Services
Here are some of few services we provider we offer.
Non-Profit Organisations
Then for Non-Profit Organisation we charge based on what is needed, because we don’t have fixed price list. For the NGOs the cost of the accounting services is lesser than the sole trade business, the public company, the private company and retailed business. The reason why we don’t have fixed prices is because NGOs are not in the productivity process their aim is not make profit but to help the community to be better, so we can’t treat them the same are as profit organisation.
Weekly Management of Accounts
BB Financial Acquaintance can stay on top of your business’ accounts weekly for all transactions. By keeping tracks of every sale or purchase. The entity will make sure that all the transection of your business are accurate each and every week.
Maintain Up-to-Date Records
BB Financial Acquaintance will make sure that all the business records are up-to-date. Plus, it will be our job to flag up any inconsistencies between the books and the business accounts, making sure that at the end of each week the books of the business balance
Keep Businesses Aligned with Laws
Tax can be a sensitive area. One mistake and dreaded letter from HMRC can soon be on the way. That’s where BB Financial Acquaintances come in, as they can help make sure that your business stays with the relevant laws. We will also help the business to pay equitable tax expense, not to pay more or less tax income.
Remember we are here to help and not cause more significant problems.
Manage Bank Feeds
At a basic level, our company manage transection brought in through software, like an app. Bank feed, that link the software with your business bank account, allow to see each transection in real time. This software will allow you to see and track on how we prepare you accounts.
Handle Accounts Payable
Our business will make payments on behalf of your business. This includes anything from payment of suppliers’ invoice, petty cash and expenses.
Send Out Invoices and Manage Accounts Receivable
Another bid responsibility of our company is that we prepare invoice and send them to your clients so you can receive payments on time. Managing the account receivable, as well as chasing up late payments so that you don’t have a large percentage of bad debts.
Keep Businesses Aligned with Laws
Tax can be a sensitive area. One mistake and dreaded letter from HMRC can soon be on the way. That’s where BB Financial Acquaintances come in, as they can help make sure that your business stays with the relevant laws. We will also help the business to pay equitable tax expense, not to pay more or less tax income. Remember we are here to help and not cause more significant problems.
Prepare Financial Statements [with Public interest score less than 100]
Our company will also be responsible for preparing some significant financial statements for the business that has a less public interest score. These can include a statement of comprehensive income, statement of financial position, statement of cash flows and statement of changes in equity. These financial records show a business bottom line and operation expense, the balance of assets and liabilities as well as the cash flowing in and out of the business.
Perform Stocktake
We also perform the stocktaking for the small business and also produce the inventory reports by counting stock items. If there are any discrepancies, they report back to the business so that the business can address the problem quickly.
Keep an Eye on Cash Flow
One of the most essential tasks our company do for businesses is making sure they don’t run out of a day-to-day money. Our goal is to make sure that your business focuses more on production and leave all the finance department issues to us. We promise to deliver an appropriate and efficient service.
Market Analysis
The ideal of our company Target market is to service the early-stage businesses or companies we also do audit for Non-Profit Organisations. Which want to stay focused on what they do best and hand over the overhead task of bookkeeping and financial statements to BB Financial Acquaintance. We are focusing most to retailed and sales businesses also in non-profit organisation, that looking forward to grow their business or focusing on good work and want to obtain more profits from their sales or their daily operations, and we want to help them with their financial work so that they can focus more on their productivity and try to make their business successful.BB Financial Acquaintance will help these businesses to generate more profit.