Our number crunching services are second to none. We provide bookkeeping, tax returns, financial forecasting, credit control and payroll.
At ValueAdd, our Glasgow and Edinburgh team of experienced bookkeepers understand that sorting receipts, sending invoices and chasing payments can be draining tasks for a business owner, leaving precious little time to focus on growth. We can take these important but time-consuming duties off your hands, giving you the freedom to do what you do best.
If you’re just starting out and unsure where to turn, we can also set up and manage your bookkeeping system from scratch. Our Xero Certified Advisors can provide you with training and support if you plan to do some of your own bookkeeping to keep costs down, however you’re also welcome to hand the reins over to us completely. We can come to your workplace, or work with you remotely using the cloud and the web. We do what works for you.
We’d be delighted to discuss setting up a bespoke bookkeeping package to truly suit you and your company’s needs, so don’t hesitate to get in touch.
Whatever your accounting platform...
Whether you have an existing accounting package or would like some help to determine the right solution for you, we can help!
Where we help
- Set-up and management of bookkeeping system, with advanced expertise in Sage and Xero (cloud based software)
- Maintaining financial statements and completing paperwork to Trial Balance
- Purchases: Entering supplier and accounts payable invoices, recording cheques and coding transactions precisely
- Sales: Invoicing, recording payments, sending statements, credit control, coding deposits to appropriate income categories, tracking client under and over payments
- Reporting: Providing aged receivables/payables reports showing monies owed/owing, providing management and variance reports, graphing of any reports.
- Bank: Monitoring monies in and out of the business, entering both debit and credit transactions to the correct expense category, setting up online standing orders to settle with your suppliers, reviewing and reconciling bank statements for debit, current and credit accounts.
- Cash-flow forecasting
- Commission calculation and payouts
- Negotiating supplier pricing and discounts
- Managing expense accounts
- Quarterly VAT returns
- Payroll and Year End
Client Case Study
The Issue One of our clients was having real trouble with customers failing to settle invoices in a timely manner. It’s unfortunately quite a common issue, but it can have serious knock-on effects. On this particular occasion it caused cash flow to dwindle, and our client was very worried about the potential impact on his stock were he to struggle to pay his suppliers.
Adding ValueAdd We were approached in the hope that we could lend a helping hand – we reviewed the issues faced by our client and decided to improve the collections process by implementing a technique we had found to be highly successful with previous companies.
Our Result ValueAdd significantly reduced the number of outstanding debtors and also reduced the likelihood of the company getting into the same hot water later down the line. Fast forward a few months and debts were consistently being collected faster, with cash flow much improved.