People often ask: What is 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, therefore the best way to ensure this is completed accurately – and kept up to date – is to outsource it. Through our bookkeeping services for small and medium sized businesses, our first step is to gain a full understanding of our clients’ business and, through our learnings, we tailor our approach to ensure you receive the required level of service to best support your business.

The complexity of a bookkeeping system will depend on the size of your business and the number of transactions that you complete on a daily, weekly and monthly basis. At HTB Accountants, we use SAGE and Xero accountancy software for our bookkeeping services.

Over the last few years there have been a number of changes that have emerged that affect the way business owners manage their accounts. One of these changes is the introduction of Making Tax Digital (MTD). Through our bookkeeping services in Shropshire, we will ensure that your business is utilising the most up-to-date software and processes, and will give you peace of mind that you’re complaint with HMRC reporting.

Our Bookkeeping services include

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

For more information on our bookkeeping services and how we can support your business, get in touch today. If you feel that you also require help with accountancy, take a look at our accounting services for more information.