IBookkeeping Ltd

Bookkeeping

Keeping proper accounting records is not just a legal requirement, it is an essential part of a running your business.  Organised and up to date accurate accounting records let you know how well your business is doing, and support decision making. Many business owners find the paperwork a chore,  as it is time-consuming and keeps you from doing what you do best. It is often  cheaper to outsource your accounting function than employ some-body to do this for you. 

Around 20% of businesses use the shoe-box method for storing paperwork, and nearly 25% of business still keep manual records. HMRC are making changes - all but very small business will soon have to keep digital records and submit quarterly returns. 

iBookkeeping can

  • Process and file your invoices, receipts and bills
  • Set up computerised or cloud based bookkeeping systems to be ready for Making tax digital
  • Software packages available include Sage, Xero and Quickbooks.
  • Maintain your purchase and sales ledgers
  • Bank and other monthly reconciliations
  • Produce trial balances on a regular basis to comply with possible HMRC inspections
  • Produce profit and loss summaries.
  • Provide creditor and debtor reports to assist with cash flow management and assist with credit control
  • Prepare year end accounts for submission to your accountant

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