Covid-19 (Coronavirus) Update
Coronavirus is having a huge impact on all sectors of business. Despite this, businesses are still having to manage their books, file VAT returns, run payrolls and most importantly their credit control processes. TFMC is continuing to provide our full range of services through this difficult time. For the latest information and support visit our Blog section or use our app with regular updates sent direct to your phone.
The Financial Management Centre, over the last few years, has developed a dedicated bookkeeping service to meet the challenges faced by limited companies when it comes to their day-to-day bookkeeping obligations. These obligations differ to those applying to sole traders and partnerships in many ways. A limited company is treated in law as a separate legal entity to its owners and thus expenses and revenue must be accounted for separately too. Limited companies are required to file accounts with Companies House each year and companies are required to pay Corporation Tax. For these reasons it is imperative limited companies put in place a meticulous bookkeeping system from day one. Your decision to engage the services of a specialist limited company bookkeeping professional really does make sense.
MAKING HMRC FINES A THING OF THE PAST
If you are disorganised with company documents relating to expenditure and revenue you could either run the risk of paying too much tax or submitting your company’s tax return late; this will leave you open to HMRC financial penalties. Drastically reduce this risk by calling the Financial Management Centre today.
Our services include:
- 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 reconciliation
- Calculation and submission of VAT returns
CALL US TODAY ON 0800 470 4820
We work with all market leading bookkeeping and accounting systems, including: Kashflow, Xero, Clear Books, VT Software, QuickBooks, Sage and CounterBooks. Call today on 0800 470 4820.
The Financial Management Centre has offices all around the United Kingdom. Click here to learn the location of your local centre.
How can we help?
Unlimited Accountancy Support
Get access to support whenever you need it with our unlimited accountancy support service.
Dedicated Team Of Client Managers
All our clients have access to experienced client managers that are dedicated to making sure your businesses accounts are managed as efficiently as possible.