Book Keeping Services

The running of a business requires a lot of time consuming administration duties, many of which fall under the category of Book Keeping. At Butler & Co, we offer our efficient book keeping service to lessen the load of such administrative tasks. We offer a comprehensive range of book keeping services, and can extend this service to producing monthly/quarterly management accounts should it be required. Many businesses decide to carry out their own book keeping, should this be the case, we can offer expert advice in how to set up and run an efficient book keeping system. We have the ability to tailor our advice on book keeping systems to the business?s needs, whether a manual cashbook or fully computerised book keeping system is preferred, we have the knowledge and expertise to advise on the most efficient and accurate set up and running of book keeping systems. The most commonly used book keeping systems are outlined below; Manual Systems -Cash book – the manual cash book is one of the most easy to use systems, at the end of every day the cash transactions are entered into the cash book. -Bank reconciliation's – it is advised that the bank is reconciled frequently, this entails comparing the cash book entries to the bank statements, to check that all transactions have gone through the bank. -Sales ledger – a record of all sales made. The sales ledger allows you to see the business?s debtors are at any point in time, this way outstanding debts are easily identified and it is useful for forecasting; to see how much cash is expected over the next period. -Main/Nominal ledger – if using double entry book keeping, the main/nominal ledger will show you the figures in each of your main accounts at a given point in time. -VAT returns – VAT returns are usually completed once every quarter, in some cases they are completed monthly. At Butler & Co, we prepare VAT returns for clients, and we also review completed VAT returns at a lower price. -Wages records – see payroll. Computerised Systems The advantage of using computerised systems is that the software does a lot of the work for you. The software can carry out all necessary calculations, and avoids the same data being entered on more than one occasion. Many packages have the ability to complete reports from the data that has been inputted, an example being cash flow statements. The main features of computerised book keeping software are outlined below. -Sales ledger – preparation of sales invoices and credit notes, statements and sales day book. -Purchase Ledger – preparation of remittance advice slips, aged creditors listing and purchase day book. -Reports – Main/Nominal ledger, trial balance, balance sheet and profit and loss account. -Bank reconciliations – computerised software allows you to complete bank reconciliations quickly and efficiently. -VAT returns – once the sales day book, purchase day book and cash book have been completed for a VAT quarter, many software packages will tell you the figures to input straight onto the VAT return. Contact Butler & Co for professional book keeping advice.

For more information on Book Keeping Services talk to Butler & Co (Bishops Waltham) Ltd