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AboutAccounting.co.uk understands and delivers pragmatic
bookkeeping and accounting support to resolve the compelling
business problems being faced by small and medium sized businesses
in St Albans, Harpenden, Luton and the surrounding areas. If we are
doing our job then the savings we make will more than pay for our
services.
Common Financial Problems Faced By Small and Medium Sized Companies
Many small and medium sized businesses in St Albans, Harpenden and Luton are so involved in the sales and delivery of services or products that their accounting and bookkeeping quickly slips out of control which is where the problems start. The savings made by AboutAccounting.co.uk come from cost reductions, efficiency gains, maximising grants and avoidance of fines.| Business Problems | AboutAccounting.co.uk Services | Savings |
|---|---|---|
| Form Company | Arrange the company formation or transfer from sole trader, self employed to limited liability. | £100s |
| No Business Plan | Create formal business plan with clear financial objectives, business development plan and budget, plus regular reviews. | £100s |
| Ineffective Website | Website is not generating any new business. | £100s to £1000s |
| Losing Too Much Money | Detailed analysis of costs and recommendation on how to move into profitability. | £100s to £1000s |
| Unaware of Performance | Regular cashflow monitoring and performance reports to directors. | £100s to £1000s |
| High and Increasing Overdraft | Expert analysis and management of finances will guide the company in understanding how to reduce the overdraft and interest charges. | £100s to £1000s |
| Late Companies House Annual Filing | Prepare annual Companies House submission in advance with time for directors to review before ensuring filing on time. | £100s to £1000s |
| Inefficient Paper-based Accounting System | Conversion from paper to electronic accounting system to reduce costs and improve cashflow with appropriate expert training. | £100s to £1000s |
| Growing Pile Of Disorganised Receipts and Invoices | Careful organisation of expenses, invoices, statements and related financial paperwork. | £100s to £1000s |
| Late VAT Returns and Not Prepared For VAT Visit | Precise organisation and structuring of sales and input costs according to HM Revenue and Customs rules plus preparation of VAT returns on time. | £100s to £1000s |
| Unaware of Grants For Small and Medium Sized Business | Increase awareness of potential small business grants and support for the application process. | £100s to £1000s |
| Debtors Taking Long Time To Pay Forcing Up Borrowings | Implement credit control system that will reduce average debtor payment period and reduce borrowings. | £100s to £1000s |