Bookkeeping

P. McGirr & Co Chartered Accountants provide Bookkeeping Services. We will;

  • Assist you with record keeping and monthly reconciliations
  • Provide you with Accounting Software that ensures efficiency and accuracy.
  • Help manage and maintain your business records and accounts
  • Maintain daily bank feeds
  • Prepare & Provide Weekly / Monthly Management Accounts

Our services can be tailored for Limited Companies, Partnerships & Sole Traders.

Bookkeeping software

We are experts in each of the following software packages:

  • Sage
  • Xero
  • QuickBooks

 

Our approach

  • We set up your business bank feeds and assist you with live accounting records.
  • We complete the Bookkeeping and postings and provide live figures and reports.
  • We tailor the reports to your specific business requirements and help you stay on top of performance.
  • We receive discounted subscriptions on software of your preference and can assist you with any training requirements.

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.

× WhatsApp Paul