When you run a business, keeping your account books in order regularly will keep you informed as to how well your business is doing on a day-to-day basis. It could also be more cost-effective than leaving it all to your accountant at the end of the year.
Keeping track of your expenditure and income can also help you plan effectively for the future. If you are a business that uses credit, rather than just cash sales and purchases, it is essential to see who owes the business money, and who the business owes money to.
There are well-established methods for keeping accounts and Expedio can help you keep a traditional paper accounting system, a computerised system, or a combination of both.
We can produce your invoices and send them to your clients, chasing up any unpaid invoices on your behalf. Send us your receipts, bills and expenses to organise and pay. If you use online banking we can set up your bills for payment. Your accounts will always be up-to date and your cashflow ready to view and act upon.
If you are an employer we can help you with day-to-day payroll, acting as your agent and submitting returns to the Inland Revenue.
We are delighted to be a partner with and certified advisor for Xero, an easy to use but powerful online accounting system specifically designed for small businesses. Xero provides a view of financial information in real-time. There’s no need to buy expensive software and install upgrades -it’s just available on your PC or Mac in the office, at home or on your mobile all the time. We love it because it’s designed for remote collaboration online, the way we like to work. There’s no cumbersome transfer of data that can be corrupted or out-of date. To find out more you can visit www.xero.com but do speak to us, we can offer you a demo and even give you a discount on the standard subscription.