When you’re running your own business, it’s so important to keep accurate records so that you can work out what profits you are making, what taxes you owe and how much you are spending.
You can’t run a business without having this information to hand, but we all know you have better things to do than keep your bookkeeping up to date.
Don’t worry, this is what we are here for. Let us help, as well as basic bookkeeping, we can prepare your VAT return, provide you with management accounts and if you need a part time financial director, we can help with that too.
What is bookkeeping?
In very simplistic terms, bookkeeping is a record of all transactions of the business, showing your income, expenditure, assets and liabilities. You can use these records to make sure your business reaches its full potential, they really are critical for decision making and future planning.
Why do I need to do bookkeeping?
If you are running your own business you understand what is happening in terms of finances and cash flow at all time.
- You need to know who to pay and when.
- You need to know who owes you money.
- And probably most importantly, you need to know if you are making any profit.
Without this information you cannot make important decision, you don’t know how much you can take as a wage from the business, and you don’t know if you can afford that new piece of equipment.
Do I need to file a VAT return?
As well as bookkeeping, we also offer VAT return services.
If your turnover / sales exceeds £85,000 in a 12 month rolling period, then you will need to register for VAT.
VAT is normally prepared and submitted on a quarterly basis, and this will need to be submitted through online software, we normally recommend Xero. https://www.xero.com/
Are you now thinking ‘I don’t have time to do all of this’ I have to concentrate on earning money? We get it, it’s tedious and it doesn’t seem like a priority, so why not let us deal with it for you?
We offer a basic bookkeeping service, right up to a full finance function.
Just get in touch and we will tailor a package for you.
We offer a wide range of services around bookkeeping and VAT returns, starting at £60 + VAT per hour.
So why not do an Instant Quote now to find out just how much it would cost for you to get your own outsourced bookkeeping service and VAT return service.
When Zebra completes your bookkeeping for you, we give 10 bricks to help build a school in a rural area