Do You Need Bookkeeping Services for Your Business?
As a small business owner, you’re probably wondering whether a bookkeeping service is worth investing in. Hiring an accountant to take care of your books isn’t essential, but it can have a big effect for some businesses.
When you start running your own business, it’s tempting to take care of everything yourself. This is definitely possible, but business owners often find themselves stretched thin with their time taken up by tedious tasks. Hiring a bookkeeper is a great way to cut down on some of your daily chores, saving time invested elsewhere in the business.
If you decide to hire someone to take care of your books, the next thing to consider is whether you’d like an accountancy company or a dedicated bookkeeper assigned to your accounting records. Partnering up with our accountancy team gives you access to experienced bookkeepers and offers you a range of other financial services whenever you require them.
Contact us todayOur Bookkeeping Services
Small Businesses Bookkeeping
We are experts when it comes to small businesses, and we’ve worked with a varied selection of clients across Greater Manchester. We understand the unique demands placed on a small business and will tailor our services to exactly match your goals.
Small companies, in particular, can benefit greatly from outsourcing their bookkeeping. Keeping records is a very time demanding task that can take up big chunks of the day. Hiring an accountancy team or on-site bookkeeper will immediately give you more freedom.
Sole Traders/ Partnership Accounts Bookkeeping
If you’re a sole trader that struggles to keep on top of your records, then we can help you out. Our qualified bookkeepers can take control of your books, ensuring bills, transactions and invoices are all properly accounted for.
As a self-employed trader, you’ll also need to fill in tax returns at the end of each financial year. This is yet another long and tedious task that we can take off your hands. We’ll also be able to guarantee that the tax return is filled in correctly.
LTD Company Accounts Bookkeeping
Running a limited company comes with its own sets of intricacies and confusing situations. At Lumbview, we work with a wide selection of limited companies and have the experience to navigate this area in the most beneficial way to you and your finances.
This includes dealing with your corporation tax, self-assessment, dividends, expenses, year-end accounts and more. We’ll also dedicate time to managing your VAT records and prepare management accounts to keep you regularly updated.
Without years of experience in the financial world, it can be difficult to know what you’re entitled to – Lumbview will ensure that you save money and are never out of pocket.
Other Accounts Bookkeeping
Whether you manage a charity account or want to take control of your personal finances, our bookkeeping team would be delighted to assist you. We’ll listen carefully to your goals and set up your records to meet bookkeeping requirements with a friendly approach.
Contact Our Bookkeeping Company Today
If you think Lumbview bookkeeping sounds like a great service for your business, then don’t hesitate to contact us today – you can call us on 0161 793 9737 or use our handy contact form. We’d be delighted to answer any questions you have about bookkeeping or any of our other accounting processes.
If you’re Manchester-based, then you’re more than welcome to visit us in person at our offices. We have an accessible location in Swinton with car parking available outside.
Contact us todayFrequently asked questions
Bookkeeping Service FAQs
What Is Included In Bookkeeping Services?
Bookkeeping is the process of keeping accurate records about your business. These records should include up-to-date information about your financial affairs, including transactions, profits, and tax returns.
Lumbview’s bookkeeping services will record your daily transactions and ensure that the books are kept updated. Failing to keep records can result in hefty fines and the removal of your company director role – our accountants will guarantee that you’re never in a position to be liable for these fines.
Is hiring a bookkeeper worth it?
This completely depends on you and your business. Some business owners have enough time to keep accurate and up-to-date records, whereas others struggle to stay on top of their books. That said, nearly all businesses would benefit from the outsourcing of record management since they’ll have more time to invest elsewhere.
If saving money is one of your concerns, then it’s typically best to hire a reliable and efficient accountancy team for bookkeeping. A good accountant will be able to manage your records to the standard of a professional bookkeeper whilst also offering a full accounting service if you need it.
What duties does a bookkeeper have?
A bookkeeper has a range of duties that contribute to the efficient management of a business’s records. Bookkeepers are responsible for billing services and goods, recording transactions, and collecting invoices from suppliers and customers. Many accountants use modern accounting software to speed up this process and eliminate mistakes.
In addition, a bookkeeper may also assist with managing your company’s payroll. Payroll management is a service offered by Lumbview and can be easily integrated with our bookkeeping processes. The payroll is another task that can take up a lot of time if you don’t have someone to help out.
Finally, a bookkeeper will manage VAT information and keep accurate tax records. Maintaining precise tax records is essential for any small business and will ensure that you always know where you’re up to with regard to tax.