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.

BOOKKEEPING SERVICES IN FAVERSHAM

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Why Choose TFMC?

Are you seeking a reliable yet affordable bookkeeping service in Faversham? If so, look no further than The Financial Management Centre. The Financial Management Centre is a bookkeeping and financial management specialist dedicated to assisting small-to-medium sized businesses operating in Faversham. We are dedicated to connecting your business with smarter, streamlined and more efficient accounting and bookkeeping practices.

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A NATIONAL SERVICE OFFERING A RANGE OF OFFERINGS

The Financial Management Centre services business located across the United Kingdom. This means you tap into our national resources when you sign up to our bookkeeping services in Faversham.

You may benefit from a wide range of services we offer from efficient bookkeeping, payroll to our easy-to-understand financial reports.

We also help you keep tabs on your cash flow and meet your compliance obligations. We take care of all bookkeeping needs such as transaction reporting, bank reconciliation, invoicing, accounts receivable/payable, business activity statements, payroll, as well as cash flow reporting and management accounting.

ALLOWING YOU TO FOCUS ON YOUR CORE BUSINESS ACTIVITIES

Let us take care of these issues so that you are able to stay focused on your business instead. Too many businesses in Faversham suffer from inefficient or inaccurate bookkeeping.

Many of these businesses end up paying too much tax. Alternatively, many of these businesses are hit with fines imposed by HMRC that is simply unnecessary.

To avoid this fate, contact The Financial Management Centre in Faversham today on 0179 5458586.

WHAT IS BOOKKEEPING?

Bookkeeping describes a process where you must record all expense and profit making transactions into the correct ledger account. Each month, you must ensure each ledger is in harmony to one another i.e. balanced. You must be able to balance your books on a regular basis.

If you fail to balance your books, you will have no idea where you are making or where you are losing money. Accurate bookkeeping allows you to understand turnover, gross/net profit, where you may be overspending and how owes you money.

ARE YOU MAKING THESE 5 BOOKKEEPING MISTAKES?

Without a correctly thought-out bookkeeping system, it’s easy to see why so many start-ups fail to succeed within the first two years of trading. If you incorrectly implement your bookkeeping system, you will risk the below common bookkeeping mistakes:

  • An inability to chase your debts
  • An inability to pay your debts as they fall due
  • An inability to pay the correct amount of tax
  • HMRC penalties due to late submission/poor compliance with reporting obligations
  • An inability to locate your key profit and cost centres

HOW WE CAN HELP YOU AVOID THESE MISTAKES

The Financial Management Centre in Faversham ensures you do not fall foul of any of the above scenarios. We achieve this by offering a multitude of sound financial management services in Faversham.

These services include bookkeeping, payroll, management accounts, auto enrolment, credit control and tax/VAT submission.

SAVING YOU MONEY AND HELPING YOU AVOID INCONVENIENCE

Our core-bookkeeping service is offered to you on an hourly basis. This ensures you only pay for work that’s actually completed. Unlike employing a bookkeeper on an in-house basis, you are not required to pay sick pay, maternity leave or holiday entitlement.

And because we maintain offices across the United Kingdom, we may act as your ‘one stop shop’ for all of your business locations across the country.

RELATED SERVICES WE OFFER IN FAVERSHAM

At The Financial Management Centre, we provide a range of related services in Faversham that are designed to ease the financial management burden you may face. Some of the services you may receive from The Financial Management Centre in Faversham include:

  • Ensuring your books are balanced
  • Invoicing and credit control
  • Debtor chasing
  • Management accounts
  • VAT return and tax return
  • Cash flow forecasting and business planning
  • Pension/auto enrolment set up

CONTACTING THE FINANCIAL MANAGEMENT CENTRE TODAY

For more information on our bookkeeping services in Faversham contact our team today on 0179 5458586. Alternatively, contact us through this website and a member of our team will contact you shortly.

Our Services

We help local Ashford and Maidstone businesses outsource their bookkeeping and accounting requirements so more focus can be put on the day to day tasks that come with running a successful business.

Bookkeeping Services & VAT

We understand that bookkeeping and VAT returns can be a distraction for businesses, we can take the burden away, allowing you to focus on developing your business.

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Management Accounts & Reporting

Management Accounts are reports that give you an up-to-date view of your finances, enabling you to make informed and effective business decisions based on performance.

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Payroll / CIS

At The Financial Management Centre we offer a national payroll service for businesses. Operating payroll can be time consuming for business owners and requires you to stay up-to-date with legislation.

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Business Plans, Budgeting & Projections

A Business Plan is a document which states what you plan to do and how. Typically associated with start-ups a business plan is used by an entrepreneur looking for funds to help get a new business started.

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Year End Accounts & Tax Returns

These are the services most commonly associated with accountants and are services offered by The Financial Management Centre.

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Credit Control

At TFMC we adapt our outsourced credit control services to our client’s requirements. Our aim is to drive business growth and improve cash flow.

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Auto Enrolment

Automatic or Auto Enrolment has been introduced by the Government to help people save for later life but with it comes a number of mandatory obligations that will be imposed on employers of all sizes, whether they have 1 or 1,000 employees.

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Accountancy

Our teams of accountants are readily available to help you, whether you are a small business owner who needs some structural advice, or a business wanting to outsource some of their accountancy tasks.

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See What Others Are Saying

Martin's expertise was a great help to me as I set up my accounts on a new online system. He saved me hours of frustration!

— Sharon Wilding – Board Trustee, Marketing at Kent MS Therapy Centre