Information

At VHK Bookkeeping, we provide more than just numbers on a page, we deliver clarity, confidence, and peace of mind. Our services are designed to support sole traders, partnerships, and small businesses by taking the stress out of managing finances.

FAQs

How often should I update my financial records?

We recommend updating your financial records on a monthly basis to maintain accuracy and ensure timely reporting.

What documents do I need to provide for tax preparation?

For tax preparation, you will need documents such as income statements, receipts, and expense records. Our team will guide you through the process.

How does your payroll management service ensure compliance with regulations?

Our payroll management service follows strict regulatory guidelines to ensure compliance with tax law and employee payment regulations.

What is bookkeeping?

Bookkeeping is the process of recording financial transactions systematically. This includes tracking income, expenses, assets, and liabilities to ensure that a business's financial records are accurate and up-to-date.

Why is bookkeeping important?

Bookkeeping is crucial for several reasons. It helps businesses understand their financial position, comply with tax regulations, and prepare for audits. Accurate bookkeeping also enables informed decision making and strategic planning.

How often should bookkeeping be done?

The frequency of bookkeeping depends on the volume of transactions a business has. For small businesses with fewer transactions, weekly or monthly bookkeeping may suffice. Larger businesses might require daily bookkeeping to ensure accuracy and real time financial insights.

What software can I use for bookkeeping?

There are various bookkeeping software options available, including Sage, Xero and QuickBooks. These tools often provide features such as invoicing, expense tracking, and financial reporting, making the bookkeeping process more efficient.

What is the difference between bookkeeping and accounting?

While bookkeeping focuses on the recording of financial transactions, accounting involves a broader analysis of those records. Accountants interpret the data to provide insights and presentations of financial health, such as preparing tax returns or financial statements.

Our Services

Payroll

Managing payroll can be time-consuming and complex, but we make the process simple and stress-free. We take care of everything from calculating employee wages, tax deductions, and pension contributions to issuing payslips on time, every time. We also ensure compliance with HMRC regulations, helping you avoid penalties and giving you peace of mind that your staff are paid correctly. Whether you have one employee or a growing team, we provide a reliable payroll service tailored to your business needs.

Bookkeeping

Accurate bookkeeping is the backbone of every successful business. We handle your day-to-day financial transactions, including sales, purchases, receipts, and payments, while ensuring your accounts are reconciled regularly. This means your financial records are always up to date, organised, and ready when you need them. With clear, accurate bookkeeping, you’ll gain valuable insights into your cash flow and overall financial health, allowing you to make confident decisions about the future of your business.

Value Added Tax (VAT)

VAT can be one of the trickiest areas for businesses to manage, but we take the stress out of it. We provide full support with VAT registrations, accurate preparation of returns, and timely submissions to HMRC. Our team ensures that your business remains compliant with all VAT regulations, helping you avoid unnecessary fines or errors. By managing your VAT obligations effectively, we free up your time so you can focus on running and growing your business.

Computerised Accountancy Systems

Modern accounting software makes managing finances much more efficient, and we’ll help you get the most out of it. We specialise in setting up and managing computerised accountancy systems such as Xero, QuickBooks, or Sage, tailored to your business needs. Once in place, these systems allow you to track income and expenses in real time, generate insightful reports, and streamline your accounting processes. We also provide ongoing support and training so you feel confident using the software to stay in control of your finances.

Financial Accounting & Accounts Preparation

We prepare accurate and compliant accounts for sole traders, partnerships, and small businesses. This includes compiling financial statements, profit and loss accounts, and balance sheets that give you a clear and reliable overview of your business performance. Our goal is to ensure your accounts are prepared in line with accounting standards and HMRC requirements, so you can file year-end submissions with confidence. Beyond compliance, we also highlight key trends and insights in your accounts, helping you understand your numbers and plan for sustainable growth.