From bookkeeping services for small businesses to a full management accounts service for larger companies, we can help your business to run more efficiently and grow profitably.
Our accounting services include:
Bookkeeping
Start-up businesses and smaller concerns may require assistance with the efficient recording, storing and retrieval of transactions. We provide a full bookkeeping service that will take the stress out of managing your business's finances.
Annual accounts
All UK registered companies are required to submit annual accounts (also known as 'statutory accounts') to Companies House and HMRC. Depending on the size of your business, a director’s report and an auditor’s report may also be required. We can assist with the preparation and submission of your accounts and reports to ensure compliance and adherence to deadlines
Management accounts
Management accounts are generally produced for use by the business’s managers or owners. They offer financial analysis to inform business strategy and support a business in achieving its goals.
Usually produced on a monthly basis, management accounts present information that enables decisions to be made or remedial action to be taken as early as possible. This capitalises on opportunities or cost savings and reduces waste.
The benefits include:
- Improved cost control
- A basis for setting targets
- Identifying profitable and non-profitable products or customers
- Identifying effective and ineffective areas of the business
- A way to share financial data with colleagues
Payroll
A crucial function of any business is an efficient payroll system. Managing payroll is complicated, must be done on time and employers are responsible for any errors that are made.
We can provide a comprehensive payroll management service that is tailored to your business’s requirements. This can include:
- Employee payslips
- Monthly summaries
- Departmental reports
- Dealing with starters and leavers
- Provision of analysis of staff costs
- Real Time Information (RTI) PAYE returns for HMRC
- Assistance with automated payments
- CIS returns
- Year-end employee summary P60s, P11D and P9D benefits and expenses returns
- Assistance with Work Place Pensions processing
The next step
If you would like more information about our accounting services, please call Alison Henshaw on 0191 567 8611 or email alison.henshaw@torgersens.com.
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