BOOKKEEPING SERVICES
Whatever the size or type of your business, we can offer a bookkeeping solution designed to meet your needs perfectly.
Since 10 years we are Specialist Advisers for:
Business Bookkeeping Services
At Wigepa, we offer a wide range of business bookkeeping services to allow you to choose the perfect solution for your business. This ranges from compliance and advisory-only services to bookkeeping, right through to outsourced finance department and a virtual FD option.
Here we’ll focus on bookkeeping services, and how it might work if you ask us to include this in our accounting package for your business. Please contact us to talk to a qualified bookkeeper for a bespoke quote or see our monthly advisory prices for more information.
We'll make bookkeeping easy for your business
We would work with you to identify the best way to make bookkeeping as easy as possible from your businesses point of view. A typical service arrangement for a small business might be:
Sales invoices are raised by you (although we can offer this service).
All bank reconciliations and cost recording is done by us, keeping everything balanced and reconciled regularly.
You provide us with invoices/receipts for costs: e set up an ‘accounts@’ email address for your business, which we have access to and collect information ourselves.
We look after VAT returns, payroll, CIS returns, pension filings and any similar compliance obligations, always keeping you in the loop in terms of what is due to be paid, and when.
We can also provide monthly or quarterly management accounts to ensure you know how the business is doing and easily identify key figures or trends.
BOOKKEEPING, ADVISORY & TAX SERVICE
Determining your bookkeeping service needs
The system and level of work required to provide bookkeeping to the right standards of quality and as efficiently as possible will vary hugely from small businesses to large businesses.
So it is important to first look carefully at the existing bookkeeping system, determine the changes that may be needed, and come up with a plan for implementing changes and delivering what you need as quickly as possible, and with minimum disruption to your accounting.
Support and bookkeepers oversight services
It may be that you have good basic procedures in place, and ask our bookkeepers to provide support and oversight to ensure any queries and more complex or unusual items are dealt with correctly. This is a more ‘light touch’ approach and works well where you have either very simple transactions, some accounting experience yourself, or support staff who do.
Our bookkeepers can help ensure that for example VAT and other taxes are accounted for correctly at the point of entry, which is a common area where errors can arise. In addition, in order to have figures in your software that give a true representation of the business as you go, accounting entries such as depreciation of assets, work in progress and stock adjustments, allowances for tax need to be made.
Our bookkeeper involvement allows this to happen and ensures you have accurate results all of the time, and not be caught out by big surprises when you get to the year end and everything changes!
Outsourced bookkeeping service
Alternatively, you may not have the experience or time to do bookkeeping in-house, and prefer us to do it for you. This is a popular option for some key reasons:
It saves time and resources for you, so that you can focus on your business.
It ensures accuracy and quality of data and performance measures/reports you have access to, so you can make decisions based on the right information.
It ensures tax submissions such as VAT, PAYE etc are correct.
You’ll have peace of mind that your financial accounts are in-order with our bookkeeper services
Tailored accounting systems
This is just an example of our bookkeeping services, and there are numerous approaches we can take and systems we can implement in order to give you the solution you need. Many small businesses will have their own particular accounting requirements, and so we always tailor a specific system for you, to ensure you get exactly what you need from our bookkeepers.
Add-ons and integrations = efficient bookkeeping
We often use add-on accounting software to ensure the bookkeeping system we build is as efficient as possible, and technology plays a central role in this. Products with MIO CRM integrations such as Receipt Bank, Paypal, Revolut, Auto-Entry, Transferwise, Shopify, Woocommerce and many more allow us to link systems for efficient transfer and consistency of data, saving time and maximising financial accuracy.
See our MIO CRM Cloud Accounting Service