Accurate bookkeeping is crucial to any business. As well as it being a legal requirement (all companies must retain financial records, in enough detail, for six years), it will allow you to manage your cash flow more efficiently so that you know exactly how much money you are making.

For bookkeeping you should be retaining all your cash purchase vouchers and receipts, invoices for business expenditure such as utility bills, credit card statements, paying-in book and cheque book stubs (make sure they’re filled in!), payroll records (if you have staff) and VAT records (if you’re registered). The more organised these are, the easier bookkeeping will be! Don’t forget, that with Making Tax Digital you will soon be required to use Cloud Accounting in order to keep digital records of your expenditure and earnings.

By keeping detailed records of all the money that goes in and out of your business you can make sensible decisions of where you may need to cut costs or make more profit and ultimately improve your business. Having said that, keeping on top of all the book work can be hard work. Choosing to outsource your bookkeeping to an accountant means that you could spend more time focusing on running your business and be assured that your accounts are always correct.

Our Bookkeeping Service –

  • Receive your documents to file, organise, record and return to you with full references to aid future tracing of documents and maintain sound audit trial
  • Ensure all records are accurate and accounted for
  • Maintain tangible assets/equipment ledger
  • Produce and mail out sales invoices to your clients or customers to prepare the sales ledger for your company
  • Input all purchase invoices from your suppliers to the purchase ledger
  • Record all payments and receipts using a cash book system
  • Complete bank reconciliation to ensure transactions which have passed through your cash book match up to your bank statements
  • Highlight and support with credit control
  • Calculate your VAT (if your company is VAT registered or speak to us to get registered for VAT)
  • Complete payroll for employees
Bookkeeping

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Who should use a bookkeeping service?

Although it is not a requirement to use an accountant to complete your bookkeeping, most businesses will find it hugely beneficial. We would recommend using our service where:

  • You do not have enough time and may rush it, or miss deadlines and incur fines
  • You are worried about making mistakes
  • You find it difficult to stay organised
  • You do not like using technology and software to keep records
  • You would rather have more time to do other things
  • You would like your bookkeeping, tax and accounting all managed by one person
How much does Ridgefield Consulting charge for bookkeeping?

Ridgefield Consulting does not operate on fixed-fee charges. That’s because we don’t believe anyone should have to pay for more than what they need. Every client we meet will be different, so instead, we like to take the time to understand what it is they need, how much help they want and how they like to work. When we meet with you during a free of charge introductory consultation, we’ll let you explain just what it is you’re looking for. We’ll then provide you with a line-by-line quote (we strive to do so within two working days) so that our fee is completely transparent to you.

We like to ensure our clients see the value in our service, so to give you an idea on what we base our fees on, the factors we consider include the number of transactions per month, the format you will provide your bookwork to us in (paper format or digital data), the completeness of information you are able to provide for us, and any complexities which may arise.

Next Step

What to do if you want to use Ridgefield Consulting

The very first step is to get in touch with us! Give us a call on 01865 24 55 11 or complete the contact form below. Let’s arrange a convenient time for you to meet with us and go from there.

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