First you need to sign up to our different accounting packages. Please get in touch and we can talk through the different packages, provide a quote and answer any questions that you may have.
We agree a ‘Service Level Agreement’ through which we are clear on expectations and we have clear responsibilities assigned to both parties. We typically work on 12 months rolling contract basis.
We conduct a training session with the users of the system and provide an overview of how we require and guide about each step that is required.
We define a go-live date, which is usually at the start of your financial year start date and then work towards making sure everything is ready for you to go live with us.
We have two ways to capture your sales, this could be
You send us your daily business expenditure invoices and receipts through a platform call ‘Receipt Bank’. It has an app for taking photos, a web portal for scanning the invoices or a dedicated email address for your business to send your invoices.
Once we have taken all the necessary data for your sales and expenses, we then process that in the accounting system. After we’re happy with all the information, we start preparing your management accounts and these are finalised usually from 6th to 10th working day after the month-end.
We do a monthly supplier payment run for you and send you payment suggestions based on the trading terms, you can either pay them yourselves or we can setup those payments for you through your bank.
After your payments are done, we take care of reconciling your books on monthly basis and ensure all looks good.
Depending upon your package, we then have a monthly or quarterly business review with you to discuss how your business has performed in that performed. We also advise you how your future projections are looking and what can you do to achieve your annual targets.