Bookkeeping

People often ask the difference between accounting and bookkeeping. While they share common goals, bookkeeping and accounting make up different stages of the financial cycle. Bookkeeping is the process of recording daily transactions consistently.

Many small or medium-sized businesses do not have the internal resources and knowledge for bookkeeping and therefore outsource it. With these clients, our first step is to gain a full understanding of their business and tailor our approach to ensure they receive the required level of service.

The complexity of a bookkeeping system will depend on the business size and the number of transactions made daily, weekly, and monthly. At Harvey Telford and Bates, we use SAGE and Xero accountancy software for bookkeeping purposes.

With the current phasing in of Making Tax Digital (MTD) are bookkeeping services will ensure you’re compliant with HMRC reporting.

Our Bookkeeping services include

  • Correct recording of financial transactions
  • Bank account integration
  • Organisation of paperwork