BOOKKEEPING SERVICES

Preparation of your annual accounts and other business reports depends on accurate and timely bookkeeping.

KT Business Solutions can assist your organization by:
Entering purchase and sales ledger documents
Preparing bank reconciliations
Preparing trial balances
Producing creditor and debtor report
Preparing cheque payments
Setting up computerized or manual bookkeeping systems

PAYROLL SERVICES

We can assist with all payroll matters including Employer PAYE registration, running of weekly or monthly payroll including tax and national insurance
calculations and production of payslips together with all year end filing requirements.

Our dedicated payroll services manager will look after all your payroll needs, weekly, fortnightly, monthly or quarterly.

We provide a very hands-on service that liaises with you over all payroll issues and employee questions about their pay.
You will be sent payslips and HMRC payment detail.

VAT RETURNS

We take away any concerns that you might have about meeting filing deadlines by completing and submitting VAT returns on-line for you, allowing you to concentrate on your organization. Preventing the prospect of missing important deadlines will ensure that you will not incur penalties and interest.

Many businesses are required to register for VAT and lodge regular returns.

We can assist by:
Applying for VAT registration if required
Advising the best VAT method to adopt (cash, accruals or flat rate)
Preparing and lodging your VAT returns
Assisting with enquirer and assisting your external accountants and tax advisers.

MANAGEMENT ACCOUNTING

The preparation of management accounts are necessary to assist in making business decisions and will be requested by your auditors, bankers, Inland Revenue and other third parties. We can prepare management reports on a monthly or quarterly basis. These reports are prepared in accordance with your policies and requirements.

Our management reports include:

Profit and loss statements
Balance sheets
Annual budget and forecasts
Variance reports- comparing budgets to actual

We can also attend any meeting were you discuss your management accounts report.

INDEPENDENT EXAMINATIONS

For the smaller organizations not requiring an audit, our in-house independent examiners can offer an Independent Examination. We would only recommend this where the organization is confident that it will not affect future funding, as an increasing number of local authorities and grant providers are requiring audited accounts.

We ensure your accounts are prepared in the correct format, relieving you of the regulatory burden and leaving you extra time to develop and expand your charity or not for profit organization.

We have procedures and practices to ensure high quality service is delivered every time, and Accounts are prepared in accordance with the relevant legislation for your organization.

An Independent Examination will include:

Review of the accounting records kept by the charity
Comparison of the accounts presented with those records
Consideration of any unusual items or disclosures in the accounts

OTHER SERVICES

​Cash-flow Forecast

​Credit Control

Internal Control Procedure

Consultancy, Advice and other support services