Bookkeeping with Management Accounts

BookCheck provides an integrated Bookkeeping with Management Accounts service that helps businesses boost profitability.

Most firms offer book-keeping or management accounts – but at BookCheck, we provide both book-keeping with management accounts, together. Not only that but we guarantee that your management accounts will always have been both thoroughly checked and issued personally by a qualified accountant. It’s quality management information which differentiates us from the crowd. Clients choose us to solve problems – that’s our focus in delivering reliable data and professional insight. Just what your business needs. 

How BookCheck Works

We input your book-keeping data into Sage or Xero and then transform it into structured, reconciled information.  We then provide you with analysis and insightful reporting – information you can understand and act upon. At the year end we supply a clean set of draft accounts directly to your accountant.  

Working within your business

BookCheck assigns to your business a dedicated bookkeeper, giving you a single point of contact for all your queries. You will still be in control of your day-to-day sales, purchasing, stock and banking. We will be handling the Purchase Ledger, month end posting, reconciliations and Sales Ledger (on request).
 

Sales Ledger

Purchase Ledger

Nominal Ledger

  • Input sales*
  • Input sales receipts*
  • Check quality of balances*

*Sales Ledger items are usually handled by clients themselves but BookCheck can carry out these functions if required.

  • Input purchase invoices
  • Input payments
  • Reconcile supplier statements
  • Produce Aged Creditors as the basis for paying suppliers
  • Input bank payments and receipts
  • Input Petty Cash transactions/summary and reconcile
  • Input Credit Card payments and reconcile
  • Input Payroll summary & reconcile
  • Reconcile bank accounts
  • Reconcile Factors / Invoice Discounting
  • Reconcile VAT and produce the Return
  • Accruals and Prepayments
  • Depreciation
  • Month end procedures
  • Data verification and backup

Business Growth

Quality management accounts information is crucial in maximising your profitability. Our unique world leading BAR - BookCheck Advanced Reporting helps our clients make strategic and well-informed decisions about where to take their business. For example you may focus on under-performing product lines, boosting margins or decreasing overheads. Our speciality is splitting a business into separate profit centres such as by location, type, contract or product. If you can measure it you can Improve it, is our motto. With clear information on margins, comparative performance, cost analysis and other KPIs, you can discover how best to boost your profitability. As a £3M client said “Now we have quality MI we can make proper management decisions” – it’s simple really.

Our tailored management accounts service

BookCheck’s 8 qualified accountants produce client-specific management accounts. We work in the cloud or onsite at your premises.

Our objective is to show our clients both to understand and effectively use the Management Accounts information to increase profitability and boost the value of the business.

Management Accounting reports contain the following information:

  • Monthly profit-and-loss with balance sheet
  • Gross margin - split any way that is valuable
  • Graphs and charts or numbers or both
  • Budgets reporting with variances
  • Comparison with previous years reporting
  • Draft year end accounts for your accountants
  • Year end opening-balance adjustments

Your accountant

You will have your own accountant and BookCheck will work closely with them in your interests. Our role is to supply a clean set of draft year-end accounts, together with reconciliations and notes – ensuring your accountant is working with reliable data. We can also provide accounts during the year, to assist with tax planning or business monitoring.

Interested? Speak to a Professional today