| Maintaining proper accounting records and preparing accounts is a necessity for all businesses to comply with tax legislation and the Companies Act 2001 and we can assist you with both. Our approach is to study your requirements and propose solutions which are tailored to your needs and cost-effective for you.
We regard the preparation of the accounts of your business not merely as a compliance exercise but as a process which provides you with meaningful insight into the performance of your business so that you can manage it better. This is why we initially spend time with you in understanding the key elements of your business and your information requirements. Based on this understanding, we design the format of your management accounts so that your attention is immediately drawn to critical or unusual matters and you can, at a glance, analyse the performance of your business. We also ensure that your accounting system and your chart of accounts are suitably adapted to provide the information which should appear in your management accounts and can recommend the use of an appropriate accounting software for this purpose.
With the design stage over, we can, at your request, maintain your accounting records. Should this not be cost effective, we can train a member of your staff to carry out this function and supervise his work in the intial stages. We can then intervene at appropriate intervals, depending on your requirements, to carry out a review of your management accounts and finalise them after making any adjustments we consider necessary.
Upon finalisation of your management accounts, we can hold meetings with you to discuss any salient matters arising from our review. We may also be able, during the course of those meetings, to make certain recommendations to you on possible improvements to your business.
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