BOOK KEEPING

Why does a business need bookkeeping?

Every business has a legal obligation to keep records of their transactions. There is no set format that must be adhered to but at the very least records of all sales, expenses and purchases should be kept.

Aside from the obligations, keeping good records is an essential part of running a successful business. When good records are kept the business owner knows at any given time, how much is owed from customers, how much is owed to suppliers, how profitable the business is and how much cash is available. This means better decision making can be made and improvements in cash flow and profitability can be made if necessary.

Taking away the stress of keeping your company accounts.

Teesside Financial Accountants provide a variety of bookkeeping services for a range of industry-varied clients, with the use of simple spreadsheets or more sophisticated accounting software packages.

Our aim is to make your accounts easy to understand and provide you with up to date information about how your business is doing financially. 

The work we do is tailor-made to your needs. Let us take it off your hands…

• Drop off or ask for us to collect your invoices, bank statements, etc;

• We do all the processing;

• We can then easily prepare for you…

  • Management Accounts;

  • VAT Returns;

  • End of Year Accounts;

  • Estimated Tax Liabilities as you go along so there’s no end of year surprises;

  • Self-assessment Tax Return;

• Pick up or we can drop off the records (neatly filed and organised!) and all the information we’ve agreed to provide you with.

Whichever services you require, we will integrate your support systems into a single, easy to use package, saving you time and effort.