1. J & SS Accountancy
City/Town: Stevenage
Postal Code: SG1 6BX
Street Address: 171 Cleveland Way
Country: England
2. Foxes Figures
City/Town: Redditch
Postal Code: B98 7XR
Street Address: 1 Ladbrook Close
Country: England
3. M A Barton – Bookkeeping & Accounts Services
City/Town: Norwich
Postal Code: NR9 3EP
Street Address: 41 Central Crescent
Country: England
4. HG Bookkeeping Services
City/Town: Bridlington
Postal Code: YO15 1HU
Street Address: 9 Main St
Country: England
5. Cheryl Finch Book-Keeping
City/Town: Southport
Postal Code: PR9 7DB
Street Address: 143 Poulton Rd
Country: England
6. Abacus Bookkeeping Services
City/Town: Ashford
Postal Code: TN26 3AP
Street Address: Hope Cottage Ashford Rd
Country: England
7. M & K Bookkeeping
City/Town: Manchester
Postal Code: M4 1NE
Street Address: 22 Kingsway
Country: England
8. Kirsty Lloyd Bookkeeping
City/Town: Ryde
Postal Code: PO33 4LT
Street Address: 137 Mary Rose Avenue
Country: England
9. LJM Bookkeeping Ltd
City/Town: Peterborough
Postal Code: PE1 2DU
Street Address: Suite 330, 4 Blenheim Court, Peppercorn Close
Country: England
10. BK Bookkeeping
City/Town: Wirral
Postal Code: CH61 5XU
Street Address: 36 Derwent Drive
Country: England
11. Eden Valley Bookkeeping
City/Town: Edenbridge
Postal Code: TN8 5JT
Street Address: 128 Cedar Drive
Country: England
12. S & W Bookkeeping & Payroll Management
City/Town: Chippenham
Postal Code: SN14 6GB
Street Address: 11 Lower Field
Country: England
13. Joanne’s Bookwork Services
City/Town: Bourne
Postal Code: PE10 0AF
Street Address: 1 Main Rd
Country: England
14. B C Bookkeeping Ltd
City/Town: Bournemouth
Postal Code: BH6 5DW
Street Address: 108 Arnewood Rd
Country: England
15. LMS Accountancy Services Ltd
City/Town: Birmingham
Postal Code: B31 2DE
Street Address: 139 Hole Lane
Country: England
16. RK Consultancy
City/Town: Liverpool
Postal Code: L19 9HG
Street Address: 4 Rookery Drive
Country: England
17. Mike Gabb Bookkeeping
City/Town: Plymouth
Postal Code: PL5 2RH
Street Address: 29 Croydon Gardens
Country: England
18. Accounting Link – Bookkeeping Services
City/Town: Bath
Postal Code: BA2 6FB
Street Address: The Coach House, 21, Lascelles Avenue
Country: England
19. Orchard Ledgers
City/Town: Exeter
Postal Code: EX5 1ND
Street Address: 9 Orchard Close
Country: England
20. Stephanie Waters
City/Town: Bridport
Postal Code: DT6 5HB
Street Address: 169 Orchard Crescent
Country: England
21. Horseshoe Accountancy Services
City/Town: Spalding
Postal Code: PE11 4PW
Street Address: 77 Main Rd
Country: England
22. Bookkeeping Services
City/Town: Sutton-In-Ashfield
Postal Code: NG17 4FU
Street Address: Ashfield Hub Outram St
Country: England
23. Joanne Lockley Ltd
City/Town: Swadlincote
Postal Code: DE11 9SJ
Street Address: 68 Chiltern Rd
Country: England
24. Edward Egglestone & Company
City/Town: Hartlepool
Postal Code: TS24 7DA
Street Address: 3-5 Scarborough St
Country: England
25. A & P Bookkeeping Services
City/Town: Harlow
Postal Code: CM20 3SY
Street Address: 14 Oakleigh Road
Country: England
26. KGM Bookkeeping
City/Town: Basingstoke
Postal Code: RG21 7JA
Street Address: 4 The Crescent
Country: England
27. HJW Bookkeeping
City/Town: Southampton
Postal Code: SO17 1PZ
Street Address: 10 Oakleigh Park
Country: England
28. P A Accountancy
City/Town: Staines
Postal Code: TW18 4RP
Street Address: 82 Ashford Rd
Country: England
29. Keating Accountancy
City/Town: Northwood
Postal Code: HA6 2DJ
Street Address: 28 Oakwood Avenue
Country: England
30. A M Tax & Bookkeeping Services
City/Town: Norwich
Postal Code: NR3 3PB
Street Address: 19 Rectory Road
Country: England
31. Focus Bookkeeping Services
City/Town: Brentwood
Postal Code: CM14 4PL
Street Address: 63 West Road
Country: England
32. Brookson Bookkeeping Ltd
City/Town: Stevenage
Postal Code: SG2 7DP
Street Address: 16 Harrow Way
Country: England
33. NW Bookkeeping Services
City/Town: Newark
Postal Code: NG24 4SY
Street Address: 17 Church Lane
Country: England
34. Cloud 9 Bookkeeping
City/Town: Lymington
Postal Code: SO41 9AG
Street Address: 25 High Street
Country: England
35. A1 Bookkeeping Services
City/Town: Chichester
Postal Code: PO19 5DU
Street Address: 41 Sandringham Drive
Country: England
36. JTS Bookkeeping Services
