Bookkeeping services

Accounting bookkeeping services for small businesses

Smith & Brown Certified Accountants are here to help you with your company’s bookkeeping. Recent surveys have suggested that for the average small business, completing and organising financial records and paperwork can take up as much as twenty percent of your available work time. For most businesses, that is time that could be spent dealing with customer problems, product or service development or marketing.

We understand that managing these finances can be stressful and time consuming for business owners. Smith & Brown’s specialist bookkeeping services are here to help. We can organise and manage your finances for you, leaving you to focus on the every day running of your company.

Smith & Brown’s accounting and bookkeeping services have helped countless small business owners in a variety of industries. From trades and services to retail and hospitality, Smith & Brown are here to help your business thrive.

Why do small businesses need bookkeeping services?​

Bookkeeping is a vital part of accountancy. If you want to have an accurate view of your business’ finances, then you need to keep on top of your bookkeeping each month. As long as your accounts are up to date, then you will know exactly how much tax your business owes and the amount of dividends you can take from your company.

The Companies Act requires all companies to keep ‘true and fair’ financial and accounting records for at least six years, and in some cases even longer. Receipts and invoices detailing all money sent and received by the company must be kept, as well as details of all assets owned, and any debts owed.

Unless you’re running a retail business, you always need to have details of stock owned at the end of the financial year, all goods bought and sold throughout the year, as well as the stocktaking list used to work this out. You also must keep records of who you bought and sold to and from.

As director of a company, you have an obligation to keep up to date records of all the above. Failure to keep records of your company’s accounts and finances can result in a large fine, as well as disqualification as company director.

 

Do I need a bookkeeper or accountant or both?

There can be a lot of confusion and misunderstanding about the difference between a bookkeeper and an accountant, such as:

  • A belief that by having an in-house bookkeeper there is no need to have an accountant.
  • That accountants don’t offer bookkeeping as a service.
  • That accountants are more expensive than a hiring a bookkeeper.
  • That bookkeeping is different from managing accounts and finances.

In fact, modern technology has removed most of the traditional differences between bookkeepers and accountants. Nowadays, most accountants are happy to also do the basic recording of day to day transactions on top of other accounting services. 

In most cases, it’s logical to use an accounting firm to do your business’ bookkeeping, as well as the preparation of the formal accounts and reports. Accountants, who offer bookkeeping as part of their service, help small businesses as this ultimately feeds into the statutory accounts process with the assurance that everything is monitored and checked.

 

Bookkeeping services from Smith & Brown

Smith & brown are here to help you to set up and manage whatever system of bookkeeping you require. If you want to use a traditional ledger and give it to us at the end of the tax year, that’s no problem. Equally, we can show you how to integrate cloud accounting systems and off-site data entry seamlessly into your current operation. 

You can even outsource your bookkeeping directly to us for a fraction of the cost of employing someone in-house; and with this option you’ll have access to our expertise and resources, resulting in a dramatic improvement in your data quality! All our bookkeeping solutions are designed to give you insight, control and easy access to your accounts whenever you need it. 

 

Why choose Smith & Brown as your bookkeeping firm?

We can help improve your collection: Our bookkeeping services can help small businesses improve their collection through improved documentation and invoicing.

We can help to increase profit: We help small businesses identify where they are most profitable by giving them all the facts and figures they need to make informed decisions. 

We can save you time: By allowing Smith & Brown to take care of their bookkeeping, small businesses can save lots of time and effort. Business owners can spend this time by focusing on the everyday running of their company.

We can help to maximise cash flows: Being a reputable small business accounting firm, we can help guide businesses in maximising their cash.

 

We build lasting client relationships like no-one else

Here at Smith & Brown, we understand that running a small business can be a demanding job, as well as time consuming! 

Above all else, we’re committed to understanding the ins and outs of your business and designing a bespoke accounting service that’s especially for you. Our accounting services are flexible, accessible and unlimited. Regardless of how you utilise our accounting and bookkeeping services, rest assured that we’ll ensure full compliance and honesty at every stage.

 

Smart growth for your business

Over the past twelve years we’ve developed a process-driven approach, which helps small business owners with the daily challenge of getting out from inside their business and staying on top of it. Our ‘Smart Growth’ uses the latest in data collection and processing technology to put you firmly in control of your business. We’ll help you find scalability and develop the confidence and vision you need to drive your businesses further.

 

Quality expertise

Over the years, we’ve handled lots of accounts and provided direction for hundreds of diverse businesses. Our qualifications and decades of experience mean that we understand the world of business and accounting. Whatever accounting service you may need, we’ve got it covered. 

If you need specialist advice, we can provide it for you through our extensive network of contacts in your industry. What makes Smith & Brown different from the rest is our commitment to understanding your needs and working with you to help you achieve your goals.

 

Our accounting services

We offer a bespoke fixed fee service for small businesses of all shapes and sizes. Besides bookkeeping, we also offer the following services:

Annual accounts

We can handle your small business’ annual accounts for you, meeting the submission deadline on your behalf, giving you the peace of mind that your submission will be complete and correct. 

Xero Cloud Accounting

This service gives you access to a huge range of real-time data about your business 24 hours a day. Cloud based accounting software gives you, your finance team and your accountant, access to the same data simultaneously without having to send it to each other by email or physical methods.

PAYE & payroll services

We offer a completely comprehensive Payroll service through our own sophisticated cloud-based software. Using this system, you can easily handle all your payroll requirements, as well as maintain a full HR database.

Business startup & company formation

We offer a comprehensive company formation service which goes beyond simply completing the paperwork on your behalf. We can offer you a free consultation or a series of discussions around the issues of incorporation, the risks and responsibilities involved, all with an eye for you, your goals and aspirations.

Corporate & business tax accountants

Does sorting your business’ corporation tax return fill you will worry and dread? Smith & Brown can simplify the process, so you don’t have to deal with HMRC, never miss a deadline and always pay the correct amount in tax.

R&D tax advisors

We can handle your claim for R&D tax relief from start to finish, whilst making sure it’s as smooth, hassle-free and cost-effective as possible. Rest assured that our team of R&D tax advisors are here to help make sure your claim is accurate and effective.

Personal tax accountant

We can handle your personal tax return no matter what state your bookkeeping is in! We’ll provide a flexible service to you that lets you give us the information we need in any way you like and takes away the hassle of sorting your finances completely.

 

Contact Us

If you have any comments or questions about your small business’ accounts or finances, Smith & Brown are here to help. Whether you simply want some advice, or to arrange a meeting with us face to face, get in touch. We look forward to hearing from you!

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Give us a call and find out how helpful and approachable we are.