Bookkeeping services can be grouped depending on the size of the business.
The ESSENTIAL Package
Typically includes: summary of year to date progress, VAT and PAYE returns where relevant, bank reconciliations, general overview of business performance.
APPROPRIATE FOR: Single person/sole traders where figures will give a basic overview of progress.
Frequency of requirement: Quarterly or Monthly.
The ESTABLISHED Package
All of the above plus – Production of management reports that show key performance indicators, bank account reconciliations kept up to date and accurate control of the assets and liabilities of the business.
APPROPRIATE FOR: Larger businesses with up to 6 staff.
Frequency of requirement: Assessed per company but probably weekly due to complexity of requirement.
The EXPANDING Package
All of the above plus – Forecasts and cash management as well as board of director and shareholder reports.
APPROPRIATE FOR: Businesses that need more than simple bookkeeping but with no perceived need for full time in house staff.
Frequency of requirement: Assessed per company.