BE Finance Book Keeping
Practice Areas
What can we do for your Company
Bookkeeping
Our bookkeeper creates financial transactions and creates financial reports from that information. The creation of financial transactions includes posting information to accounting journals or accounting software from such source documents as invoices to customers, cash receipts, and supplier invoices. The bookkeeper also reconciles accounts to ensure their accuracy
Develops system to account for financial transactions by establishing a chart of accounts; defining bookkeeping policies and procedures.
Maintains subsidiary accounts by verifying, allocating, and posting transactions.
Balances subsidiary accounts by reconciling entries.
Maintains general ledger by transferring subsidiary account summaries.
Balances general ledger by preparing a trial balance; reconciling entries.
Maintains historical records by filing documents. Prepares financial reports by collecting, analyzing, and summarizing account information and trends.
Complies with federal, state, and local legal requirements by studying requirements; enforcing adherence to requirements; filing reports; advising management on needed actions.
Managing financial records & recording data. Sales & Purchase Ledger Accounting, Credit Control & Debtors Management Accounts
Pay Roll services, Monitoring staff and company expenses.
Month End Accounts, Year End Accounts.
Preparation of reports for budget controls
Profit Loss Accounting & Trial Balance.
(In accordance with financial services regulations)
PAYE & Inland Revenue Corporate Tax & Vat Returns. RTI Payroll
(In accordance with financial services regulation & HMRC)
We can set up your accounting system on Sage 50,100,200
QuickBooks Pro Sun Accounts Oracle &
Else I can just simply record Transactions using MS Excel
Advisory
Tax Advice
We have knowledge of tax legislation to provide advisory and consultancy services to clients, ensuring that they pay their taxes in the most efficient way and benefit from any tax advantages and exemptions.
They keep up to date with changing tax laws and explain complicated legislation and its implications to their clients in simple terms
Corporate - working for business clients to make sure they are not paying any more tax than is necessary;
Personal - providing advice to individual clients, some of whom are private clients with large assets. The work is detailed and complex, and tax advisers quickly develop expert knowledge in areas such as:
Corporate; International & Iinheritance Tax; National Insurance;
Personal trusts and estates; VAT. Clients can include large and small companies, partnerships, trusts and individuals.
Financial Software
As an IT Finance Software Advisor advising how to use information technology in order to meet their business objectives or overcome problems. IT advisor may be used to provide strategic guidance to clients with regard to technology, IT infrastructures and enabling major business processes through enhancements to IT.
Meeting with clients to determine requirements; working with clients to define the scope of a project planning timescales and the resources needed;
Clarifying a client's system specifications, understanding their work practices and the nature of their business and defining software, hardware and network requirements;
Developing agreed solutions and implementing new systems, presenting solutions in written or oral reports, Designing, testing, installing and monitoring new systems; Preparing documentation and presenting progress reports to customers; organising training for users and other consultants.
Payroll
Processes an organisation's payroll in a timely and accurate manner. Create and maintains employees' payroll records. Calculations wages and applicable deductions based on employee attendance and timesheet records.
Processes companies payroll every pay period
Maintains payroll processing system and records by gathering, calculating, and inputting data
Computes employee take-home pay based on time records, benefits, and taxes, Answers staff questions about wages, deductions, attendance, and time records
Receives and coordinates requests for leave and other absences
Handles changes in exemptions, job status, and job titles
Adheres to payroll policies and procedures and complies with relevant law
Identifies, investigates, and resolves discrepancies in timesheet and payroll records, Honours confidentiality of employees' pay records
Completes payroll reports for record-keeping purposes or managerial review
Determines organisation's tax obligations by calculating national and council taxes as well as National Insurance contributions
Performs the distribution of wages through issuance of paper checks or direct transfers to employees' bank accounts
Cash Management
Manage incoming and outgoing cash effectively on a daily basis.
Develop strategies to optimize cash position of the company.
Predict cash requirements and cash position through analysis of budgetary needs and financial reports.
Forecast daily cash position by utilizing cash receipts and disbursements.
Analyze cash flow mechanism of the company and prepare monthly variance report.
Maintain integrity and accuracy in financial transactions and reports.
Develop investment and loan procedures by analyzing fund needs and surplus funds.
Follow standard procedures to improve efficiency in cash collections, funds transfers, cash disbursements, month-end account closing activities, and inter-departmental reporting.
Create new systems to optimize cash inflow from different business activities and reduce the risk of credit losses.
Update accounting database for daily financial transactions.
Maintain a backup for all the financial data. Resolve any issues related to foreign currency exchange.
Maintain security and confidentiality of financial records.
Develop professional knowledge on cash management processes and techniques.