Stress-free bookkeeping

Thousands of businesses produce financial reports manually through software such as Microsoft Excel, which, although functional, can make it difficult to determine where action is required, for example:

• • Outdated reports of outstanding invoices to chase money owed
  • Unreconciled incoming payments to mark sales invoices as paid
  • Recording journal entries retrospectively and working with an inaccurate balance sheet
  • Falling behind with tax liabilities and overdue purchase invoices
  • Having inaccurate customer reports due to delays in inputting written financial transactions
  • Raising invoices late and causing shortfalls in cash flow due to delayed income

Outsourced bookkeeping provides a considerable advantage, with a cloud-based, accessible dashboard showing your current financial position with all new jobs and ledger entries posted to show exactly where you stand.

In most cases, hiring a qualified accountant to manage a double entry system is more cost-effective and efficient, with the assurance that even complex transactions have been correctly entered, making it faster and easier to produce management accounts, financial statements, and tax returns.

At year-end, you won’t need to invest weeks in reconciling your accounting system to ensure your ledger balances where there are common errors, such as a credit entry without a corresponding debit.

James Todd & Co can provide flexible bookkeeping, allowing you to request support before upcoming reporting deadlines or tax return filing dates, ensuring each journal entry has been approved, and your records reflect accurate financial information.

Our Accounting Clean-Up package can go hand-in-hand with bookkeeping to maintain and improve your double entry bookkeeping system, recommend improvements, and verify that all invoices, sales, revenue and profit have been entered – while you focus on running your business and making decisions based on real-time reporting.