Frequently Asked Questions

Got Some Questions?

We think we have dealt with the most common questions that we get asked below, but if there is something that we haven’t covered then please get in touch and we’ll add it to our list.

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Frequently Asked Questions

Our system is so simple and quick to use, that we have calculated that our average client now does their book keeping in 20% of the time that they used to spend.

Taking an average of 1 hour per day spent dealing with invoices, receipts etc, this is now reduced to 1 hour per week. If you work 8 hours per day and 5 days per week, you will save over 26 days per year! That’s over 5 working weeks every single year! Trust us – we’ve done the maths…

So what would you do with an extra month each year? Spend time with family? Go on more holidays? Work on growing your business? Indulge in your favourite hobbies? The possibilities are endless.

Why not try it for 3 months and put us to the test?

All our fees are fixed – you never pay for any hidden costs. We agree everything up front so you remain in control of your spending.

Our system will save you time, and time is money. So it stands to reason that the more time we can save you, the more money you save. The time we save you (on average, you “gain” an extra month per year –see here) can be used to work on growing your business, servicing existing clients and becoming more productive in the way you work.

Additionally you are getting more than just annual accounts prepared for you – on our Executive packages and above we are providing regular management reports which help you stay on top of cashflow, manage debtors etc.

We recently saved one client over £20,000 in tax simply because we were able to access his accounts before his year end. Had he waited until after his year end to give us his records, the opportunity would have been missed and all that money would have gone to the taxman instead.

So why not our our claim to the test and see how much money we can save you?

Did you know that it’s a legal requirement to keep accurate records of your financial affairs? in fact, HMRC have the powers to fine business owners that fail to do this.

But we understand that it can easily become burdensome keeping on top of paperwork. And let’s face it, there’s always something more interesting to do right?

By using Xero and Receipt Bank along with our fixed fee packages, we make book keeping a piece of cake. Just raise an invoice (from your smartphone if you like) and everything else is taken care of. Your bank transactions get streamed into the software, and all your receipts and purchases simply get photographed by the app on your smartphone and pushed into the system.

So you no longer have to spend your Friday evenings swamped with crumpled paperwork and spreadsheets. And you get to sleep well at night knowing that if HMRC want to look into your accounts you have everything you need stored securely in our cloud based accounting system.

Doesn’t that sound nice and stress free to you?

So why not put us to the test and see how we can help you run your business more efficiently?

No, not at all. Our clients find that this way of working pays for itself many times over. Because we are continually logging into our client’s financial records, we are able to spot problems well in advance and offer truly proactive tax planning advice before it’s too late.

We can also spot potential cashflow issues and advise accordingly. And the majority of tax planning strategies can only be implemented before the year end – once your financial year has passed it’s often too late to do anything. In fact, we recently saved one of our client’s over £20,000 by doing this – way more than we charged in accountancy fees!

Needless to say, this resulted in one very happy client, and one not-so-happy taxman. Just the way we like things…

Very simple. If you can send an email then you can use this accountancy package.

You just need to raise invoices to your customers (which we show you how to do) and then use an app on your smartphone to capture your expenses and receipts. These purchases are then pushed into the program so that you don’t have to enter them again.

Your bank statements get streamed into the software on a daily basis, so all your information is always up to date. The bank transactions are then automatically matched to the invoices and expenses in the system, which makes bank reconciliation a doddle.

If you want to see a demo of this system in action then please contact us.

Xero is an online book keeping system. Originally from New Zealand (where they have a majority market share) they have now spread across the globe and have taken the business world by storm. You will complete your book keeping in a fraction of the time that it currently takes you, and because it’s cloud based you can access your finances anywhere that you have an internet connection.

Some of the features include:

  • Bank feeds
  • No backups required
  • Unlimited users
  • Free support
  • Beautifully simple interface
  • Our clients love using Xero and we’re sure you will too.

    Why not get in touch for a free demo and trial?

    Receipt Bank are an add-on partner for Xero, and we think that the integration is so great between the two programs that we offer this on all our packages.

    It’s a revolutionary way of capturing your expenses and purchases electronically. Simply use the app on your smartphone to photograph a receipt and watch as it’s seamlessly integrated with Xero, so that your records are kept up to date.

    You are given a unique email address so that you can give this to your suppliers so that they can simply email your purchase receipt straight into the software.

    If you’d like a free demo of how this works then please get in touch.

    So you’ve come here because you think all this is too good to be true, right?

    Well there are no catches. No hidden shocks. No nasty surprises. All you get is good old fashioned excellent customer service.

    Our packages are fixed fees, and any additional work that you need us to do is agreed up front so that you remain fully in control of your spending. And we hate being tied into complicated contracts so there are none. You simply have a rolling monthly subscription and if you decide it’s not for you then tell us and we’ll export all your data so that you can just walk away and use another system of your choice.

    So why not give it a try for 3 months and join our hundreds of other satisfied clients who have discovered how to save time, money and stress?

    We make this task really simple for you.

    Initially we send you a proposal (electronically of course, as we are an environmentally friendly company!) and once you have accepted this we contact you old accountant on your behalf. We do this for a couple of reasons:

    • Our of professional courtesy to keep them informed of your decision
    • So that they can hand over information that we need (such as tax reference numbers, accountancy working papers)

    In the meantime, we get you set up on our system so that you can start benefitting from this immediately.

    Of course, if you have a great relationship with your existing accountant and would prefer not to switch, then this is not an issue – we can still work alongside them. That way you get the benefit of having a simplified accounting system, we can still provide in year reporting to help you with tax planning, and then we bundle everything up so your current accountant can continue to do your year end work. And because your accountant receives a perfect set of records, their charges should be much lower than previous years!

    If you want to know more, or would like a free trial then please get in touch.

    No problem at all!

    The beauty of this system is that you never have to give up your valuable time to come and meet with us if you don’t want to. We can perform all the services that you require remotely, and we can communicate via email, telephone and Skype.

    We have clients all around the UK (and even overseas!) who we’ve never seen face to face and they find that our way of working massively streamlines the way they work and frees up their time to spend on their business.

    Of course, if you’re ever over this way then please do get in touch and pop in for a cuppa… 🙂