In general, bookkeeping involves the recording, storing and retrieving of financial transactions. Some of the more common transactions are:
- Billing for goods sold or services provided to clients.
- Recording receipts from customers.
- Verifying and recording invoices from suppliers.
- Paying suppliers.
Why outsource your bookkeeping?
The day-to-day tasks of running your business mean dedicating your time planning and growing your business, working with your staff and, most importantly, ensuring you look after your customers. We understand, however, that paperwork and admin work can take up a lot of your precious time which could be better spent elsewhere.
Good bookkeeping is key to the effective operations of your business or organisation, as well as accurate monthly and yearly reports that will help guide you in the right direction. Our bookkeeping service is ideal for small businesses who recognise the need for accurate records, but don’t necessarily have the resources, staff or spare time to complete this important yet time-consuming task.
Our offices in Northampton, Rugby, Daventry and London offer monthly or quarterly computerised record-keeping services to businesses who do not have the resources to manage important data entry in-house. In addition to data entry, our bookkeeping service is even more comprehensive including profit and loss accounts, balance sheets, ledger reports and debtors’/creditors’ reports. This means that you not only free up your time but also get more useful information from the process.
Letting Cottons look after your bookkeeping takes the pressure away when it comes to gathering everything for your year-end accounts as we’ve been busy keeping on top of your bookkeeping throughout the year and will contact you to let you know if there is anything missing. Speak to our team to see how we can help you, we offer a free consultation and we will be able to answer any questions you may have.