SELECTING AN ACCOUNTING SYSTEM
It is our belief that the setting up and maintaining of a good accounting system is the starting point for any successful business. Our firm place great importance on deciding on a suitable accounting system that meets the needs of both our clients own requirements and will produce accurate information for management and tax compliance purposes. Our firm would typically assist our clients with the following:
- Understand the basics of bookkeeping.
- Maintain financial records suitable for your business needs and requirements.
- Set up and operate a computerised accounting systems such as TAS, Sage or Thesaurus.
- Administer and reconcile accounts payable and receivable.
- Prepare and complete bank reconciliations.
- Registering For Revenue Online Services.
- Prepare VAT returns.
Accounting software is computer software that records and processes accounting transactions within various functional modules such as Purchases, Sales, payments and receipts. It functions as an accounting information system. It would usually be purchased from a third party such as Sage, and can vary greatly in its complexity and cost. As we have a detailed and comprehensive knowledge of all the main accounting software providers, we are well placed to advise clients of the software package that we feel is best suited to their business.
For certain small businesses, such as a one person consultancy business with only a few sales/purchase invoices per month, record keeping by way of manual book or on excel can be sufficient. Our firm can provide clients with ideal accounting excel templates that can be used by them and will satisfy their compliance requirements.
Please call or email us today if you need further information on selecting an accounting system for your business or on any of the above.
To arrange a free consultation or to use our free online query and advice service click here.