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 &ndash £ 200+VAT:
&bull Reconciling National Insurance and PAYE Payments and Liabilities
&bull Reconciling Net Wages and Salary Adjustments
&bull Reconciling Opening and Closing Stock Figures
&bull Posting Accruals Journals
&bull Posting Prepayments Journals
&bull VAT Calculation
&bull Checking of Creditor and Debtor Control Accounts
&bull Depreciation Calculation and Journal Postings
&bull Directors Loan Account Reconciliation
&bull Suspense Account Clearance
&bull Provision Workings and Postings
&bull Bank Current Account Reconciliation
&bull Nominal Ledger Transactions Checking
&bull Trial Balance Checking and Corrections
&bull Creation of Profit and Loss Report and Charts
&bull Creation of Balance Sheet Report and Analysis
&bull Other Related Work and Reporting
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Sales Ledger Services
Management of Sales Ledger Tasks &ndash £ 200+VAT:
&bull Invoicing List Module invoice and credit note creation
&bull Invoice numbering and printing
&bull Updating the sales ledger with invoice and credit note details
&bull Sending regular invoices and credit notes to customers
&bull Sending regular customer statements to customers
&bull Posting receipts to sales ledger account
&bull Customer account reconciliation
&bull Creating new customer account, setting credit limit, terms and other details
&bull Direct invoice and credit note postings and adjustment entries
&bull Reporting, analysis and other sales ledger work
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Credit Control Services
Management of Purchase Ledger Tasks &ndash £ 200+VAT:
&bull Sending original and requested copy invoices
&bull Sending original and requested copy credit notes
&bull Sending original and requested statements
&bull Debt chasing and call tracking
&bull Updating notes, queries and other required information
&bull Responding to queries and non-payment resolution
&bull Customer credit monitoring with external credit agencies
&bull Executing County Court Judgments (CCJ), only as per client instructions
&bull Claiming monies via court proceedings, only as per client instructions
&bull Credit Control Reporting
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Purchase Ledger Services
Management of Purchase Ledger Tasks &ndash £ 200+VAT:
&bull Invoice and credit note postings via purchase order update module
&bull Invoice numbering and filing
&bull Updating the purchase ledger with invoice and credit note details
&bull Preparing regular supplier payment schedules
&bull Sending supplier payment remittance advices
&bull Posting payments to purchase ledger
&bull Supplier account reconciliation
&bull Creating new supplier account, setting pay terms and other details
&bull Direct invoice and credit note postings and adjustment entries
&bull Reporting, analysis and other purchase ledger work
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Nominal Ledger Services
Management of Nominal Ledger Tasks &ndash £ 100+VAT:
&bull Creating new nominal codes in Nominal Ledger
&bull Checking Chart of Accounts for nominal code consistency
&bull Creating new nominal codes in Chart of Accounts
&bull Synchronizing nominal codes NC vs CoA
&bull Reconciling specific nominal codes
&bull Analyzing nominal codes
&bull Other nominal ledger services
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Sales Order Processing Services
Management of new Sales Orders and Quotes &ndash £ 200+VAT:
&bull Creating new Sales Orders and Quotations
&bull Price, quantity, price updates, message lines insertions and updates
&bull Allocating and Despatching orders on the system
&bull Printing and filing pdf or paper printed document copies
&bull Converting Quotations to Sales Orders
&bull Stock allocation and updating Stocks against Sales Orders
&bull Quotes and Sales Order amendments and duplication
&bull Back order and outstanding Sales Order reports
&bull Despatch Note printing and filing
&bull Other work related to Quotation and Sales Order reporting
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Purchase Order Processing Services
Management of new Purchase Orders &ndash £ 200+VAT:
&bull Creating new Purchase Orders and Quotations
&bull Price, quantity, price updates, message lines insertions and updates
&bull Ordering and marking Deliveries on the system
&bull Printing and filing pdf or paper printed document copies
&bull Printing Goods Received notes and filing
&bull Stock allocation and updating Stocks against Purchase Orders
&bull Purchase Order amendments and duplication
&bull Outstanding Purchase Order reports
&bull Updating Purchase Orders and converting to invoices
&bull Other work related to Purchase Order reporting
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Products Creation Services
Management of creating new Products on the system &ndash £ 100+VAT:
&bull Creating new product codes
&bull Assigning product description, cost, nominal codes and other details
&bull Stock and Non Stock product variation
&bull Stock In, Out, Transfer, Stocktake and other options
&bull Product Activity tracking
&bull Product and Stock related various reporting
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Budget Setup and Analysis Services
Setting of company budgets, updating, monitoring and analyzing &ndash £ 100+VAT:
&bull Analyzing sales, cost of sales and overheads
&bull Setting up Budget excel spreadsheet
&bull Setting up formula links, charts and variances
&bull Favorable and Adverse variance analysis
&bull Monthly benchmarking against Profit and Loss figures
&bull Reporting and improvement implementation
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Cashflow Reporting Services
Setting of company cashflow forecast, updating, monitoring and analyzing &ndash £ 100+VAT:
&bull Analyzing sales, cost of sales and overheads
&bull Setting up Cashflow excel spreadsheet
&bull Setting up formula links, charts and variances
&bull Tracking net cash in and out variances
&bull Monthly benchmarking against forecast figures
&bull Reporting and improvement implementation
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Sales Break Even Reporting Services
Setting of company sales break even forecast, updating, monitoring and analyzing &ndash £ 100+VAT:
&bull Analyzing sales, cost of sales and overheads
&bull Setting up Sales break even excel spreadsheet
&bull Setting up formula links, charts and variances
&bull Tracking sales variances
&bull Monthly benchmarking against past and future expected figures
&bull Reporting and improvement implementation
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Accounts System Audit Services
Reviewing accounts software and the system, feedback on strength and weaknesses &ndash £ 200+VAT:
&bull Evaluating company used software and used capabilities
&bull Evaluating implemented processes and efficiency
&bull Sampling company data and spot checking
&bull Evaluating findings and good practice recommendations
&bull Advice on improvements and how to design better accounts processes
&bull Full report on existing processes, system strength and weaknesses