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NEED A HAND with BOOKKEEPING, BANK RECONCILIATION, OR VAT?

We take care of the mundane so you can relax

Honestly, who likes bookkeeping? You're not going to believe this, but we do...
Keeping track of your books is necessary for all business owners, as is filing VAT returns if you're VAT registered, but they don't have to be a drag. Focus on what you do best, while we handle your books 🤓

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BOOKKEEPING 101

What is bookkeeping?

Bookkeeping is the process of recording and reporting information about an organisation’s financial activities. Bookkeeping records important pieces of information such as sales and expenses, assets and liabilities.

Good bookkeeping practices mean your business maintains accurate records and makes sure that there are no discrepancies between what an organisation reports to the outside world and what actually happens within.

Why should I hire someone to do it for me?

You might ask yourself why a business needs to hire a bookkeeper. Why would you need someone to record and keep track of your finances, rather than do it yourself?

Alongside the legal requirements for you to accurately file these records with HMRC so that you pay the proper amount of VAT, a key benefit is that you have someone keeping track of your money so that you can make sure you’re not spending more than you have coming in.

This is especially important if you’re a small business owner because it can be hard to keep track of everything when you're wearing all the hats. Give yourself one less headache, and gift yourself back some admin time.

WHAT'S ON OFFER

Beany's bookkeeping services

Reconciling your transactions and preparing VAT returns.

Bank reconciliation

If you would rather be doing something else than reconciling your Xero file, let us do it for you. We love coding and checking and you can relax knowing it's all done right, and on time.

VAT returns

We prepare your VAT returns ready for you to review and pay. We also remind you of when and how much to pay, and even send an alert if you forget!
If you would rather be doing something else than reconciling your Xero file, let us do it for you. We love coding and checking and you can relax knowing it's all done right, and on time.
We prepare your VAT returns ready for you to review and pay. We also remind you of when and how much to pay, and even send an alert if you forget!
Meet Caroline, your potential Xero Hero
Caroline, Beany's support and Xero advisor

Bank reconciliation? Let us help!

Performing a bank reconciliation is a necessary chore for all business owners. Essentially, you compare your record of sales and expenses against the records your bank has because bank statements are reliable financial records. The purpose of a bank reconciliation includes finding and fixing any errors, identifying wrong payments, tracking profitability rather than relying on your gut feeling, and getting prepared for tax filing.

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Struggling with VAT returns?

Value Added Tax (VAT) is a tax on most goods and services sold by businesses. While it feels like a tax on businesses, it really isn’t - it’s paid by people living out their day-to-day lives.​

Businesses act like tax collectors for the government – charging an additional 20% (although sometimes it's just 5% or even 0%) on top of each sale, which they later forward to HMRC.

A business’s process of forwarding the VAT to the government is called a VAT Return. In the UK, most companies need to submit their tax return to HMRC every quarter.

FAQS

Frequently asked questions

Don’t see your answer? Reach out to us, we’d love to help!