Business Records

Written by Katie
March 11, 2025
Business News

A&C Chartered Accountants firmly believe in businesses keeping proper books of account. There is no excuse for keeping poor books. We would go as far as to say that this should be a mandatory requirement. For far too long many businesses have got themselves into trouble by not keeping their books in order. We will only take on new clients now if we are happy that they are compliant in this regard.

There are a number of accounting software packages out in the market with Sage being one of the market leaders in the SME sector. We are fully up to speed with Sage and can supply, install and train you how to use it. You can also fully outsource your bookkeeping and accounts function to us and we will maintain it on Sage, or whichever platform you use.

These off-the-shelf accounting software packages have to cater for all shapes and sizes of businesses and have significant functionality. They are also not so easy to use. They can be overkill for most small businesses. It is not unusual for clients to buy the software but not get it out of the box as the prospect of learning how to use it is too daunting.

With this in mind, we have developed, tested and have now launched a very simple spreadsheet accounting system for our clients to use. As Chartered Accountants we know what is needed to satisfy your record-keeping requirements and our product ticks all the boxes. It is based on simple entry of your business transactions in a cash book format and it instantly gives you the following:-

Monthly profit and loss account – (so you can assess how you are getting on)
Monthly balance sheet – (to check your state of affairs at any given time)
Vat returns
Cash control
Estimate of your tax bill ( so you can put money aside )
and more

It takes you less than 1 hour for us to show you how to use it

As you may be aware the Tax Office is extending its Business Records Checks and they are targeting to check in the region of 20,000 in the near future. With penalties being proposed of up to £3,000 for serious inadequacies, now is the time to get your house in order.

Please contact us on 0161 962 1855 and speak to Paul to get the ball rolling.

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A&C Chartered Accountants is the leading independent accounting firm in Manchester, providing accounting and business advisory to startups, sole traders and SMEs.

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0161 962 1855
Manchester City Centre: 53 King Street, Manchester, M2 4LQ
Sale, Cheshire: 1A Marsland Road, Sale, Cheshire, M33 3HP

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