Bookkeeping For 12 Months
Bookkeeping for 12 months is helpful in maintaining a well-organised financial record for your business. But, what is bookkeeping for 12 months? It is a systematic process in which transactions, expenses, and income are recorded and categorised throughout the year. Bookkeeping for 12 months is a continuous process and diligently maintaining these records will lead to more accurate financial information; encouraging improved decision-making and simplifying tax reporting.
Has your company not actively managed its bookkeeping throughout the year? If yes, it has become essential for you, but don't panic! Affotax provides bookkeeping services for UK-limited companies. The bookkeeping service is significant for the annual tax filing process and allows you to focus on your financial details, ultimately helping you meet tax obligations. So why wait? Get a quote today!
Standard "Annual Bookkeeping" Package
Discover peace of mind in your financial records with Affotax's annual bookkeeping service. Our experts ensure accuracy and compliance. This package is ideal for businesses having an annual turnover < £25K.
Package includes:
- 12-month bookkeeping
- Full Transactions review
Premium "Annual Bookkeeping" Package
Your financial records with expert handling; our premium annual bookkeeping service ensure accuracy and compliance. This package is ideal for businesses having an annual turnover > £25K.
Package includes:
- 12-month bookkeeping
- Full transactions review
- Ensure tax compliance
Benefits of Our ‘Bookkeeping for 12 Months’ Services:
Keep your records complete and up-to-date for the whole financial year through our ‘Bookkeeping for 12 Months’ service. Reach new heights of comfort and success by streamlining your bookkeeping process – get a quote now!
FAQs:
1. What is bookkeeping?
The process of recording financial transactions, like expenses and income for a business is called bookkeeping. When the transactions, expenses, and income are recorded and categorised throughout the year, it is then known as ‘Bookkeeping for 12 Months’ or ‘Annual bookkeeping’.
2. Why is bookkeeping important for businesses?
Bookkeeping is helpful in maintaining a well-organised financial record for your business. It also encourages better decision making and it makes tax reporting simple.
3. What does a bookkeeper do?
A bookkeeper’s responsibility is to keep correct financial records, like tracking the income and expenses, and accounts payable and receivable. More responsibilities include:
- Reconciling bank statements
- Prepare financial reports
- Make sure the financial information is up-to-date and organised
- Assistance with tax filing
- Provide financial data to accountants for auditing purposes.
4. Can a bookkeeper do end of year accounts?
Yes, bookkeepers can do end of year accounts as they have the required expertise and skills to correctly complete end of year accounts.
5. Can a bookkeeper do tax returns?
No, a bookkeeper does not have the qualification of doing tax returns as tax returns are complex financial documents which require skills and expertise different from a bookkeeper’s. However, you can contact us and get in touch with a certified and reliable accountant or a tax professional to correctly handle your tax returns and in compliance with tax laws.
6. Can I customise your bookkeeping packages further?
Yes, our services are designed to meet our client’s needs and if a client wants to customise our package according to their needs, they can.
7. Is the bookkeeping process time-sensitive?
Timeliness is important in bookkeeping because you have to correctly record your financial transactions on time. If you are punctual in this regard, you could avoid errors and ensure data integrity.
Have more questions? We'll help you start your business off on the right foot with a seamless ‘bookkeeping for 12 months’ experience, so why wait? Get a quote now!
