P. McGirr & Co Chartered Accountants provide Bookkeeping Services. We will;
Our services can be tailored for Limited Companies, Partnerships & Sole Traders.
Bookkeeping software
We are experts in each of the following software packages:
Our approach
Recording Transactions
We record all financial transactions, including sales, purchases, receipts, and payments, in a systematic and organised manner.
Double-Entry System
We use the double-entry accounting system, where every transaction has an equal and opposite entry in at least two accounts, ensuring accuracy and maintaining the accounting equation.
Categorising Transactions
Each transaction is categorised into specific accounts, such as revenue, expenses, assets, liabilities, and equity.
This categorisation helps in generating financial reports and analysing the financial health of the business.
Bank Reconciliation
We reconcile the business’s bank statements with the company’s records to ensure that all transactions match and to identify any discrepancies.
Financial Statements
We generate financial statements, including the income statement, balance sheet, and cash flow statement. These statements provide a snapshot of the business’s financial performance and position. These can be tailored towards weekly, monthly, quarterly and annual statements.
Compliance
Bookkeeping services help businesses comply with tax regulations and other financial reporting requirements.
Accurate and up-to-date financial records are crucial for meeting legal obligations.
Financial Analysis
We also assist in basic financial analysis by providing insights into the company’s financial performance, trends, and areas that may need attention.
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