Comprehensive bookkeeping services to suit all your needs
Bookkeeping services from A K E
Bookkeeping is an essential part of keeping your business on track and for making future decisions, regardless of the size of your business.
Bookkeeping can be a time-consuming task to do correctly, and business owners may find it challenging to devote the time to it.
At A K E we can take care of all your bookkeeping to give you peace of mind and allow you to spend more time growing your business.
We can process purchase invoices, expenses and accurately cross-reference bank statements with business documents. We also record simple and complex transactions as well as reconcile all core ledgers.
We can take care of all the bookkeeping needs and let you focus on your business, whether you’re a start-up or a larger corporation looking for someone to take on the books.
Good bookkeeping is the foundation of a good business.
How effective bookkeeping benefits your business
Bookkeeping involves recording and categorising all financial transactions that relate to your business. This includes what your business spends money on and what it receives. Bookkeeping is important in order to keep track of your business’s spending and income so that you can make sound financial decisions for your company and be on top of the legal requirements to produce your annual accounts.
There are several benefits to staying on top of your company’s finances. It allows you to ensure that you are making more money than you are spending as well as having reliable information for budgeting decisions within your business.
Being on top of your company’s books can help you avoid a cash flow issue by monitoring when payments are due, and you are more likely to catch any fraudulent activity.
Additionally, having your financial information organised makes it easier to work with other parties such as lenders, investors, and accountants.
Our bookkeeping services
The benefit of outsourcing your bookkeeping
How AKE accountancy can help with your bookkeeping
Make it our job to keep all your business finances in order – purchase invoices, receipts, bank statements, sales invoices, employee expenses etc. By leaving these in the hands of our expert team, you can focus your attention on what really matters. We can even recommend and implement software designed to make your financial information secure and easily understandable.
Bookkeeping focuses on the processing and filing of financial data and documents. These are called your prime records and includes sales, purchase invoices and bank transactions.
Accounting focuses on the presentation of your financial position and performance over a specified timeframe and can include annual accounts or periodic management accounts.
However, depending on the size of a business, there can sometimes be an overlap between the two.
The core responsibility of a bookkeeper is to process your sales invoices, purchase invoices, bank transactions and expenses such that they can reconcile the company’s ledgers. They may also post journals to record other transactions such as PAYE and depreciation of assets.
The bookkeeping process can be broken down into four simple steps:
- Assessing a financial transaction and assigning it to the correct account.
- Creating a written record of the transaction that credit and debit the correct accounts.
- Securely storing the record in a ledger.
- Reviewing all records at the end of each accounting period and making necessary adjustments.
The above process is automated to a large degree with the use of software but a good bookkeeper is imperative in making sure what is entered is done so accurately.