All businesses and organisations have to prepare annual accounts, whether they are in the private, not for profit, public or charity sector. This can be a daunting task to many people and if deadlines aren’t met you could be liable for significant penalties.

 

At Cube Accountants our team can help you prepare and plan for your year-end process, including providing guidance on a variety of issues relevant to your sector. We will work with you to ensure your accounting information is accurate and compliant with statutory and regulatory requirements, enabling you to focus on your core activities.

The preparation of management accounts helps businesses manage their affairs more effectively. The accounts are generally prepared on a monthly or quarterly basis, however clients may wish to prepare management accounts prior to their year-end in order to carry out a tax planning exercise to try and reduce their tax liabilities.

Preparing a set of management accounts can assist businesses in understanding:

• Business performance
• Business position
• Cash flow position
• Budgets & Forecasts

It is essential to have good accounting records whether you have just started your own business or have been trading for many years.  With the government focusing their attention towards making tax digital, there is no better time to be making the transition to cloud accounting.  Keeping your record up to date provides you with the information to make important decisions about your business.

 

We can provide all or part of our clients’ accountancy functions for them, such as:

• purchase and sales ledger,
• fixed assets,
• balance sheet reconciliations,
• quarterly VAT returns,
• profit and loss and monthly management reports.

The system we use is fully computerised and we can provide reports on a regular basis to suit your needs.