Bookkeeping
Accurate bookkeeping is the foundation of every healthy business. Without up-to-date, reliable records, you cannot file accurate tax returns, claim all the expenses you are entitled to, or make confident decisions about pricing, hiring and growth. Our London bookkeepers keep your finances organised year-round using modern cloud software, so your numbers are always accurate and tax-ready.
What bookkeeping covers
Bookkeeping is the day-to-day recording of every financial transaction your business makes — sales, purchases, receipts and payments. It includes bank reconciliation, which matches your accounting records to your actual bank statements, plus tracking expenses and receipts, managing sales invoices, and keeping your records organised for VAT and year-end.
Done well, bookkeeping gives you a real-time view of your cash position, your profitability and your upcoming tax liabilities. Done poorly — or not at all — it leads to missed deadlines, lost receipts, overstated tax bills and last-minute panic at year-end.
How our bookkeeping works
We set up your cloud accounting software (Xero or FreeAgent) and connect your bank feed securely. Transactions flow in automatically, and we categorise them regularly so your records stay current. You simply snap or email your receipts and we handle the rest — no spreadsheets, no shoeboxes of paper.
Because your books are always up to date, your VAT returns, Self Assessment and annual accounts become quick and inexpensive to prepare. You also get clear management information whenever you need it, so you can make decisions based on facts rather than guesswork.
Why cloud bookkeeping matters
Cloud accounting software is now a requirement for Making Tax Digital for VAT, and it is increasingly the standard for all business record-keeping. We make sure your software is set up correctly from the start, with the right chart of accounts and bank feeds, so you get the full benefit of automation without the learning curve.
Frequently Asked Questions
Which accounting software do you use?
We work with Xero and FreeAgent. We help you choose the right one for your business and set it up correctly from day one.
Do I still need to keep paper receipts?
You should keep records of your expenses, but digital copies captured through your accounting software are usually sufficient. We show you the easiest way to store them.
How often will my books be updated?
That depends on your plan and transaction volume. For most clients we reconcile weekly or monthly so your records are always current and tax-ready.
Is bookkeeping required for Making Tax Digital?
Yes. Digital record-keeping through compatible software is required for MTD for VAT, and the requirement is expanding to other taxes in coming years.
Can you take over my existing bookkeeping?
Yes. We can pick up from your current records, clean up any backlog, and continue your bookkeeping going forward with minimal disruption.