Annual Accounts & Taxation Compliance
We produce annual accounts for every type of clients i.e. IT professionals, doctors, Construction, management consultants, sole proprietors & traders, partnerships or companies. We do:
- EOY Journal adjustments
- General ledger scrutiny
- Reconciliation of assets and liabilities
- Preparing Excel and online Workpaper
- Analytical review and variance analysis during preparation of year end accounts.
- Produce final reports
- Finalisation of accounts
Bookkeeping
At GSJ AccuBooks, we know how important accurate bookkeeping is. It’s vital for the health of your business and it can keep costs down as accountants generally charge more if your books are kept badly.
GSJ AccuBooks give special on outsourced bookkeeping work which is why we have specific staff working on this all year long. We believe that this area of work saves accounting practices a lot of their time and money if these services are outsourced. We prepare specific process notes for each file which are updated every month or quarter after receiving input from the clients to ensure that clients get error free book keeping every time. We do:-
- Entering purchase ledger documents (bills)
- Entering sales ledger documents (sales invoices)
- Bank Reconciliation
- Loan Reconciliation
- General Ledger
- Accounts receivables reconciliation
- Accounts payable reconciliation
- Intercompany reconciliation
- Fixed assets register maintain
- Taxation (VAT& CIS) reconciliation
- Setting up computerized or manual bookkeeping systems
Management Accounts
Management accounts show you the true profit without any tax minimization adjustments.
Additionally, management accounts are crucial to financial planning because they can measure performance of the company against the business budget and set targets year over year.
The profit from management accounts is the real profit and will help you understand how your business is really doing at any given point in time.
Regular reports as a part of outsourced accounting services allow monitoring cash flow, observing trends and seeking additional capital injections (if required) based on accurate forecasts. Business may have commercial loans with banks or financial institutions & management accounts are required on regular basis by lenders. These accounts are produced monthly, quarterly, half yearly or any other period relevant to client’s needs.
This is why we will create a distinct management accounting solution, tailored to your needs and help you set appropriate benchmarks to give you actionable insights.
VAT Returns
Do you need to be VAT registered? Which of the various VAT schemes is right for your business? What products and services or types of organisation are exempt or partially exempt from VAT? How do you set up accounting systems to deal with VAT and the demands of the tax authorities? What about your dealings with overseas businesses?
VAT returns are produced either on excel sheets or on the book keeping software being used by the client.
We will take care of all these headaches and more for you
- Applying for VAT registration if required
- Preparing and lodging your VAT returns.
Payroll Services
Using payroll software, we’ll pay your employees on time, ensuring they receive accurate payslips. At the same time we’ll create and submit your statutory reports to HMRC, such as Real Time Information (RTI) PAYE submission, which is due every time you pay your employees.
Whether you run your payroll weekly, fortnightly, four-weekly, monthly, quarterly or annually, we can:
- Produce and print the payslips
- Calculate maternity and sick pay, tax credits, student loans, benefits (e.g. cars) and any tax code changes
- Issue P45s, P46s, P35s, P11ds and P60s
- Process payroll through your accounts and track payments
- Complete your online filing and implement RTI
CIS Return
Construction workers, including builders, plumbers, joiners and site labourers who are using the CIS (Construction Industry Scheme) can claim CIS tax returns
We specialise in tax returns for people who work in the construction industry and get CIS tax deducted at source. We process your CIS tax return and submit it for you.
Accounting Software Conversions
Xero Conversion
We are providing Xero conversion services for smaill business, CA's and ACCA firm. We do:
- Xero organisation setup
- Customize chart of account.
- Setup bank with live feed
- Import fixed assets
- Import TB conversion
- Import Bank transactions
- Import all transaction from another software to Xero like MYOB, Quickbook etc.