Accounts procedures

Are my records up to date?

Accounting reflects the main checks and balances that Company Law put into place to allow companies the benefit of limited liability to their owners.  Therefore, if you have a company, it is required by law to keep proper books and records and to prepare annual statutory accounts that comply with the Companies Act 2006 and accounting standards.  It does not matter if you are exempt from audit.  Even if you do not use a company, the tax legislation requires you to keep adequate records.

  • Simon Speller

    Simon Speller

    Principal

    Simon has been a Principal since 2008. His clients vary in size & type from small/medium sized enterprises to large FCA regulated businesses. Simon also heads up Sublime Accounting - our new cloud accounting solution.

    Contact Simon at our Watford office

    Read more

Are my accounting systems fit for purpose?

Many entrepreneurs use spread sheets to record their transactions.  These can work in the simplest of situations, but have a minimal chance of being accurate.  It is simply a fact that a spread sheet is a virtual piece of paper with a built in calculator.  It is very difficult to build a spread sheet which has robust checks and procedures. 

Let’s face it, for you as an entrepreneur, accounting is not exciting.  Yet it matters, not just because it is the law, but because if you do not have good records, you cannot know whether or to what extent you are successful.  Unless you do not care (yes, there are some that do not care), you will always find yourself frustrated without good systems.

Am I getting the information I need?

Robust accounting procedures will give you the information you need, when you need it.  It will help you to comply with the legal and tax requirements without any fuss.  It allows you to feel that your business is running like a well oiled machine… and that helps you sleep at night.

To find out more about getting your accounts into shape, call us on  +44(0)330 024 3200 and speak to one of our accounts experts.

Get in touch today

Hillier Hopkins is a trading name of Hillier Hopkins LLP, which is registered as a Limited Liability Partnership in England & Wales, No. OC303707. Registered Office: Radius House, 51 Clarendon Road, Watford, Herts WD17 1HP. Registered to carry on audit work in the UK by the Institute of Chartered Accountants in England & Wales and authorised and regulated by the Financial Conduct Authority. A list of members of the LLP is available at the above address. HH and Hi logos are trade marks belonging to Hillier Hopkins LLP. © Hillier Hopkins LLP.

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