1.BOOKKEEPING SERVICES & PRICES
1.1 SERVICES
-collecting documents : sales invoices, purchase invoices , cash receipts
-sorting all the paperwork and giving each document an unique reference .
-recording in the accounting software /Sage 50 accounts
-generating timesheets for the Employees and passing to the Payroll department
-recording in the software of the payroll reports ( gross wages-net wages-paye due)
-payment allocation: as per bank statements, cash inventories, Directors loan
-aged creditors and debtors reports
-chasing missing invoices in order of maximum vat claimed on Purchases.
**** Daily jobs and assistance****
-assistance in cashing up
-raising sales invoices
1.2 PRICES
Basic rate for bookkeeping services: £30/hour
Price for vat not registered companies : from £100-£400 /month
Price for vat registered companies: from £200/ month -£750/week , depends on:
1.volume of the paperwork( the price for bookkeeping services depends on the volume of transactions not on the turnover of the Company)
2.number of bank accounts used and number of bank transactions
3.time used for searching missing invoices, checks on nominal codes.
2.Financial planning
2.1 Services
Starting up companies
-list of costs ( fixed and variable)
-setting the financial target ( expected income based on average profit rate for the business type+ individual assets of the business)
-checking if the target is met and if the results are under the level expected, a check on the mail reasons
-payment plan for the costs and negotiating the affordable instalments with the Suppliers
-payments services: payment to suppliers and employees
-Report of business efficiency ( Management accounts)
Companies with financial difficulties
-finding the reasons for the current situation
-full debt list vs potential income
-financial management- arrangements with the Suppliers and debt collectors ( affordable instalments until business recovers)
-checks if the financial measures have been effective and drawing a realistic frame on businesses potential
Solutions:
1.if there is a potential and the situation is curable :plan for action until improvement or CVA
2.Insolvency ( liquidation) –full assistance with the preparation for the final stage.
2.2 Prices: as per case and project.