Why Financial Bookkeeping Is Important for your Small Businesses All small businesses need a good financial bookkeeping service to ensure that your finances are always in order. A bookkeeping service can cover everything on the financial side of your business from creating invoices, chasing up payments, preparing for tax deadlines and processing payroll. If you […]
All businesses whatever their size have to have a system for paying their staff. For small businesses it’s tempting to attempt to keep payroll in house, issuing payment on an ad-hoc basis by writing cheques, or issuing bank transfers for salaries at the end of the each week or month. However, this risks breaking HMRC […]
Finding a reliable bookkeeping service can be a daunting task. After all, the financial side of your business is key to its success. Luckily, BNA consulting have a wealth of experts on hand to provide one of the best and reliable bookkeeping service in London. Managing your bookkeeping tasks alone can be difficult and time […]
For every business, even those who employ a professional bookkeeping service it’s important to understand the basics. For many small businesses and start-ups bookkeeping can be a daunting process. However, if you’re struggling to balance your books every month, or are mystified by how bookkeeping works, then follow these straightforward tips to get your finances […]
Managing the payroll for your business is a vital but underestimated task. It can seem like a good idea to do it yourself when you’re starting out but as your business grows, it can be an increasingly complex and time-consuming process. The good news is that you don’t have to do it all yourself, there […]
What is Bookkeeping? Bookkeeping is the accounting process of keeping track of all relevant information regarding the transactions and financial activities of a business. Accurate and thorough financial bookkeeping is vital for any business as the success of a business is dependent on the bookkeeper accurately recording financial transactions based on supporting documentation. This documentation […]
What is a Confirmation Statement? Previously known as annual return, every year all limited companies must submit a confirmation statement to Companies House. This statement provides current information about the company, its officials, and the breakdown of its share capital on the anniversary of the company’s incorporation and is different to the company’s annual accounts. […]
When you’re just starting out running your own business it’s likely that you’ll be doing some of the bookkeeping service. However, as time goes by and your company grows it’s worth considering offloading some of the responsibility to a qualified expert, giving you more time to focus on your business and ensuring that your numbers […]
Statutory accounts are your company’s annual account which are created from the company’s financial records at the end of the tax year. They report on the financial activity and performance of your company and can be used to work out corporation tax. They must be sent to all shareholders and to the people who attend […]
Having an efficient payroll system is an integral part of any business where employees are paid on a regular basis. It is possible to do payroll manually to save money, however this can often be a false economy as having a good computerised payroll system can help you pay your employees faster – whilst eliminating […]