Call us today at 020 7096 0662 or Email us at mail@sksbusinessservices.com

From sole traders and SMEs to larger companies and corporations, our range of services can help to increase your profitability and reduce your accounting costs by up to 40%.

And all of this without compromising service levels.

Here are some of the services that we provide. Alternatively, please click on the SERVICES tab above.

Services:
 
Weekly Bookkeeping:
  • Purchase and expense postings
  • Sales invoices postings
  • Bank transactions postings
  • Asset purchase postings, divestments etc postings
    • Reconciliations
    • Bank
    • Sales ledger
    • Purchase ledger
    • Loan
    • Intercompany
    • Quarterly VAT returns where required

Monthly Management Accounts:

  • Management accounts which includes review of nominal ledger i.e. go through each expense head like telephone and investigate anomalies
    (Most of these will be captured at the time of booking the purchase/expense invoices)
  • Financial and non-financial analysis
  • KPIs as per your requirements which includes Gross profit margin analysis by product, by market (Wholesale versus retail), by department , by project ( especially in construction sector)

Year-end returns:

  • Annual Accounts of the limited company
  • Personal tax returns of directors
  • Corporation tax
  • Help to establish business plan

Preparation of Budget and Forecast

Supplier management:

  • Check delivery notes with invoice
  • Contact supplier in case of any anomalies
  • Set up payments on the basis of payment terms
  • Contact supplier with remittance advice

Payroll:

  • PAYE scheme
    • Registering PAYE scheme with HMRC
    • Activating and monitoring PAYE online services
    • Liaising with HMRC for PAYE matters
  • Payroll processing
    • Periodical processing
    • Multi-period processing
    • Statutory deductions including student loans
    • Statutory payment calculations: SSP, SMP, SPP etc.
    • Pension calculation and deductions
    • Implementing 'Attachment of earnings' into payroll
  • Reporting
    • Payslips through email
    • Payslips through post
    • Payroll reports including cost centre and departmental classification
    • Pension reporting
  • Payments on behalf of employer
    • Salary payment to employees
    • PAYE payments to HMRC
  • E-submissions
    • Periodical RTI submissions
    • Statutory payment reclaim submissions
    • CIS suffered intimations
    • Earlier Year Update forms
    • Year-end submissions
  • Benefit reporting
    • P11D
    • P46 (car)

Auto-Enrolment and workplace pensions

  • Pension scheme set-up
  • Assessment of employees and auto enrolling into pension scheme
  • Pension deductions based on qualifying earnings
  • Implementing opt-ins, opt-outs, join-in requests
  • Providing letter templates for employees
  • Generating pension reports for Pension provider and uploading data on to provider’s portal
  • Liaising with pension provider and completing the declaration of compliance
Cash process
  • Accounts receivable
  • Billing and cash application
  • Order management
  • Credit control

Collections

  • Invoice adjustment
  • Dispute resolution
  • Claims management

Accounts payable

  • Expense reports
  • Payment processing

Supply chain finance

  • Product costing
  • Inventory accounting
  • Manufacturing accounting

Record to report

  • General accounting
  • Fixed assets accounting
  • Tax and regulatory reporting
  • Cost accounting
  • Inter-company accounting
  • Reporting and consolidation

Corporate functions

  • Treasury
  • Cash management and cash flow forecasting
  • Financial planning and analysis
  • Capital budgeting
    • Revenue and expense budgeting
    • Quarterly/annual forecast
    • Ratio analysis
    • Variance analysis
    • Competitor analysis
    • Market analysis

Financial modeling

  • Management accounting

Insolvency

Sister Company - Benedict Mackenzie

Many businesses and individuals face financial challenges. If debts are building up and no matter what you do the situation seems to get worse, it can be difficult to know how to cope or where to turn for help.

All Benedict Mackenzie directors give free initial consultations, so that you or your client are aware of your options and can make informed decisions based on reliable and expert advice. 

Whether you are a debtor, creditor or a professional adviser with a client facing severe financial difficulties, you need a specialist that you can trust, someone who is not only an expert in their area but who will recognise and respect your position and relationships.

Contact us

To find out more on how we can help you with any of these services, please get in touch for a no obligation quote.

Call us today on +44 (0) 20 7096 0662 or email us at mail@sksbusinessservices.com.