At Raw, we make sure your small business bookkeeping system is fit for purpose, giving you the information you need when you need it.
As the saying goes, if you put Rubbish in you can expect Rubbish out. Get the basics wrong here, and everything can quickly unravel. Accounts can’t be relied upon, VAT returns become onerous, and more importantly you can’t have confidence in your business’s numbers. But accurate, timely bookkeeping provides a real time snapshot of your business and can unlock potential. That’s why all our small business accounting services include bookkeeping and VAT support as standard. Here’s what else they include.
Bookkeeping has changed radically over the last few years and thanks to the rise of online accounting software and receipt scanning solutions like Dext (ReceiptBank) or Hubdoc, gone are the days of long hours manually entering data. There is no longer any excuse for small business owners or limited companies to not keep books and records up to date.
But why’s this important for small businesses especially? Because it gives you a timely, reliable view of your small business; it allows us to tailor our recommendations and advice based on your current performance; and it speeds up things like VAT returns and annual accounts preparation because we’ve already got all the information we need.
Book your free consultation call with our chartered online accountants today.
A bookkeeping service designed for peace of mind
It’s so important to us as an accountancy firm that all our packages include bookkeeping support for our clients so that we can give you, the small business owner, the support you need in taking care of your financial responsibilities.
When we do the bookkeeping, we will use your preferred online accounting software alongside a receipt scanning solution to help with recording financial transactions. As a minimum we complete bookkeeping quarterly if you take our Standard package, or monthly on Premium or above.
We also periodically undertake a complete bookkeeping review of all your business finances, including business expenses, business transactions and tax returns. Consider it your business’s annual health check.
Why choose us for your small business bookkeeping services?
Our bookkeeping and VAT services for small businesses are made to take the hassle out of small business owners needing to manage their own bookkeeping when there’s so much else on their plate.
We’re qualified accountants offering a full management accounts service that can help with everything: from tax payments to financial reporting, to filing bank statements, overseeing management accounts, filing corporation tax returns and comprehensive income and expense tracking and even offering you advice on preparing for business growth.
Not convinced yet? Here’s why else you should choose us to firepower your small business bookkeeping and VAT.
The one thing that makes us unique is our dedication to tax efficiency. In fact, we’re so confident that we will save you money in tax season, that at the end of each year we provide all of our clients with a tax saving summary showing you exactly what we’ve saved you on your annual accounts.
We do this by reviewing tax rates and band changes each year, and ensuring your salaries and dividends are on the right side of them to save you from losing money in an avoidable tax bill.
We like surprises, but not the bad kind. That’s why we work on a fixed fee basis, and will tell you what the fee will be before we begin any work with your limited company.
And if you’re not completely satisfied with our service on any given month, we’ll provide you with a 100% money back guarantee. No hard feelings.
No leaving you in the dark when you need us. We pride ourselves on replying within 24 hours or less, and we’ll speak to you at least once a month anyway – just to check in. Plus we know that business isn’t always 9-5. So we can be available 8-8. Just tell us what works for you.
Small Business Accounting Bookkeeping FAQs
Is bookkeeping necessary for a small business?
Bookkeeping is important for any business, but it is especially crucial for small businesses. This is because small businesses typically don’t have the same resources as larger businesses, so they need to be extra careful with their finances. By keeping accurate records of their income and expenses, small businesses can avoid discrepancies and make sure that they are making sound financial decisions.
How do I do the bookkeeping for a small company?
The most important thing to do when bookkeeping for a small company is to keep accurate records. This means tracking all income and expenses, as well as any other financial transactions. There are many different bookkeeping services, software programmes and accounting methods that you can use to keep track of your finances, so it is important to find one that works best for you and your business.
What kind of bookkeeping is used by small business owners?
There is no one-size-fits-all answer to this question, as different small business owners will use different bookkeeping methods, depending on their needs. However, one of the most common bookkeeping methods used by small business owners is double entry bookkeeping, as whilst slightly more complex it gives a complete picture compared to single-entry bookkeeping and is increasingly easy thanks to cloud software like Xero.