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We specialize in providing tailored bookkeeping services to businesses. Keeping accurate records is an important part of running a business. And a company can gain a lot from having good bookkeeping procedures and practices.
Bookkeeping is the process of keeping track of and organizing a business’s or group’s money transactions. Basically, involves keeping track of income, expenses, and other financial transactions to help businesses understand their financial position.
Bookkeepers keep track of all financial transactions, like sales, purchases, and also payments, and make sure they are written down correctly in the right accounts.
Obviously, this information is then used to create financial statements, such as balance sheets and income statements, which provide valuable insights into a company’s financial health.
Good bookkeeping is important for all kinds of businesses, so no matter how big or small because it helps them stay financially stable and succeed.
It can assist with the preparation of important financial reports. For example, it can help with the preparation of self-assessment tax returns, year-end accounts, and VAT returns. By having accurate records, it is easier to prepare these reports, which can help to avoid late filing penalties.
Another advantage of good bookkeeping procedures is that they can help businesses manage their finances and cash flow.
By keeping accurate records of income and expenses, businesses can have a clear understanding of their financial situation, which can help them make informed decisions about investments, expenditures, and other financial matters.
Stewart Accounting offers bookkeeping for small businesses. We will fully install the package and provide training on how to use it. We will also offer ongoing support to make sure that businesses are happy and confident with the accounting system they choose.
Good bookkeeping procedures and practices are important for all businesses and can bring many benefits, such as better financial management, avoiding late filing penalties, and making it easier to make financial reports.
Stewart Accounting Services can help businesses choose the best accounting system for their needs and keep an eye on how well the system is being used. Don’t hesitate to take advantage of our services and get your business’s financial records in order today!
As a new business with little accounting knowledge, having Stewart Accounting take on our accounts and tax returns has been extremely beneficial and reduced the stress and worry over this aspect of the business. The personal service and speedy responses to our queries made us feel that we were valued customers even at our start up level. As we grow it is comforting to know that this side of the business is in good hands and being expertly managed.