City/Town: Guildford
Postal Code: GU1 2DF
Street Address: 3 Swan Hill
Country: England
37. Bookkeep U
City/Town: West Sussex
Postal Code: RH10 7SZ
Street Address: 68 Longridge Road
Country: England
38. Phoenix Bookkeeping Services
City/Town: Birmingham
Postal Code: B15 2BX
Street Address: 3 Green Lane
Country: England
39. GEC Bookkeeping
City/Town: Middlesbrough
Postal Code: TS4 3RS
Street Address: 12 Parkside
Country: England
40. JK Accountancy & Bookkeeping
City/Town: Bath
Postal Code: BA1 8DB
Street Address: 25 Westwood Road
Country: England
41. R T Accounting & Bookkeeping
City/Town: Lincoln
Postal Code: LN6 7QY
Street Address: 1 Elmwood
Country: England
42. Family Bookkeeping Services
City/Town: Brighton
Postal Code: BN1 3YB
Street Address: 1 North Street
Country: England
43. The Bookkeeping Group
City/Town: Milton Keynes
Postal Code: MK5 7EX
Street Address: 22 Marlowe Rd
Country: England
44. JB Bookkeeping Services
City/Town: Woking
Postal Code: GU21 4SN
Street Address: 40 Forest Road
Country: England
45. PWC Accountants
City/Town: London
Postal Code: N2 8PQ
Street Address: 72 High Road
Country: England
46. UK Bookkeeping Services
City/Town: Manchester
Postal Code: M14 6AH
Street Address: 5 Riverside
Country: England
47. A B Bookkeeping
City/Town: London
Postal Code: NW1 2DZ
Street Address: 99 Hampstead Rd
Country: England
48. MS Bookkeeping Services
City/Town: Norwich
Postal Code: NR3 4SZ
Street Address: 34 Penrose Way
Country: England
49. T & R Bookkeeping
City/Town: London
Postal Code: SW9 9GA
Street Address: 8 Cathedral Close
Country: England
50. K&L Bookkeeping
City/Town: Edinburgh
Postal Code: EH1 5DU
Street Address: 4 St John’s Road
Country: Scotland
Bookkeeping is a crucial aspect of business management, especially for small and medium-sized enterprises (SMEs) in England. Accurate financial record-keeping ensures that businesses maintain control over their finances, comply with tax regulations, and make informed decisions about their growth. For many companies, outsourcing bookkeeping services can relieve them of the administrative burden and provide access to expert knowledge, allowing them to focus on their core operations.
In this article, we’ll explore the significance of bookkeeping services, the types of services offered, and the advantages of using professional bookkeeping solutions for businesses in England.
What is Bookkeeping?
Bookkeeping refers to the systematic recording, categorizing, and organizing of financial transactions such as sales, purchases, receipts, and payments. It is the foundation of accounting and involves maintaining accurate records of a company’s financial activities. These records provide the information needed to produce key financial statements such as profit and loss accounts, balance sheets, and cash flow statements.
In the UK, businesses are required by law to keep records of all their transactions for tax purposes. Proper bookkeeping ensures compliance with tax regulations and can also be beneficial for securing funding, monitoring cash flow, and providing insights into the financial health of the business.
Types of Bookkeeping Services
Bookkeeping services can vary depending on the size of the business, the complexity of its financial activities, and whether the business operates locally or internationally. Below are some of the key services offered by bookkeeping providers in the UK:
1. Basic Bookkeeping
Basic bookkeeping involves recording day-to-day transactions, categorizing them correctly, and updating financial records. It includes:
- Sales and purchase ledger: Keeping track of all incoming and outgoing invoices.
- Bank reconciliation: Ensuring that the records in the business books match the transactions in the business’s bank account.
- Expenses tracking: Recording all business-related expenses, including utilities, travel costs, and office supplies.
- Receipt and invoice management: Managing receipts and invoices to ensure everything is accounted for.
2. VAT Returns and Compliance
Businesses in the UK that are VAT-registered must submit VAT returns regularly. Bookkeeping services help businesses:
- Calculate VAT on sales and purchases.
- Maintain accurate records for VAT purposes.
