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Bookkeeping - Your Virtual Finance Management

We know that you need your financial information at your fingertips but bookkeeping and paperwork can be a hassle. Do you have the time to spare to keep it all up to date? Most business owners can not dedicate quite enough time unless they drop something else.

Unfortunately, it still has to be done! Leaving it unmanaged and out of control creates problems and potentially hefty accountancy bills further down the line. If you don’t keep books and records in good order, things will inevitably get missed. Small things here and there over time can add up to big consequences, including anything from late filing fees to HMRC investigations.

We know this is a real concern for businesses and yet it’s often left to the last minute in the list of priorities. With our virtual financial management service, you never need to worry.

Legally there is a requirement for you to keep financial records in a prescribed format.

We use Xero cloud accounting software to manage your bookkeeping which not only makes your life so much easier, it is a trusted safe and legally accepted format for your Real Time Information

What are the benefits of a cloud based accountancy system?

  • It saves hours of accounting hours

  • Your information can be accessed by you or your accountant 24/7

  • Access to up-to-date information and reports from any device with an internet connection

  • Your data is backed up! No lost papers or fears about broken laptops. Xero is always secure and backed-up automatically

  • Xero does it’s own updates! All software upgrades are automatically installed.

  • Your records are not only regularly maintained but available to you at any moment which is what we at Real Time Accounting are all about. Your financial information at your fingertips but without the headaches.


    We know that not everyone loves the number crunching. Bookkeeping is up there as one of the least enjoyed tasks for most people! Business owners like to make the money but not necessarily have to do all the money counting. Often it’s an evening or weekends job but we know that eats into your personal time with your family, friends or just relaxation time.


    These services are done weekly but can be done daily if required.


    Virtual Financial Management:


    Yes it will make you compliant.


    Yes it will save you time.


    Yes it will help you to build success. 


    Accurate information is essential to decision making. You need to know what is going right, and what is going wrong, in your business. Having the right data will help you make the best decisions leading to a more profitable and successful business.


    We don’t call it bookkeeping. It’s much more than that. It’s a Virtual Financial Management service.


    Setting up your cloud accounting system


    If you are not currently on a cloud accounting system we will set you up. 


    Setting you up with a cloud accounting system is a separate service with a separate price. Once again, we will give you a fixed price for that and a choice of options. 

    Popular add-ons


    Here are some of the related services that are most popular:


    Monitor your key predictive indicators (KPIs) with our Financial Dashboard


    We will set up your Financial Dashboard; a fully customisable screen showing you the key financial information you need to run your business. You’ll come to rely on this Financial Dashboard just as much as you rely on the dashboard in your car when driving.


    Monthly management reporting


    Management reports will give you a continually up-to-date complete picture of what your business looks like. In fact, this is such a powerful business planning tool banks very often insist on it as part of raising finance.


    Monthly cash flow forecasting


    Forecasting help you plan and will give you an early-warning signal if you are likely to face cash shortages. Our forecasting service looks at each of your forecast profits, cash and net assets giving you a complete picture of what your business might look like in the future. You can also see what the impact on cashflow would be if you were to take on a member of staff or buy a new vehicle or equipment before making the financial commitment first. In fact, this is such a powerful business planning tool banks very often insist on it as part of raising finance.


    Payroll


    If you are a limited company or have employees you will need to have a PAYE scheme set up and operate payroll. Many of our clients choose to let us then run the monthly payroll. Let us know if you’d like us to take away that hassle for you.


    CIS


    If you have sub contractors they would need to verified and make the relevant tax deductions and paid to HMRC on their behalf. They would have to send in their invoices and they would receive a monthly statement for their records and self assessment. Let us know if you’d like us to take away that hassle for you.


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