Bookkeeping is the bread and butter of accountancy and charities are required to maintain complete records of all financial transactions during the year. We can process all of your transactions, however frequently you need it, with great accuracy and reconcile the records against your bank statements.
We can also scan and attach the relevant paperwork against the transactions to save you having to store paper records for six years.
If you use restricted/designated funds, we will account for this separately using Quickbooks' class function or Xero's project function.
After all transactions are up-to-date, we'll shift some things around to make sure everything is in the correct period. We'll then generate reports to show how the organisation is currently performing against its budget and provide any analysis and advice based on the reports. We will also sit down with you to understand what further management information you need to efficiently run your organisation and how best we can incorporate these into the reports we provide. We will also work with you to produce cashflow reports and forecasts to make sure the charity doesn't suffer from unexpected cash shortages.
Year-end Accounts & Independent Examination
Charities with an income level over £25k have to submit charity accounts which also have to be looked over by an independent examiner. As qualified accountants, we're able to carry out an independent examination of your accounts. We can also prepare Charity SORP compliant accounts for your charity in accordance with the latest reporting standards. We will also talk you through the accounts without using any finance jargon so you feel as involved in the process as you want it to be. Year-end accounts are also a really important tool for potential funders so we will advise you in writing your annual report to help you suitably articulate the previous year's achievements.
Training equips you and your staff to create efficiencies throughout your organisation. This can be in the form of using software, collecting information, internal processes, etc. Our training is tailored to your needs so simply ask us what you would like to know and we would be more than happy to create a tailored training session specifically for you.