Bookkeeping Services Bromley Kent

bookkeeping services

introduction

Fitting in and adding value to our service

As you would expect we offer a full range of bookkeeping services, what Accountant doesn’t. Sometimes we are given a cardboard box and a promise everything has been sent. On other occasions, we are required, on-site, to carry out full bookkeeping services in the absence of any full time staff.

Either way, one of our key objectives will always be to try and add value over and above the obvious. For example, by looking at your suppliers, we may be able to recommend alternative, and more cost effective options.

manual bookkeeping

To make your life easier, you can simply:

Drop off or post

All your Invoices, Bank Statements, Purchase & Sales Ledgers and receipts.

We do all the processing

Produce financial statements to file at Companies House and abbreviated accounts to ensure the minimum amount of your financial information is made public.

Select from

a Broad Range

of Bookkeeping Plans

the benefits

It allows us to easily prepare for you:

Interim Management Accounts
VAT Returns
Key Performance Indicators i.e. profit margins
End of Year Accounts and accompanying notes
Estimated Tax Liabilities as you go along so there's no end of year surprises

Our aim is to achieve an accurate picture of your Business’s financial records in the least possible time and with the minimum fuss.

Request a

Fixed Price Quotation

Today

Only takes a few minutes!

Request Today

24 Hour Response

or why not invite us to

Review your Bookkeeping system and advise on:

Saving You …

… time and money

VAT errors - before the Vat Man finds them!
Specific training needed for book-keeping staff
How you could produce more relevant management information that is useful to manage your business.
How to get the most out of your existing Bookkeeping system

we supply and suport

Two of the leading Accounting Systems

one of the easiest

QuickBooks Accounting

QuickBooks Online is the #1 cloud accounting solution for small business worldwide and is one of the easiest online Accounting System as it learns about you and your business.

Many QuickBooks users do not need to have bookkeepers and actually enjoy doing their own bookkeeping on QuickBooks.

Xero Accounting

Xero is one of the easiest online accounting system, as it learns about you and your business. Xero will make useful suggestions to help speed up the time it takes to do your bookkeeping. Many Xero users do not need to have bookkeepers and actually enjoy doing their own bookkeeping on Xero.

Xero works anywhere and anytime, so you can run your business from home, office or the other side of the world.

Frequently Asked Questions

Yes, we can look at your existing Bookkeeping system / approach and confirm if it can be made more efficient. We will also look at your financial information requirements, to confirm if your current system will keep pace with your demands. If your systems are a little antiquated, then we may recommend alternative solutions, such as QuickBooks, Xero or any other suitable system.

This depends on your volume of activity, but, typically, we recommend 1 to 2 hours. If you are spending too much time on your Books, then we can look at ways of speeding the process up. We would rather you focus on running your business, rather than spending too much time on Bookkeeping tasks.

On an hourly basis or per 100 invoices and receipts. We also have various Pricing Plans, suitable for most businesses and these include built-in Bookkeeping facilities.

If you intend using a computerised system, then, typically, these handle all your transactional processing. If you envisage using a manual system in the meantime, taking into consideration Making Tax Digital (MTD) requirements, then keep separate books for your Sales, Debtors, Purchases, Creditors, Cash Book (for your bank transactions) and Petty Cash. Make sure to store all your documentation in a safe place.

We offer 2 half-days training on how to use QuickBooks Online. If you have a manual system and require training for a new staff member, then we can create a training plan for this, also.

You will need at least a basic, technical knowledge in bookkeeping. This is one of the subjects we cover at our Free consultation. Computerised systems can greatly simplify the bookkeeping process, due to their process driven approach.

Yes, simply because of accuracy, flexibility, and for HMRC’s Making Tax Digital (MTD) reasons. It could also help reduce your accountancy costs.

If you send in a document that contains a mistake, HMRC will charge a penalty if the error is: because of a lack of ‘reasonable care’; deliberate – such as intentionally sending incorrect information; deliberate and concealed – for example, intentionally sending incorrect information and taking steps to hide the error

The level of the penalty is linked to the reason why the error occurred. The more serious the reason, the higher the maximum penalty can be. HMRC can reduce the penalty if you help them to put things right.

Yes, we do. Typically, this includes: helping to install the new computerised system onto your business PC; finalising the data in your current system; enabling the balances to be carried over to the new system; then finally, run the two systems in parallel for a pre-defined period, to confirm the new system is working, as expected.

Yes, we can, and it would be prudent to do so, the earlier the better.

Client Testimonials

Eduardo Angel Tandazo

SIMPLE THE BEST We have been with SMO and Co Chartered Certified Accountants since we founded our business 12 years. ago. SMO and Co Chartered Certified Accountants are very knowledgeable and always rise to the challenge. Their knowledge with regards to the current and upcoming changes in legislation is spot on.

Ecoserve Cleaning Ltd

Robin Burnhams

Capital Gains on sale of property. Very well done. We were very impressed with Silver He provided a friendly and helpful service keeping us informed of progress at every step of the way in a complex Capital Gains account. His dealings with HMRC were very frustrating but he dealt with them with great patience until he succeeded in completing the account.

Private Individual

Lynn Nobel

Managed all aspects of the taxation of the discretionary trust from the online registrations, dealing with the fund managers and filing the tax returns (SA900) with HMRC on time. Makes life easy for me!

The Wilkie Trust

Lance Omal

Services before anything else! Provides prompt support to the business. He has impressive knowledge of overseas tax issues including Double Taxation Agreements. An experienced Chartered Tax Adviser, Silver’s tax planning skills have generated savings.

Psyko Jackson LLP

Jackie Anena

Invaluable Accounting Expertise and Service. SMO and CO Chartered Certified Accountants and Tax Advisors have been an invaluable asset to my small business. Their support has been consistently excellent, from their timely and clear communication to their organised and efficient approach.

Three Little Birds Events Ltd

Ray Abak

An impeccable service, second to none! SMO and Co Chartered Certified Accountants and Tax Advisors is such a professional, efficient and responsive company. They are honest, transparent and strictly adhere to the regulations when dealing with the client.

Acwec Ber Ltd

Rachel Okello

Highly recommended and an excellent service.

Rogols Solicitors