Your Accounts Department

BOOK-KEEPING & VAT ACCOUNTANTS

WHAT IS BOOK-KEEPING ?

Book-keeping is the terminology when accounting data is entered into an accounting software from the following sources:

  • Bank transactions
  • Sales invoices
  • Purchase invoices also know as bills
  • Payroll records
  • Journals

WHY IS BOOK-KEEPING IMPORTANT ?

This process is extremely important to keep the business operating financially since this core information forms the basis of the following reports

  • Profit and loss accounts
  • Balance sheet
  • Cash flow
  • Tax liabilities which include business tax, PAYE and VAT

WHY IS BOOK-KEEPING CHALLENGING ?

As a business owner this task can be challenging either to manage it yourself or to oversee the work of the person employed to manage this

One of the options you have is to outsource the book-keeping to Virtual Finance who are experts in this area

WHY DO I NEED AN ACCOUNTANT TO MANAGE MY BOOK-KEEPING ?

Virtual Finance tells business owners that you can manage your book-keeping but the questions business owners should ask is:

  • Do I have the skills and training to do my book-keeping ?
  • Do I have the time ?
  • Does this task add value to my business ?
  • Will doing the book-keeping take away my time from growing the business ?
  • Is doing the book-keeping a good use of my time ?
  • Is doing the book-keeping really cost effective and saving me money or is it really costing me money?
  • What is the true cost if I get my book-keeping wrong ?

WHY OUTSOURCE MY BOOK-KEEPING TO AN ACCOUNTANT ?

  • Peace of mind that the book-keeping is been done accurately and on time
  • Frees up your valuable time to grow your business
  • Frees up your valuable time to spend with your family & friends
  • You do not have the training and time to do your book-keeping

WHY USE VIRTUAL FINANCE TO DO YOUR BOOK-KEEPING ?

Virtual Finance are more than book-keepers we are Chartered Accountants and business advisors who add value from the data we process for your business

Virtual Finance has your back and everything is managed for your business seamlessly

Virtual Finance have 20 years experience of managing the accounts departments for our clients

Virtual Finance in addition to the book-keeping add value in terms of managing your supplier relationships in terms of accounts payable with a cloud based accounts payable software

Virtual Finance gives you support via email and telephone every business day of the year we are there whenever you need us

Virtual Finance gives a 100% guarantee that if you not satisfied we will fully refund your money for that month

PAYROLL

Payroll services are required by businesses who employ team members

People are the most important asset for all businesses and a business must ensure that when it comes to processing your teams payroll each month it is done with accuracy, speed and delivered on time

Payroll is complex having to ensure you apply the latest rules and regulations, time-consuming and has to be processed within a short time frame each month

Our clients only need to supply the data in an agreed format on an agreed date and the rest Virtual Finance will take care of