Accountancy & Payroll

“It’s not the employer who pays the wages. Employers only handle the money. It’s the customer who pays the wages.” Henry Ford

 

We welcome getting to know our clients and establishing close working relationships. This is why we will work with you wherever is most convenient for you – we will happily visit and work with you at your home, your office or alternatively, you may send us your paperwork or share documents on a cloud based system (such as Dropbox) to enable us to work on your affairs at our BCS premises.

BCS provides a full outsourced accountancy service so that you can concentrate on running your business rather than wasting your energy managing your own in-house accounting function or worrying about the preparation of your accounting figures and associated declarations.  

Our services are absolutely flexible so that you can choose to either completely outsource all of your financial functions to us, or alternatively if you prefer, we will work with your in-house accounts team to support them in areas in which they require further expertise and advice. If you wish, we will train your own accounts team up for you so that in time, you will be able to take your accounting functions in-house once you feel confident to do so.

BCS provides accountancy services ranging from straightforward data entry through to financial statement preparation and board reports (including cash flows, budgets and forecasting information).
BCS prepares full year end statutory accounts and associated submissions. We will also work closely with you and your auditor (if applicable) to prepare a complete year end accounts file to enhance the effectiveness and efficiency of your year end audit process – reducing your time and worry at your accounting year end.
BCS has a qualified and experienced payroll team fully equipped to run your monthly payroll requirements and deal with the required HMRC submissions. We also supply a full BACS service so that we can remove the stress from you each month by ensuring all of your payments are made in a timely fashion.

Our management accounting functions include:

  • Invoice processing and control;
  • Processing supplier payments;
  • Processing expense reimbursement claims;
  • Processing transactions into accounts software;
  • Maintaining purchase & sales ledgers, bank & cash accounts and performing associated reconciliations;
  • Provision and review of management accounts and reports;
  • Preparation and submission of detailed quarterly/monthly VAT returns; and
  • FCA capital adequacy reporting (if required).

Our year end accounting functions include:

  • Production of abbreviated statutory accounts;
  • Production of full statutory accounts;
  • Submission of the above and liaison on your behalf with Companies House;
  • Completion of Corporation tax computations and CT600 returns;
  • Creation of iXBRL files and submission to HMRC; and
  • Creation of a Year End accounts file and Statutory Financial Statements (available for you to pass to your auditors if required).

Our payroll services include:

  • Setting up and registering new payroll schemes with HMRC;
  • Applying for P11D dispensations and PSA’s (PAYE Settlement Agreements);
  • Production of payslips, associated accounting reports and HMRC payment schedules;
  • Preparation of dividend forms and reports;
  • Processing BACS payments in connection with salaries, HMRC liabilities, drawings, staff expenses and supplier payments;
  • Processing statutory calculations;
  • Dealing with all payroll Year End reports and submissions, along with monthly RTI requirements; and
  • Working with you in relation to auto-enrolment legislation. For more information click here.


 “There is no such thing as luck. Luck is when preparation and opportunity come together” Unknown

   twitter