Bookkeeping services are a must for all businesses to ensure timely and accurate financial information is provided to the Management, Regulators and Investors. Also, it is a legal requirement for any business to maintain a proper book of accounts to ensure that all relevant taxes are paid and tax filings are made on time. Hence, bookkeeping is an important function in any business or not-for-profit organisation.

Bookkeeping is the process of recording financial transactions of a business in an accounting system and the creation of reports consolidating the accounting data entered into the system. Bookkeeping is a function of the accounting department in a business. However, many small businesses do not have fully-fledged accounting departments and require external bookkeeping services. Akram & Co. will help your business maintain its books. Our Bookkeeping Services are focused on reducing the finance and accounting costs of our clients by helping them with their management, accounting, and tax preparation needs.

Akram & Co.’s personalised and professional bookkeeping services cover the entire scope of bookkeeping and customers have the flexibility to choose what they require. We function just as customers’ virtual back office for all their bookkeeping and accounting work right from set-up, support, maintenance, and consultancy with accounting. By outsourcing bookkeeping services to Akram & Co., you can benefit from the cost advantages of our customized finance and accounting services.

One size does not fit all! At Akram & Co., our accounting bookkeeping services are custom designed to meet your individual needs. Unlike most of our competitors, we know exactly what the differences between bookkeepers and accountants are, and provide our services tailored to your organizational goals. We will collect all the receipts, bank statements, and other papers and make sure that they are filed correctly to meet the requirements of the HMRC and other interested parties and all at a competitive price and convenience to you.

We take pride in keeping the accounting records up to date, making sure the analysis is right, and that the accounts balance, so, if you want to concentrate on running your business, allow us to concentrate on what we do best – managing your accounts.

Apart from all the standard bookkeeping services, we can also offer custom reports that enable customers to better analyze their revenue and expenses. Our customized reports will help you analyze your revenue and expenses.

Regular tracking of business transactions is very necessary. Recording ensures transparent business operations by tallied accounts. The accounting and bookkeeping services can help in tracking every single transaction undertaken in past from learned decisions of the future.

The part of recording the financial affairs of the business is called bookkeeping, whereas accounting is the preparation of financial accounts which follows bookkeeping is streamlined. Accounting for Small Business is mandatory unless it is a Sole proprietorship with certain exceptions. Apart from compulsion, it is better to keep accounts updated with accuracy to avoid financial muddles. Expertise knowledge of accounting is essential even in the case of accounting for small businesses, to ensure the books are maintained as per the accounting standards. Maintenance of accounts is as an essential requirement for a homerun business as it is to an industrialist and Akram & Co. is your go to choice for all such services!