Accounts preparation

The preparation of accounts can be a time consuming activity, particularly if you’re not used to doing them on a frequent basis. At Barretts we can ease the burden of carrying out all your accounting activities, be it bookkeeping or preparing sets of accounts, thereby freeing you up to focus on your business.

As a business owner or director it is important to have up to date accounts, as these can help you:

• Provide annual financial records to the likes of HM Revenue & Customs and Companies House and the Charity Commission.
• Raise finance from financial institutions such as banks and building societies, or from various funding bodies.
• Show directors and shareholders (where relevant) how the business is performing and present ideas on what actions need to be taken going forward.

When preparing your annual accounts we use this as an opportunity to review your business and to suggest ways in which you could improve the running of the business or reduce your tax liability.

Management accounts

In addition to preparing annual accounts, we can also produce management accounts on a monthly or quarterly basis, depending on your requirements. These provide an up to date snap shot of how your business is doing and help you to make decisions on the running of your business. The contents of the management accounts can be tailored to suit the needs of your business, thereby helping to shape your strategic plans and to set future budgets.