Accounting

Management Accounting

INFORMING YOUR BUSINESS

The role of management accounts in successfully informing your business and driving it forward is invaluable. Our approach to management accounts focuses on easy to read accounts which create value for your essential business decisions.

CCBC will provide you with aims and goals that can help run your business more successfully.

Depending on how closely you want to monitor your business, and on the information available from other sources, you can choose to have monthly or quarterly management accounts. As a minimum, your accounts report will include a profit and loss account and a balance sheet. The simple to read report will allow you to easily check your progress in addition to providing support for your business decision making.

This can be weekly, monthly or even quarterly depending on your business requirement. We will reflect on your financial business performance. KPIs are significant indicators for many businesses that need to be addressed alongside your performance to make your business flourish and increase their profitability. 

CCBC will review your financial processes and systems in order to achieve your potential outcome. This is more than whether your business results in a profit or loss monthly but focusing on more. This focus is about the client, product and projects that can maximise both your revenue and profit in the long term.

Forecasting and budgeting is an essential sector in a business that can both help envision a financial picture for the future and target any unforeseen problems that may arise. Understanding the importance of your cash flow allows you to plan your future financial position and ensure there is more stability.

The value of management accounts

• Cost analysis of your existing expenses
• Better understand your target market
• Define your future budgets and investments
• Identify pinch points and improve cashflow

Book Keeping Services

“Looking after the numbers”  – Bookkeeping has become an essential role to ensure that your financial records reflect the actual position of the business.

All businesses are required to keep accurate records for tax and VAT purposes. Good bookkeeping practices will also help you manage and control your finances, enabling you to plan ahead and in turn avoid late filing penalties.

We are here to relieve your team from the burden of in-house bookkeeping. Whether you are just starting up, or established in business, we will explain what records are required and consider what accounting information you need to manage your accounts.

By working closely with our clients, we gain a full understanding of their business and how they run it. We then tailor our approach to deliver the most appropriate and flexible service. 

Our cloud bookkeeping works in the following way:

You’ll be signed up for cloud based software such as: Xero, Quickbooks, Freeagrent or Sage

Next, you’ll be provided with an app to download and your very own unique email address.

You’ll be asked to take photos of your receipts using the App and forward us any invoices to your unique email

That’s it, the rest is left to us! We will take it from there

All you need to do is to provide us with the basic information and supporting documents relating to your income and costs. We can process this on a monthly, quarterly or yearly basis to suit your requirements.

• Peace of mind that your accounts are accurate
• More time to focus on running your business
• Avoid late penalties from HMRC by planning ahead
• Ensure a solid foundation to make financial decisions
• Flexible solutions to support you or do it all for you
• Shared access to accounting software

Why is this the choice for you? No paper or endless filing and you will not need to wait months or years to see your company’s performance.

We provide a weekly basis bookkeeping and that allows you to see your finances on your mobile day and night.

Do you prefer technology in comparison to endless piles of paper? Want to see your real time financial position? Do not wait and call or email us, we are here to help!

Payroll

Payroll can be a stressful process for every business and on your behalf, CCBC can make this hassle free. Whether you employ only a handful of people or a large workforce, dealing with the payroll can be time consuming, diverting energy and resources from the core activities of your business. Ensuring compliance with employment legislation, and avoiding possible fines, can be yet another concern.

We are fully trained to tackle your monthly payroll services including processing starters, leavers, statutory sick pay, statutory maternity pay, student loans and even calculating holiday pays. This minimises the risk of any unforeseen penalties from HMRC.