Our services
Bookkeeping Services
What is bookkeeping?
Bookkeeping is the process of recording and storing the financial information of a business e.g., purchases, receipts, sales, and payments.
A good bookkeeping system needs to provide easy-to-understand information about your business that can then be used to make better business decisions. The information itself needs to be error free and prepared in accordance with HMRC rules and regulations.
Why do I need an accountant for my bookkeeping?
If you run a business then HMRC do expect you to maintain good bookkeeping records which show what is happening in your business. This is true whether you’re a sole trader, a limited company, in a partnership, a freelancer, VAT registered, or any combination of these!
Your bookkeeping records form the basis of every tax return that you need to send, so it’s crucial that they’re accurate. Good bookkeeping helps you avoid uncomfortable conversations with HMRC and any potential fines too.
Keeping your financial records up-to-date helps you keep track of any money you owe or are owed which will help with credit control and to spot areas where you could save.
Recording all the money that you spend on your business means you’ll be able to claim tax relief by clawing back any allowable expenses. Huge numbers of business owners go without claiming tax relief on their businesses every year.
How can we help
Bookkeeping isn’t the most exciting of activities, but it is important when it comes to the day to day running of your business.
Finding the time to enter receipts, keep up with invoices and log expenses can be difficult as a business owner. We are on hand to take care of those tasks for you.
Why choose LNS Accountancy for your bookkeeping?
Give yourself more time to spend on managing your business by letting us handle your bookkeeping efficiently and cost-effectively.
We will ensure that all allowable expenses are claimed ensuring you get the correct level of tax relief each year.
We will process your bookkeeping on a regular basis, using the latest technology. This ensures that you always have up to date financial information enabling you to make the best decisions for your businesses.
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