Bookkeeping
Professional bookkeeping services to keep your financial records accurate, organised, and HMRC compliant.
What is Bookkeeping?
Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business. Transactions include purchases, sales, receipts, and payments by an individual person or an organisation/corporation. There are several standard methods of bookkeeping, including the single-entry and double-entry bookkeeping systems.
While these may be viewed as "real" bookkeeping, any process for recording financial transactions is a bookkeeping process. At Shan Sohal Accountants, we ensure your bookkeeping is accurate, up-to-date, and fully compliant with UK regulations.
Daily Records
Recording all day-to-day financial transactions
Ledger Management
Maintaining accurate customer and supplier ledgers
Bank Reconciliation
Regular reconciliation of all bank accounts
Financial Reports
Clear reports for informed business decisions
The Work of a Bookkeeper
Bookkeeping is the work of a bookkeeper, who records the day-to-day financial transactions of a business. They usually write the daybooks which contain records of sales, purchases, receipts, and payments.
A professional bookkeeper will document each financial transaction, whether cash or credit, into the correct daybook—that is, petty cash book, suppliers ledger, customer ledger, etc.—and the general ledger.
Thereafter, an accountant can create financial reports from the information recorded by the bookkeeper. This ensures your business has clear visibility of its financial health at all times.
"Accurate bookkeeping is the foundation of every successful business. It provides the clarity you need to make informed decisions and plan for the future."
Why Choose Our Bookkeeping Services?
At Shan Sohal Accountants, we take care of all your bookkeeping needs so you can focus on running your business. Our services are fully compliant with Making Tax Digital (MTD) requirements and HMRC regulations.
Whether you're a sole trader, partnership, or limited company, we provide tailored bookkeeping solutions that give you complete visibility of your financial position at all times.
Need Professional Bookkeeping?
Let us handle your bookkeeping so you can focus on growing your business. Contact us for a free consultation.