Growing your business
Monthly accounts preparation
You can rely on us to have the right software and the right expertise to prepare your monthly accounts accurately and efficiently. We can offer you a service package that fits in with your individual needs – there are so many variations that it is useful to have a face-to-face discussion to work out the detail. You may prefer to just look after your customer invoices and ask us to take care of the rest, or you may prefer to enter your income and expenditure records and leave us to reconcile the bank account and prepare the VAT returns.
Whatever your requirements, we offer a flexible approach to fit around your needs. We can even look after your books at the beginning whilst you concentrate on setting up your website and marketing approach to get your first few customers. We can then hand them back to you when you have more time or you take on an employee. We can help you develop the right system for you to record your transactions, including cloud based software, PC based software, spreadsheet or a manual book. It all depends on what kind of trade you’re in and how you prefer to work – we can help you to decide and explain the pros and cons of each approach.
One of the biggest benefits is not having to worry about finding time to keep your financial records up to date and in good order. We can also take away the worry of remembering key tax dates. We can provide you with relevant financial reports and explain what they mean so you can use the information to manage your business effectively.
You may need to approach third parties for funding to support your business expansion or to start a new business. Lenders and grant funding organisations require you to demonstrate that you have a sound business idea and that it is backed up with a robust financial forecast.
Most entrepreneurs, with a bit of determination, can prepare a detailed business plan but usually struggle when it comes to the numbers. We can provide you with expertise to help you to prepare forecasts for profit, cash and balance sheet and can ensure that your numbers are realistic and work to support the vision described in your business plan. We will also encourage you to review the benefits and risks of your project so you can make contingency plans. We can help you to put the right framework in place so you can manage your cash requirements and can take early action to minimise the impact of changes to your business.
Amazing company in every way – friendly, knowledgeable and just “Simply Amazing”. I can not fault the service we receive and they are always just a phone call away even…Read more
Lorraine and her team were instrumental in setting up and supporting my current company from its start-up in 2013 until my retirement this year. Simply Additions has also been involved…Read more
Lorraine and her team are just incredible. Lorraine is an absolute wizard, and clearly takes great pleasure in helping business owners to get to grips with their accounts. She always…Read more