VAT & Bookkeeping Services

Strategic advisers for excellence.

Bookkeeping is arguably the greatest administrative burden for a small business owner. Why not outsource your bookkeeping to Affleck Accountancy and continue to devote time to your business?

We are Xero-only practice, and we specialise in Xero to fully manage your bookkeeping, and this can also help you to reduce your year-end accountancy costs; make VAT inspections less of a worry and also deal with any tax enquiries by making sure your book-keeping properly reflects the company’s transactions.

When we do your bookkeeping, we can also provide you with insightful management information to help you run the business. It also allows us to complete your VAT returns in a timely manner.

Our Comprehensive VAT & Bookkeeping Services Include

VAT Registrations

If your Sales Turnover exceeds the VAT Threshold currently £85,000 or you wish to voluntarily register for VAT. You can be a Sole Trader or a Limited company to register for VAT, although there are restrictions on VAT registration for some property business situations.

We can assist you with getting your business VAT Registered and set-up with MTD Compliant VAT Submission software.

VAT Returns

A VAT Return is a tax form showing how much VAT you are required to pay to HMRC based on the goods and services your business is selling. As soon as you are a VAT Registered business, you will need to charge VAT on taxable sales. In the UK there are 3 different rates of VAT: Standard Rate, Reduced Rate and Zero-rate.

Most businesses need to submit quarterly VAT returns every 3-months, and your VAT Return needs to be submitted within 1 months and 7 days of the end of the 3-month period.

We take the hassle out of your VAT Return compliance submissions, we will prepare your VAT Returns for you, and once reviewed, we will submit these to HMRC using MTD compliant software, and inform you of your VAT liability and when and how to pay this.

Raising Invoices (if required)

If you don’t have time to raise and send your invoices to your clients, let us take over this function for you to give you more time to do what you do best.

We will raise your branded Sales Invoices with the wording of your choice which will be sent directly to your clients, we can even attach other invoice-specific pdf documents to your invoices such as Purchase Orders or Plans to make sure your client has everything they need to process your invoice, reducing payment delay.

Xero Set-up

We are a Xero Certified Accountancy Practice, and we will set-up your Xero subscription for you, we will link your bank feeds into Xero software, set upi the software to suite your business and even create a bespoke Xero invoice for you with your Company Logo. You will have access to Xero and we are here to assist you with any queries as your Xero expert.

Hubdoc Set-up

Hubdoc is a document capture software, which you will have access to with your Xero subscription. We will set up your Hubdoc and show you round the software, so that you can upload your purchase invoices and receipts, keeping a digital copy of all your purchases to support your VAT Returns.

Bank Reconciliations

We undertake Bank Reconciliations on all your Bank accounts to ensure that all your bank transactions are dealt within the Xero software, and they match your balances on your bank statements. This is a crucial job and ensure that any duplicate payments to suppliers are identified and can be dealt with quickly.

Monthly or Quarterly Management Reports

If required, we can provide Monthly of Quarterly Management Reports to allow you to keep up-to-date with your business performance. We can also report on Sales types to provide you with a more in-depth perspective on your Sales and Cost of Sales.

We can prepare reports that are bespoke to your business or industry to help you move your business forward and assist you in decision making key to your business.