Whether you possess a small business or a substantial association (in-house, onsite or online), Exclusive Accountants can take away all your hassle. Book-keepers are the unsung heroes of the accountancy world. It is their hard work and dedication that allows the glamour boys (and girls) at the top end of the profession to gain all the plaudits for producing highly detailed financial accounts and tax returns. Whilst that description may be slightly over the top, it does highlight the importance of getting the fundamentals right, because if the accounting records themselves are not properly prepared, the accounts derived from them will also be wrong.
Just provide us information about all your transactions including purchases, sales invoices and payments and our expert bookkeeper will certainly record all the transactions in an accurate manner.
An accounting system revolves around keeping ledgers to record every transaction, from the largest sale to the smallest petty cash expense. At the heart of any accounting system is the Cash Book. This records details of every financial transaction and allocates them to the various ledgers. The Sales Ledger, Purchase Ledger and Nominal Ledger are the main ones but there are many other sub-ledgers that also need to be maintained such as the fixed asset register, the stock records and various control accounts. The book-keeper must be able to reconcile these so that the balances match the amounts that actually exist.
A good book-keeper should possess the technical knowledge required to produce accounts up to trial balance stage. In addition, book-keepers must have sufficient knowledge of the business they are working for to understand the transactions themselves and how they should be recorded in the books. It is also important for there to be a proper audit trail so that you can drill down into the accounting records and see exactly what each account consists of and where the items originated.
We can either do your book-keeping ourselves on a weekly or monthly basis or train your staff to do it as an ongoing daily task so that the accounting records are fit for purpose when you come to do your statutory or management accounts. Please give us a call if there is anything we can do to help you with your book-keeping.