Your options at a glance
The table below summarises what is included within each of our cloud accounting service levels. To help you identify the best option for you here is a quick overview:
This is the best option for busy business owners who want the maximum out of their cloud accounting system and get access to the key metrics so they can make the best business decisions based on the best quality information.
This is our most popular option because you get valuable monthly reports to help you manage your business, general advice and we’ll even produce your year-end accounts for free.
This option is best for those business owners who are simply looking to get the basic entries done to ensure being compliant with HM Revenue and Customs.
|Your options in detail||Premium package||Full package||Entry package|
|Supply of your paperless expense and receipt processing system||yes||yes||yes|
|Posting all business bank transactions||yes||yes||yes|
|Completing the monthly bank reconciliations||yes||yes||yes|
|Posting purchase invoices, expenses and cash transactions||yes||yes||yes|
|Credit card transactions and reconciliations||yes||yes||yes|
|Completing the monthly sales and purchase ledger reconciliations||yes||yes||yes|
|Completing the monthly VAT reconciliation||yes||yes||yes|
|Completing payroll journals||yes||yes||yes|
|Making adjustments for any foreign currency transactions||yes||yes||yes|
|Maximise your tax deductions*||yes||yes||yes|
|Unlimited email and telephone support||yes||yes||yes|
|Basic management reporting every quarter||Yes|
|Expense monitoring and advice||Unlimited||5 key expenses||NO|
|Precision accounting with accruals and prepayments||Yes||Yes||NO|
|Maintaining your fixed asset register||Yes||Yes||NO|
|Full management reporting every month||Yes||Yes||NO|
|Completion of VAT returns||Yes||Yes||NO|
|Completion of annual accounts||Free||Free||NO|
|Enhanced credit control||Yes||NO||NO|
|Weekly reports on your key numbers||Yes||NO||NO|
|Quarterly online (‘virtual’) business review meeting||Yes||NO||NO|
|Your holistic cloud financial system||Yes||NO||NO|
|Supply of cloud accounting software – typically retails at £300 per annum||Free||Free||Free|
Note:For most businesses we usually identify at least £1,500 of additional allowable business expenses that often lie unclaimed.
“The System will make your life easier and remove clutter by filing paperwork in the cloud.”
Get the most out of your business
If you would like a no-strings-attached free appointment to discuss implementing a cloud bookkeeping solution or You have a friend who would like help with their business then please contact our team.