- Ensure that VAT returns are filed on time with HM Revenue & Customs (HMRC).
- Provide advice on VAT exemptions and compliance issues.
3. Payroll Management
Payroll services are another key offering from bookkeeping companies. This includes:
- Employee wages: Calculating salaries, deductions, and benefits.
- Pay slips: Issuing pay slips to employees.
- National Insurance and tax deductions: Ensuring that the correct deductions are made and paid to HMRC.
- Pension contributions: Ensuring that pensions are correctly calculated and contributed.
- Year-end reporting: Preparing the necessary documentation for year-end payroll and P60/P45 forms.
4. Management Accounts
Bookkeeping services often extend to preparing management accounts, which provide detailed reports on a business’s financial performance. These can include:
- Profit and loss statements: Summarizing revenue, costs, and expenses to determine net profit.
- Balance sheets: Providing a snapshot of the company’s assets, liabilities, and equity.
- Cash flow statements: Analyzing the inflow and outflow of cash, highlighting liquidity.
5. Tax Preparation and Planning
Many businesses require assistance with preparing their annual tax returns. Bookkeeping services can help with:
- Preparing corporation tax returns.
- Ensuring businesses pay the correct amount of tax based on their earnings.
- Offering advice on tax-saving strategies.
- Submitting tax returns to HMRC on behalf of the business.
- Assisting with personal tax filings for business owners and directors.
6. Financial Reporting
Regular financial reporting helps businesses monitor their performance. Bookkeeping firms provide detailed financial reports that offer insights into the company’s profitability, cash flow, and financial position. These reports can be crucial for decision-making and planning.
7. Year-End Financial Statements
For most businesses, year-end financial statements are required for tax purposes. Bookkeeping services help prepare:
- Annual accounts: A summary of the company’s financial performance and position.
- HMRC submissions: Filing the necessary accounts with HMRC and Companies House.
8. Cloud Bookkeeping and Digital Solutions
With the rise of digital technology, many bookkeeping services now offer cloud-based solutions. These platforms allow businesses to manage their finances in real-time, offering features such as:
- Integration with online banking systems.
- Mobile access to financial data.
- Real-time tracking of cash flow and expenses.
- Streamlined invoicing and receipt scanning.
Popular cloud accounting software includes Xero, QuickBooks, and Sage, all of which many bookkeeping services in the UK integrate with for efficient financial management.
Benefits of Using Bookkeeping Services
1. Time and Cost Savings
Outsourcing bookkeeping can free up valuable time for business owners and staff to focus on core business activities, such as sales, product development, and customer service. It can also reduce the cost of hiring full-time, in-house accounting staff.
2. Expertise and Compliance
Professional bookkeepers have extensive experience and are knowledgeable about the latest tax laws, accounting principles, and compliance requirements. By using their services, businesses ensure they stay compliant with UK tax regulations, avoiding costly fines or penalties.
3. Improved Financial Decision Making
Accurate and timely financial data is vital for making informed business decisions. By keeping track of cash flow, sales, and profits, business owners can make better decisions about where to allocate resources, when to invest, and how to improve profitability.
4. Reduced Stress
Managing financial records, taxes, and payroll can be overwhelming, especially for small business owners. By outsourcing these tasks, business owners can reduce the stress associated with financial management and focus on growing their business.
5. Access to Technology
With the availability of cloud accounting software and online tools, businesses can access their financial data anytime and from anywhere. Many bookkeeping firms provide ongoing support and updates for these tools, ensuring businesses can operate efficiently in a digital landscape.
6. Financial Forecasting
Bookkeeping services help businesses predict future financial trends. By analyzing current financial data, bookkeepers can provide forecasts on cash flow, sales, and expenses, allowing businesses to plan for the future.
Choosing the Right Bookkeeping Service
When selecting a bookkeeping service, businesses in the UK should consider the following factors:
- Experience and Reputation: Choose a provider with a solid reputation and proven experience in your industry.
- Services Offered: Ensure the provider offers the specific services you need, such as VAT returns, payroll, or cloud-based solutions.
- Cost: Compare pricing models (e.g., hourly rates, monthly retainer) to find a service that fits within your budget.
- Technology: Look for bookkeeping firms that use up-to-date software and technology to streamline processes and improve efficiency.
- Personalized Service: Opt for a service that offers personalized support, understanding your business’s unique needs.
Conclusion
Bookkeeping services in England play a crucial role in helping businesses maintain accurate financial records, comply with regulations, and make informed decisions. Whether you are a small business owner or a larger enterprise, outsourcing bookkeeping can save you time, reduce stress, and ensure your finances are in order. With a range of services, from basic record-keeping to advanced financial reporting and tax planning, professional bookkeepers can provide valuable support and help you focus on what matters most—growing your business.