(click to expand sections)

Sales Ledger

  • Production of Sales Invoices
  • Making sure VAT rates are correct
  • Ensure prices are correct

Purchase Ledger

  • Manage supplier invoices
  • Take advantage of any discounts offered
  • Pay suppliers on time in order to build up a credit history

Credit Control

  • Chase up outstanding monies
  • Resolve queries on disputed invoices

Bank Reconciliation

  • Check all receipts are received and payments made
  • Management of Cashflow

Vat Returns

  • Ensure Vat Returns are completed correctly
  • Cash Accounting/Standard Accounting
  • Ensure correct Vat codes are used
  • HMRC Vat Inspection completed

Expenses/Credit Cards

  • All business expenses need to be recorded
  • Bank accounts need to be reconciled
  • VAT can be claimed if VAT receipts are produced

Petty Cash

  • All expenses need to be recorded
  • Bank account needs to be reconciled

CIS Returns

  • CIS Returns completed correctly
  • Management of Contractors

Management Accounts

  • Profit & Loss Accounts
  • Sales Forecasts
  • Identification of overspends


  • An estimate of income and expenditure for a set period of time
  • Analysis of the break-even point
  • Future business plans

Cashflow Statements

  • Analysis of monies due in and payments out
  • Ensure you have enough money to pay HMRC


  • Complicated area
  • Includes tax codes, RTI Submissions etc.


  • Experience of setting up auto-enrolment scheme
  • Every company should have a scheme or know when their staging date is