Accountancy Services
At City Accounts we believe customers should receive more than just an ordinary service. We go beyond the traditional accounting and offer top class service as well as providing wide range of services, making us first point of contact for all your accounting and financial operational needs.
We are here to provide you with a solution to any accounting or tax question you may have or always wanted to ask but never had courage, whether due to nature of the issue or something else, to speak to your financial advisor. The team of specialists is here to provide an advice no matter how complex or confidential the situation.
Using our low fee and fixed cost accounting services, wherever applicable, are just what many companies are now looking for to cut the company overheads. The charges for listed services are all you pay and incorporate all the work required to complete the overall work.
We are confident our clients would not find a better service and cheaper cost of preparation of accounts than us. The customer satisfaction is paramount to City Accounts and we always aim that it is always kept in such a way.
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Management Accounts
Preparation of Monthly Management Accounts - £ 200+VAT:
Reconciling National Insurance and PAYE Payments and Liabilities
Reconciling Net Wages and Salary Adjustments
Reconciling Opening and Closing Stock Figures
Posting Accruals Journals
Posting Prepayments Journals
VAT Calculation
Checking of Creditor and Debtor Control Accounts
Depreciation Calculation and Journal Postings
Directors Loan Account Reconciliation
Suspense Account Clearance
Provision Workings and Postings
Bank Current Account Reconciliation
Nominal Ledger Transactions Checking
Trial Balance Checking and Corrections
Creation of Profit and Loss Report and Charts
Creation of Balance Sheet Report and Analysis
Other Related Work and Reporting
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Sales Ledger Services
Management of Sales Ledger Tasks - £ 200+VAT:
Invoicing List Module invoice and credit note creation
Invoice numbering and printing
Updating the sales ledger with invoice and credit note details
Sending regular invoices and credit notes to customers
Sending regular customer statements to customers
Posting receipts to sales ledger account
Customer account reconciliation
Creating new customer account, setting credit limit, terms and other details
Direct invoice and credit note postings and adjustment entries
Reporting, analysis and other sales ledger work
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Credit Control Services
Management of Purchase Ledger Tasks - £ 200+VAT:
Sending original and requested copy invoices
Sending original and requested copy credit notes
Sending original and requested statements
Debt chasing and call tracking
Updating notes, queries and other required information
Responding to queries and non-payment resolution
Customer credit monitoring with external credit agencies
Executing County Court Judgments (CCJ), only as per client instructions
Claiming monies via court proceedings, only as per client instructions
Credit Control Reporting
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Purchase Ledger Services
Management of Purchase Ledger Tasks - £ 200+VAT:
Invoice and credit note postings via purchase order update module
Invoice numbering and filing
Updating the purchase ledger with invoice and credit note details
Preparing regular supplier payment schedules
Sending supplier payment remittance advices
Posting payments to purchase ledger
Supplier account reconciliation
Creating new supplier account, setting pay terms and other details
Direct invoice and credit note postings and adjustment entries
Reporting, analysis and other purchase ledger work
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Nominal Ledger Services
Management of Nominal Ledger Tasks - £ 100+VAT:
Creating new nominal codes in Nominal Ledger
Checking Chart of Accounts for nominal code consistency
Creating new nominal codes in Chart of Accounts
Synchronizing nominal codes NC vs CoA
Reconciling specific nominal codes
Analyzing nominal codes
Other nominal ledger services
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Sales Order Processing Services
Management of new Sales Orders and Quotes - £ 200+VAT:
Creating new Sales Orders and Quotations
Price, quantity, price updates, message lines insertions and updates
Allocating and Despatching orders on the system
Printing and filing pdf or paper printed document copies
Converting Quotations to Sales Orders
Stock allocation and updating Stocks against Sales Orders
Quotes and Sales Order amendments and duplication
Back order and outstanding Sales Order reports
Despatch Note printing and filing
Other work related to Quotation and Sales Order reporting
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Purchase Order Processing Services
Management of new Purchase Orders - £ 200+VAT:
Creating new Purchase Orders and Quotations
Price, quantity, price updates, message lines insertions and updates
Ordering and marking Deliveries on the system
Printing and filing pdf or paper printed document copies
Printing Goods Received notes and filing
Stock allocation and updating Stocks against Purchase Orders
Purchase Order amendments and duplication
Outstanding Purchase Order reports
Updating Purchase Orders and converting to invoices
Other work related to Purchase Order reporting
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Products Creation Services
Management of creating new Products on the system - £ 100+VAT:
Creating new product codes
Assigning product description, cost, nominal codes and other details
Stock and Non Stock product variation
Stock In, Out, Transfer, Stocktake and other options
Product Activity tracking
Product and Stock related various reporting
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Budget Setup and Analysis Services
Setting of company budgets, updating, monitoring and analyzing - £ 100+VAT:
Analyzing sales, cost of sales and overheads
Setting up Budget excel spreadsheet
Setting up formula links, charts and variances
Favorable and Adverse variance analysis
Monthly benchmarking against Profit and Loss figures
Reporting and improvement implementation
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Cashflow Reporting Services
Setting of company cashflow forecast, updating, monitoring and analyzing - £ 100+VAT:
Analyzing sales, cost of sales and overheads
Setting up Cashflow excel spreadsheet
Setting up formula links, charts and variances
Tracking net cash in and out variances
Monthly benchmarking against forecast figures
Reporting and improvement implementation
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Sales Break Even Reporting Services
Setting of company sales break even forecast, updating, monitoring and analyzing - £ 100+VAT:
Analyzing sales, cost of sales and overheads
Setting up Sales break even excel spreadsheet
Setting up formula links, charts and variances
Tracking sales variances
Monthly benchmarking against past and future expected figures
Reporting and improvement implementation
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Accounts System Audit Services
Reviewing accounts software and the system, feedback on strength and weaknesses - £ 200+VAT:
Evaluating company used software and used capabilities
Evaluating implemented processes and efficiency
Sampling company data and spot checking
Evaluating findings and good practice recommendations
Advice on improvements and how to design better accounts processes
Full report on existing processes, system strength and weaknesses