Bookeeping

In the past most business would employ the services of a bookkeeper to handle their day to day financial data. They would carry out tasks such as raising invoices, recording bank payments and receipts, maintain supplier and customer accounts and general ledgers. An accountant would oversee the role of a bookkeeper, although the roles would sometimes merge depending on the business size.

Advancements in technology have led to advancements in outsourced bookkeeping and the roles of accountants and bookkeepers are evolving as the profession becomes more digitised.

At LJ Accountancy we use cloud-based systems to enable us to maintain clients’ financial records often at a lower cost than traditional bookkeepers. As cloud-based systems are online we are able to work on you books remotely.

This is because different cloud-based systems are able to connect and share data, reducing the amount of data entry that is required. For example, your point of sale system can automatically import daily sales transactions into your accounting software. Similarly, your invoicing software can update your accounting software when a customer pays an invoice. Bank transactions are automatically fed into the system, saving hours on tedious data entry.

Many businesses using cloud-based systems find they no longer need a bookkeeper. We give added value to our bookkeeping clients who benefit from a better bookkeeping service at very reasonable cost.

Please read our page on online accounting to find out more.