Before things like management accounts and year end accounts can be prepared, your businesses bookkeeping needs to be prepared. In short, it is the recording of all of the business ins and outs in to a format that allows for the preparation of the above compliance.
If you are a VAT registered business this is even more important, as more often than not businesses will have to submit VAT returns quarterly. A good bookkeeping system will make the processing of the VAT relatively easy; a bad system will make it difficult! And with the new Making Tax Digital era, having a compliant bookkeeping system is more important than ever!
For further information please contact us.