to-date view of your business’ financials, allowing you to spot opportunities and plan for the short, medium and long-term.
A bookkeeper will free up a lot of your time, allowing you to focus on managing your business. Specifically, a bookkeeper will reconcile your bank accounts, raise invoices and credit notes, deal with all accounts receivable and accounts payable, record client payments and expenses and manage payroll
Do I need to purchase Software?
We’re able to work with your existing Software. We recommend utilising software to manage your business’ accounts, especially as the Government rolls out it’s Make Tax Digital scheme.
As a Xero Silver Champion Partner, we can offer our clients excellent rates for the world’s leading accounting software provider.
How will outsourcing my bookkeeping help my business?
When running a business, you want to be able to spend more time on making money, rather than recording it! With a Bookkeeper, you will get a professional who will ensure you are up-to-date and compliant. This makes it easier to understand your business’ financial position, as well as ensure that you maximise tax opportunities. In addition, outsourcing your bookkeeping is significantly less expensive than hiring internally. Outsourcing saves time and money.
How much will bookkeeping cost?
Our Bookkeeping costs from as little as £25 p.m.
Can I get to know you first?
Absolutely! We understand that it might be a little daunting doing business with someone you don’t know. Our team is based in the UK and we’d love the opportunity to learn more about you and your business. That’s why we offer a free initial consultation, to discuss your business and provide some financial advice. It is also the opportunity for you to ask any questions you might have.
Online Accounting Services For Small Businesses
Combine our bookkeeping service with one of our other popular accounting services. You can mix and match or even go completely bespoke.
