Record Keeping

There are a number of reasons why it is essential to keep regular and accurate records of your income and expenses, and these include meeting Inland Revenue and Customs and Excise regulations, controlling your finances, and effective business management. Some sole traders and new businesses prefer to do their own bookkeeping but they often find it difficult to keep their accounts up-to-date, and that is why it is useful to let a chartered accountant do the hard work for you.

Using your records and receipts an accountant can provide an efficient, up-to-date bookkeeping service for individuals, small businesses and large firms. Among the records they will service for you are expenditures, receipts, accounts payable and receivable, and profit and loss. In some cases, accountants will even provide an online accountancy service where you can views your books and records at the accountants secure website after you've handed your paper copies to the accountant.