Accounts Preparation

Whether you are a sole trader, a partnership, a limited company, or an LLP, it is important that your accounts comply with the very latest regulations. At Monetta, our team of trained accountants can help you with your accounts preparation so you can focus all your efforts on running your business.  

Our clients come in all shapes and sizes, spanning a wide variety of commercial businesses and sectors. No matter what your industry, you can trust Monetta to deliver a reliable accounting service customised to your needs, all at a very reasonable cost.

Contact us today to discuss our accounts preparation services or to learn more about how we can help your business. Fill in our online enquiry form to request a call back at a time to suit you. 

How can we help? 

Preparing the accounts for your business allows us to have a thorough look into your business and its performance. With a strong understanding of how your business works, we can identify any opportunities for growth and improvement. These might include tax-saving opportunities, practical suggestions on how to improve accounting  systems, or how to generally operate more effectively.  

Our accountants have many years of combined experience in preparing annual accounts for small, medium, large and multinational companies. We understand that every business is different; our expert team will take care to get to know you and your business during the accounts preparation process. Monetta offers a tailored approach to each individual business, and we will take the time to understand your unique needs in order to provide the best possible service.

The expert team at Monetta can:

• Prepare annual accounts
• Optimise your accounting processes
• Identify areas where you could save on taxes
• Help you to implement recommended financial strategies
• Meet tax requirements and deadlines to remain fully compliant with HMRC
• Deliver HMRC-compliant financial statements

Whatever support you need with your company's annual accounts, our team can help. Speak to our knowledgeable chartered accountants today to find out more about how we can support businesses and sole traders.

Why choose Monetta for your account preparation services?

Working from offices in Liverpool, Newton-le-Willows and Manchester, Monetta's expert accountants support businesses across the North West. We can help with accounts preparation, compiling balance sheets, profit and loss accounts and other documents into statutory reports that meet the relevant legal standards. For over 40 years we have provided a professional and reliable accounting service to our valued clients, taking care to put their needs first.

Whether you are a small start-up or a medium to large enterprise, our friendly and experienced team can help you. In addition to working around your schedule and needs, we can also provide you with out-of-hours assistance if ever required. We value every client and work closely with them to understand their needs, so that we can tailor our services and approach to meet their objectives and exceed their expectations. Our experience and knowledge of a variety of accounting services, from bookkeeping to tax accounting and even process optimisation, means we can deliver a package of services focused directly on achieving your business’ desired outcomes.

FAQs about accounts preparation

Should I outsource my accounts preparation?

Outsourcing your accounts preparation is one of the best ways to efficiently handle your accounts preparation processes. It can lead to cost savings, improved efficiency, and better financial management. For SMEs especially, it is often much more cost-effective to outsource to professional accountants rather than maintaining full-time in-house staff to perform these functions. Even for larger businesses, outsourcing eliminates the costs in terms of salary, benefits, office space, training, software and equipment that are needed to maintain an in-house accountant or department.

By outsourcing, you can benefit from qualified and experienced accountants who are up-to-date with the latest accounting standards and regulations, without needing to take responsibility for optimising your own processes. Monetta's team stays updated with changes in tax laws and accounting standards to ensure that our approach remains compliant with all regulations. We are also aware of the relevant deadlines that must be met and equipped to prepare annual accounts, a company tax return or any other document in a timely fashion. Businesses can gain further advantages thanks to our specialised knowledge of tax laws across specific industries, and our wealth of combined experience in accounts preparation for businesses of all sizes.

Our professional accountants have the expertise to ensure accurate and error-free financial records and we have robust security measures in place to protect sensitive financial data. This reliability can give business owners and managers reassurance, and all them more time to focus on core activities such as sales, marketing, and customer service, or the larger elements of strategic planning and growth initiatives. In turn, these decisions can be led by financial information from the company's statutory financial statements or other insights provided by an expert accountant.

For businesses that rely on flexibility, there are additional advantages to using an external chartered accountant to maintain your accounting records or prepare statutory accounts at the end of your company's financial year. Outsourcing allows your business to scale their accounting services up or down based on their needs without the hassle of hiring or laying off staff. Businesses can choose the level of service they require, whether that means basic bookkeeping or comprehensive financial analysis.

Our use of cloud-based technology also means that we can work from anywhere, including our offices in Liverpool, Manchester and Newton-le-Willows, or from your office. This provides an extra level of flexibility for the modern business.

What services does Monetta offer?

Monetta's team can deliver a range of vital services designed to promote and protect your company's financial health. We can support you with any of the following requirements of the accounts preparation process:

• Bookkeeping: Collecting financial documents such as invoices, receipts, bank statements, and expense reports, and ensuring that all financial transactions are recorded accurately in your accounting system.
• Bank reconciliation: Comparing the business's bank statements with its ledger to ensure accuracy, and checking that other accounts (such as accounts receivable and accounts payable) are accurate and match supporting documents.
• Adjusting entries and correcting errors: Identifying and correcting any errors or discrepancies in the financial records, and making necessary adjustments for accrued revenues, expenses and prepaid items.
• Preparing financial statements: Preparation of all the necessary financial statements, including:
  • Profit and loss statement
  • Balance sheet
  • Cash flow statement
  • Director's report
• Tax reports: Preparing and filing Corporation Tax returns based on the financial statements, and maintaining regulatory compliance according to your business' specific requirements.
• Communication: Liaising with Companies House, HM Revenue and Customs, and other authorities on your behalf.

In addition to these services, we can help businesses to prepare for audits by collecting evidence and filling in or creating the necessary documents. We can liaise with external auditors to provide information and respond to queries on your behalf. Monetta can also offer financial insights that can help you make informed decisions, and enable you to use your financial statements to aid in future financial planning and budgeting

Contact us

If you need a thorough and reliable Accounts Preparation Service, or general advice on tax-saving opportunities, as well as practical suggestions on how to improve your accounting systems, speak to our team today to see how we can help.

Fill in our online enquiry form to request a call back at a time that is convenient for you. Or visit our team page to find out more about our expert advisers and what they can do for you and your business.