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Sole Trader Bookkeeping Service

If you are one of the UK’s many businesses which has opted to trade as a ‘sole trader’, choosing the correct bookkeeping service could be one of the most critical decisions you make. As a sole trader you have an unlimited financial liability. For this reason alone it is vital for you to choose a bookkeeping service provider who is experienced with tackling the specific challenges sole traders face.

Ensuring compliance on all fronts

At The Financial Management Centre we have set up a bookkeeping service aimed specifically at meeting the needs of our sole trader clients. Our bookkeeping service makes sure you are correctly registered with HMRC as self-employed. We will also try to make sure you take advantage of any benefits and reliefs available to you.  We will work with you to develop a simple system to efficiently collect your receipts and invoices. Making sure you keep records for all your tax-deductible expenditure is essential if you are to minimise you tax liability for the year.

Finally, a service letting you concentrate on what you do best!

The Financial Management Centre understands self-employed people do not possess the time to attend to the figures all day long. Our service may mean you can spend your valuable time on core business activities instead.

What our services include

Our services include the below list of tasks:

  • Prepare and process sales invoices
  • Post and allocate sales receipts
  • Credit control and debt chasing
  • Process, code and post supplier invoices
  • Post and allocate supplier direct debit payments
  • Production of cheques in accordance with credit terms
  • Post and allocate supplier cheques
  • Analyse and post petty cash payments
  • Payroll / CIS journal entries
  • Depreciation journals
  • Interest journals
  • Accruals and prepayments
  • Bank reconciliations
  • Calculation and submission of VAT returns

Call today on 0800 470 4820

Our sole trader clients include a range of contractors, freelancers and other small business owners. Your annual self-assessment tax return can be prepared and submitted for you as part of our sole trader bookkeeping service.  We work with all the market leading bookkeeping and accounting systems, including: Kashflow, Xero, Clear Books, VT Software, QuickBooks, Sage and CounterBooks.

Call us today on 0800 470 4820. The Financial Management Centre has offices all around the UK. Click here to find the location of your local centre.

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