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Bookkeeping and management accounts

We'll help your track your money in and money out, and explain what it all means.

Even the most thriving businesses can’t reach their full profit potential without well-organised bookkeeping and insightful financial reporting. Our bookkeeping and management accounting services can ease your administrative burden, save you money, and free up valuable management time for strategic actions.

Bookkeeping and accounts services

Xero Bookkeeping

Designed for professional businesses like yours, Xero’s bookkeeping solutions unlock the power of real-time financial data. Gain instant insights into your cash flow, profitability, and upcoming expenses, empowering you to make informed decisions and avoid any cash flow issues. Our Xero experts also help identify potential errors and ensure your financial data is accurate for tax preparation, transforming your bookkeeping into a real strategic advantage.

Management Accounts

Say hello to efficient management accounting. At Jenkins & Co, our certified Xero advisors leverage the power of Xero for efficient and accurate accounts. This translates to timely reports, clear KPIs, and effortless VAT filing (if applicable). We handle everything from reconciliation to year-end preparation, collaborating with your accountant to minimise your involvement.

Find out more about our management account process and how we use our Financial Reporting tools to make this a seamless experience.

Xero Add Ons

Streamline your business operations with Xero’s suite of apps and add-ons. From managing bills and expenses with Hubdoc to capturing payments with Stripe, Xero offers a variety of tools to simplify your accounting tasks. There are even options to integrate with popular services like Shopify and Mailchimp, giving you a central hub for all your business needs.

Bookkeeping Health Check

At Jenkins & Co, we offer a Bookkeeping Health Check to assess your current systems and process. From here, we can identify areas for improvement and provide practical solutions for a more efficient and accurate process. Our in-house experts will conduct the review, ensuring your ongoing financial health is in good hands.

Frequently asked bookkeeping questions

We’ve compiled a list of our most frequently asked bookkeeping questions. Still have questions? No problem! Just send us a message and we’ll be happy to help you find the information you need.

Bookkeeping is the day-to-day tracking of your business’s financial transactions. Bookkeepers record income and expenses, create invoices and bills, and ensure your financial records are accurate and up-to-date. They can also generate reports to help you understand your business’s financial health.

Bookkeepers handle a variety of tasks, including:

  • Entering financial data
  • Reconciling bank statements
  • Creating invoices and processing bills
  • Generating monthly reports
  • Tracking accounts receivable and payable
  • Preparing tax documents
  • Assisting with budgeting and forecasting
  • Recommending bookkeeping software

No, bookkeeping and accounting are different but complementary. Bookkeepers focus on recording transactions, while accountants analyse and interpret that data. Accountants use bookkeeping information to create financial statements, manage taxes, and provide financial advice.

The need for both depends on your business size and complexity. Small businesses can often get by with just a bookkeeper, while larger businesses typically need both. A bookkeeper keeps your records up-to-date, and an accountant uses that information to give you insights into your business’s performance and help you make informed financial decisions.

Yes! Many bookkeepers now offer remote services. This allows you to find a qualified bookkeeper anywhere in the world, not just in your local area.

A bookkeeper can save you time and money by:

  • Ensuring accurate financial records
  • Helping you stay compliant with tax regulations
  • Providing insights into your business’s financial health
  • Freeing you up to focus on growing your business

Bookkeeper fees vary depending on experience, location, and the services offered. Many bookkeepers, such as Jenkins & Co, offer flexible packages to fit your budget.

Look for a bookkeeper with experience in your industry and who uses accounting software you’re comfortable with. Consider their qualifications, attention to detail, and ability to manage cash flow and taxes.

Bookkeepers can help you avoid the stress and hassle of managing your finances yourself. They can also provide valuable insights to help you make better business decisions. By outsourcing your bookkeeping, you can free up your time to focus on running and growing your business.

A cloud bookkeeper is someone who uses cloud-based accounting software to manage your business’s finances. This means they can access your financial records from anywhere with an internet connection, rather than being tied to a specific desktop computer.