Accounting Service
Bookkeeping
At South Hams Accounting, we provide comprehensive bookkeeping services tailored to meet the needs of businesses in South Hams, Tiverton, Ivybridge, and across Devon.
What We Do
Our Bookkeeping Service
Our goal is to help you maintain accurate financial records, ensure compliance, and provide insights into your business’s financial health.
We offer a full range of bookkeeping services to support your business’s financial management. This includes managing financial records, processing transactions, reconciling accounts, and providing financial reporting.
1
Financial Record Management
Transaction Processing
We handle the day-to-day financial transactions for your business, ensuring every sale, purchase, receipt, and payment is accurately recorded.
- Sales Invoices | Create and manage invoices to ensure timely billing and collection.
- Purchase records | Track all purchases to keep your accounts payable up-to-date.
- Expense Management | Record and categorise business expenses for accurate financial reporting.
2
Account Reconciliation
We ensure your bank statements match your business’s financial records, identifying any discrepancies and rectifying them promptly.
- Bank Accounts | Regular reconciliation of all business bank accounts.
- Credit Card Accounts | Monitor and reconcile credit card transactions.
- Petty Cash Management | Keep track of petty cash expenditures and balances.
3
Financial Reporting
Our bookkeeping service includes the preparation of essential financial reports to help you monitor your business’s performance.
- Profit and Loss Statements | Provide a clear picture of your business’s profitability over time.
- Balance Sheets | Summarise your business’s assets, liabilities, and equity at a specific point.
- Cash Flow Statements | Track the inflows and outflows of cash to manage liquidity effectively.
4
Compliance and Accuracy
We ensure your financial records comply with relevant accounting standards and regulations, reducing the risk of errors and penalties.
- Tax Compliance | Keep records accurate and up-to-date to facilitate smooth tax filing.
- Audit Preparation | Maintain organised and thorough records to prepare for potential audits.
- Regulatory Adherence | Ensure all financial practices adhere to the latest accounting standards and legal requirements.
5
Tailored Bookkeeping Solutions
Our bookkeeping services are flexible and can be tailored to meet the specific needs of your business. We offer:
- QuickBooks, Xero, and FreeAgent Support | Expertise in leading accounting software for seamless financial management.
- Customised Reporting | Tailor financial reports to provide the insights most relevant to your business.
Chartered Accountant Serving Devon
Contact South Hams Accounting Today
At South Hams Accounting Ltd, we are dedicated to providing exceptional accounting services to individuals and businesses in South Hams and Devon.
If you have any questions or would like to get in touch, please call, email or use this form.
Contact Details
Business Hours
Monday – Friday: 9:00 AM – 5:00 PM
Saturday – Sunday: Closed