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Accounting
Despite the change by many organisations to Digital record keeping and accounts production, we find that the main value of an accountant is helping understand and use the information from accounts to become more profitable and make the best benefit for the business owner whilst meeting all of the compliance and submission requirements placed on all businesses. Having tested various software solutions we have managed 2 systems that automate the delivery of accounts to HMRC. a) Manual submission - Some clients are still preferring to prepare their traditional books and records and we have a solution that captures the core of this working for annual accounting. We still review the content and check for errors and omissions. b) More businesses are now preferring to pass on the role of bookkeeping to the accountants. On receipt of information and records (Electronic, Data feed or traditional paper format) we process full VAT and quarterly or monthly accounts production and submit the resulting VAT, Taxation and performance information to HMRC. The final work is accessible by clients to review all facets of the accounts information including the income and expenditure and balance sheet but also performance figures and various graphical reports on cashflow and similar.