Win back time for your business by outsourcing your business bookkeeping
All successful businesses aim for profit while watching the bottom line. Bookkeeping Services are something most fledgling businesses try to keep in-house. However, as your business grows, why would you waste time and effort on a task which can be easily and cheaply outsourced?
Spending time writing up accounting records and receipts stops you from growing your businesses. Use your valuable time more effectively, outsource your bookkeeping to Infinity and let us take care of this essential but laborious task.
Bookkeeping services to suit any business needs.
Infinity offer a wide range of bookkeeping services to suit any business’ needs. Many assume that bookkeeping is the process of keeping on top of the sales and purchase invoices, but we like to go a bit further than that. Below are the different services we offer.
Reconciling your bank account on a regular basis is critical. When you get to the year-end, if this doesn’t reconcile, your accounts will be wrong. You could end up paying too much tax because you’ve missed allowable expenses or you risk fines and penalties from HM Revenue and Customs because you’ve missed taxable income.
As well as the bank reconciliation we also reconcile the following:
- Purchase ledger, so you know how much you owe your suppliers.
- Sales ledger, so you know how much your customers owe you.
- VAT, to make sure your VAT records are compliant.
Prepayments and accruals are an advanced bookkeeping service. These ensure accurate management accounts and keep your accounts compliant when using the accruals basis of accounting. The accruals basis requires that income and expenses must be recognised in the correct accounting period.
Many assume that bookkeeping is the process of keeping on top of the sales and purchase invoices, but we like to go a bit further than that. Our bookkeeping services includes: