Ongoing Accounting Services
Since 1987 TSL has specialised in providing our business clients with ongoing monthly or quarterly management accounts drawn up to year end standards, keeping you in control all of the time, helping you to avoid costly problems and allowing you to plan ahead with confidence.
“Every successful business that I have worked with in the last thirty years has always had timely and accurate management accounts available, so that the owners and directors can see where they are in real time - not once a year, after the year end, when many accountants give their clients the figures - by that time it is too late to do anything about it.”
- Craig Jenkins Founder of TSL
The standard monthly report consists of :
- A short written summary highlighting any issues
- Profit & Loss account
- Balance sheet
- Trial Balance
- Aged Debtors and Aged Creditors
Our experienced staff provide you with ongoing support and advice and can guide you through any unfamiliar areas or reports. You have a named account manager, and a fixed monthly fee for full accounting years, so no nasty surprises at year end. VAT return workings are included in the service, and you can add payroll as well as any of our other services such as business planning.
You can join our ongoing service at any time – you don’t have to wait until your financial year end!
For sole traders your annual tax return is generally included in the agreed monthly fee along with the year-end trading accounts. For limited companies the fixed monthly fee can include the year end statutory accounts and the corporation tax return for each complete financial year with TSL.
Because our system brings together the ongoing management accounts and the year-end statutory accounts we can generally show a cost saving over using a bookkeeper and a tradition accountant at year end. The way that we work with you is flexible because no two businesses are the same - we can process all of your financial information for you, or if you have staff who can part process the financial information in-house we can work with them to produce the management accounts.