Bookkeeping and Payroll.
Improving Financial Efficiencies since 2015.
Our Bookkeeping team are financial experts. We run our own Multi-Company Sage 50 Account, allowing us to draw up Financial Dashboards across the year. Working with our team, we can provide you with Balance Sheets, Cash Flow Statements and Profit and Loss Accounts across the year. Furthermore, we can participate at Board Meetings, presenting data back to your board and shareholders. Uphold financial excellence and efficiency with our team. Schedule a call with us to see how we can help.
We operate our own multi company Sage 50 accounting system but can also use client accounting packages. VIable perform all bookkeeping services including processing sales and purchase invoices, staff expenses, credit card and petty cash expenses. We also perform bank reconciliations , process payroll journals , reconcile control accounts (very importantly HMRC control accounts) and conduct monthly reviews of debtor and creditor ledgers. If required we can process supplier payment runs and take care of your VAT returns.
Our payroll service includes monthly processing of salaries. Once payroll has been approved we submit the Full Payment Summary (FPS) and Employers Payment Summary (EPS) to HMRC. We also upload all pension contributions each month to your pension provider for payments to be taken by direct debit from your account. We will also support you in any pension requirements.
Each year we liase with a variety of accountancy/audit firms, including Goldblatt McGuigan, Finnegan Gibson, Muir Addy, ASM, Baker Tilly Moore, and hand over the year-end files for audit or independent review and deal with any queries relating to the production of your year-end statutory financial statements. We can assist you with your year-end process, providing a seamless and professional service each year.
Financial Management Reporting
Again, in liaison with the team and board VIable will develop a customised financial dashboard for the organisation. Typically, this will include:
- Income and Expenditure for the period (with budget and variances)
- Cash flow statement both actual and projected for main bank account
- Balance Sheet (or Statement of Financial Position)
- Restricted/unrestricted fund schedules
- Cash flows for other bank accounts
- Overall Cash position
- Aged Debtors report and Number of Days
- Aged Creditors report and Number of Days
Think of Viable as your extended team. We will support the CEO during any process or simply be at the end of the phone if there are daily queries. We work with you and your team to provide the best support and solutions for your organisation. With a proven track record working with a wide range of clientele, we provide professional, responsive and flexible services.
VIable can attend board meetings to present the financial management reports. This is an opportunity for the board to discuss the activities and any exceptions to the financial management reports.