For most businesses this is the expected service which their accountant supplies. The service can be annual for the purpose of statutory accounts for Companies House or for the purpose of preparing figures for the self assessment tax return.
However, more and more of our clients are seeing the value of monthly and/or quarterly accounts prepared in the month following the end of the period concerned. The benefits are clear. Accounts are not out of date and of no value which is the most common argument of annual accounts. When accounts are needed, usually urgently, to arrange funding from a financial institution for a project, the process is easy, without the usual stress from time pressures on both sides. Not least of all, estimates of tax liabilities can be made well in advance to aid cash flow and planning generally.
By utilising such services there is also more contact between us and our clients. This triggers general discussion and enables pro-active advice as we are generally more informed through this contact anyway. |
