Flexible Accounting is a term that applies to the small business owner. As a small business you will be forever having to use your own personal funds to finance your business requirements. This can be due to a number of reasons, but the most common reason is that there are not enough hours in the day to deal with customers, suppliers and keeping up with the paperwork.
Wouldn’t it be great if you could have your bookkeeping carried out for you? Updating your financial data. This would leave you more time to focus on your core business. Just imagine dropping off your paperwork on the bookkeepers desk and then walking away. Then at the end of the month asking your bookkeeper. “Did Mr Smith pay for his last order”?
Well now you can with our flexible accounting system. All you need to do is to either securely post your receipts, invoices etc. to us. Alternatively upload your data to our secure server. After the first week you can, if you wish, look at the app. on your phone and see the state of affairs of your business.
From then on at regular intervals you either post or upload (both methods if you wish) your data and view your account at anytime of night or day.
Updating Your Books
We update your books on a regular basis, just as your bookkeeper would. You will be provided with the app. which shows your accounts at a glance. Such information as who has paid you and when. At the end of the financial year you will be provided with your business profit and loss, or any other report you require.
A problem that a lot of the self employed have (unless they are bookkeepers or accountants). Is keeping up to date with bookkeeping tasks. This causes a major problem at the end of the year when the books do not balance. As Xero software Certified Advisors we can set things up from the beginning. Take a look at the main Xero website to get a great insight as to it’s capabilities.
Your flexible accounting plan will cost £20 + VAT per month after the first 30 day trial period for the software, which you can use for as long as you wish should you decide to leave our service. Simply carry on subscribing for your software and update your own books. Should you decide to leave us your data will still be kept in tacked on the secure software server. All data that we hold, will be returned to you.
At the moment there is a free 30 day trial offer on the use of the software, you will only need to pay for our services in setting up the software and entering in your first months accounts.
The cost for setting up and entering data for the first month will be subject to the volume of your paperwork. Thereafter costs could be as low as £50 per month depending on the amount of work needed to keep your books up to date.
- First Month – Software Free Trial + set up fees (depends on volume of paperwork)
- Monthly – £20 + VAT (Software charge after 30 days trial)
- Serviced packages from £50 (we update your data and supply financial reports)
- Note: Serviced package charges apply from day 1 whilst taking up the software offer.
Price Plan Without Software
As part of our flexible accounting service we can help you complete your books using spreadsheets and keeping you updated via email or phone. All you need to do for this service is to send us your receipts, invoices etc. and we will enter them into a spreadsheet for you.
We could do this on a weekly or monthly basis, depending on the volume of your work. As there is no software involved this will take a little longer and costs could start from £80 per month or on a job by job basis – price on request.