Bookkeeping services are a vital part of any small to medium business (SME). However, many small businesses underestimate the time and energy it will take to keep your books in order. That’s why we’ve tailored an outsourcing bookkeeping service that is perfect to SMEs in London, United Kingdom.
Benefits of Hiring CIGMA For Bookkeeping Services
If you’re an SME you will know that bookkeeping can be a tedious process. While you can hire an in-house professional, let’s be honest: They take up space, office supplies, HR resources and you have to pay them a full-time or part-time salary and hope they have the skills you are looking for.
By outsourcing your bookkeeping you are guaranteed service that is above board, submitted in a timely manner and you only pay for the hours that are needed instead of the employee’s salary.
Additionally, CIGMA offers multiple complimentary services that will make us your go-to online accounting agency in London for all your bookkeeping needs!
wHAT iS bOOKKEEPING?
Bookkeeping services manage the day-to-day activities in running a business. Capturing expenses, income, balancing statements and sometimes, payroll each cycle. These individuals ensure that your company’s daily finances are organised and ready for an accountant to analyse and create detailed reports.
Our Professional Bookkeeping Services
We have full-stack accounting services., but if you’re only looking at outsourcing your bookkeeping we can help! Our bookkeeping services include:
- Preparing purchase orders in accordance with requests for materials
- Handling subsidiary accounts
- Filing historical records and retrieving necessary documents as needed for others
- Researching and complying with federal, state, and local requirements as they pertain to the company's operations and financial activities
- Monitoring debt levels and ensuring compliance with debt covenants
- Recording cash receipts and handling bank deposits
- Maintaining petty cash
- Preparing information for auditors
- Keeping an annual company budget
- Recording financial transactions
- Handling accounts payable and receivable
- Completing tax forms
- Managing profit and loss statements and balance sheets
- Paying regular bills for the company
- Maintaining company ledgers
- Handling client invoices by recording and approving or denying the payments
- Appropriately coding payables to prepare them for the accountant's input later
- Distributing money appropriately to various departments within the company
- Invoicing deliveries and paying vendors for their goods and services
Our Other Services
We do more than just accounting...
Management Accounts
Running a successful business does not happen on a whim. That’s why at Cigma we take strategic financial analysis and planning seriously so you don’t have to
Self Assessment
Having a stable income comes with some additional responsibilities. Making use of the services of a registered accountant can help you get the most out of your self-assessment.
Corporate Tax
We help directors and companies sort out all the background financial responsibilities so that they can take care of the business they are passionate about.
Accounting
Get tax advice and assistance from CIMA and ACCA registered accountants with over 20 years of combined experience.
Book a FREE 10 minute call today
Take advantage of our free 10 minute consult to see which services you need.
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