Book keeping & Accounting
Need book keeping services for your business
Accounting Services
RES Accounting and Reserch aims to ensure that you have the most up-to-date books of accounts; not just vague accounting entries but actual meaningful information. A quick glance should provide you not only the desired level of information, but also a meaningful synopsis of the actual state of your business. Whether you are a start-up, owner-managed SME or a large company, we can offer a tailored set of books that not only tells you how your business is performing but also fulfil all legal requirements. Through RES Accounting you’ll have access to an experienced team of accountants who will work upon and review your accounting processes. Right from bookkeeping, filing statutory and non-statutory accounts, to submitting financial statements to the HMRC, we will take care of your accounting burden so you don’t have to.
a. Bookkeeping
We offer the best of both worlds when it comes to bookkeeping as we can operate from either your offices or ours. From raising invoices, generating and despatching purchase orders through to the preparation of balance sheets and P&L (Profit and Loss) accounts, our comprehensive bookkeeping service enables you to achieve significant benefits in the form of improved cash flows and business control. Our day-to-day bookkeeping services can be categorised into: Purchase ledger control Sales ledger control General ledger Sales invoicing Credit control Bank reconciliation Accounts payable and receivable P&L reports Preparing a trial balance Organizing accounts into financial statements.
b. Annual accounts
preparation Based on your bookkeeping records we will prepare annual and statutory accounts which will form the foundation of your tax return. We offer all statutory and non-statutory accounting services. These include preparation and submission of: Statutory year-end/annual accounts to HMRC (for sole-traders and partnerships) Abbreviated accounts to Companies House (for small limited companies) Financial statements in IFRS or UK GAAP Management accounts (monthly, quarterly or half-yearly)
Benefits of our fixed cost annual accounting package include:
+ Tax advice to minimise tax liability
+ Company tax return prepared
+ Adjustments for year end
+ Year end accounts prepared
+ Submitted to HM Revenue & Customs
+ Abbreviated Accounts submitted to Companies House
+ Annual return submitted to Companies House
c. Management accounting & reporting
Running a business is like competing in a race - you need to know how fast you’re going and how much fuel you have. Unfortunately unlike in a car you don’t have a dashboard set up to give you this information. That’s where an accountant like us comes in. Our expertise in management accounting and reporting has been 18 years in the making. Through an efficient combination of knowledgeable staff, contemporary reporting tools and high quality accounting systems, we deliver real-time financial and statistical information that aids you to make important day-to-day and short term decisions. To make sure that your business performs at optimum profitability, RES Accounting offers a range of services that identify, assess, collect, analyse and interpret management information. These include: Management reports (monthly, quarterly and yearly) Actual vs. budgeted performance Cash flow forecasts and management Sales, expenses Profit and loss per period Balance sheets Key performance indicators Profitability of projects Asset appraisal Surplus and deficiencies in resources, bad debts, etc Trend chart, variance analysis and other statistics Measures to control costs
