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Accounting Services: Accounts Preparation
It is crucial to understand how to earn profit in a business. In order to ensure good business it is important to have a good business and profit model. Business is a process in which certain products or services are sold to earn profit on each unit. The amount of units sold is known as the sales volume. Profit is determined bys subtracting sales revenue from the net expenses. If all these process seem confusing for you, financial republic is there to help you out. We are one of the leading accounting service providers of the UK who can help businesses of any magnitude in accounts preparation.
Accounts preparation is necessary for a company to manage the profit and loss report and to have the budgeting framework. Budgeting is one of the most vital aspects of a business. It helps you understand profit dynamics and financial structure of a particular business. Professor William A Paton defines accounting as “ facilitating the administration of economic activity”. According to his theories accounting comprises 2 important phases:
Though most of the accounting services is concerned with fundamental bookkeeping but regularity has to be maintained in order to have a proper account of all expenditure and debits. We maintain every transaction big and small on your behalf. We are experts at preparing financial statements, which summarizes the transactions taking place in a company throughout the year. We are a professional accounting firm who help you prepare all kinds of accounts, which you require to submit to the Companies House at the end of the year.
Maintaining accounts is an important business operation. If you don’t keep a track of the regular accounts activity you will never know the worth of your establishment. Moreover, the financial statements we prepare also have the details of the assets acquired by the company. Thus to maintain transparency and increase reliability it is essential for every company to prepare accounts irrespective of size.
Once you get in touch with us, you don’t have to worry anymore about your accounts preparation and submission. We also prepare the company accounts for all our clients at an extremely affordable price. The accounts are generally of 12-15 pages. We prepare your accounts and also calculate the taxes. We also educate our clients about the different ways in which tax is calculated. Last but not the least, we take the onus of submitting the accounts prepared to the Companies house and the Inland Revenue within the stipulated time. We have tailor made accounting packages suitable for all kinds of businesses. We customize special accounting solutions for our clients as well. A general accounts preparation package includes:
Your search for a competitive accounts preparation company ends with us. Contact us today to know more about our services.
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