Bookkeeping Services
Routine record-keeping from Bookkeeping experts
As a modern business owner, there’s no escaping the large list of critical tasks that must be done monthly. Bookkeeping is one of those.
It can be time-consuming, and when you’re trying to grow your business, can seem like wasted hours in an already busy schedule.
Your bookkeeping made simple
We know what it’s like — that’s why our bookkeeping services for businesses are as simple and as automated as they can be. We use cloud accounting software (we’re partners with Xero and Quickbooks) to produce regular and accurate monthly results without issue.
With these results, you’ll see exactly how your business performs on key metrics. This data will form the basis of your annual accounts.
Trained accounting experts
Cloud accounting software also means you can access your data from anywhere. You only need an internet connection and a smartphone.
Don’t worry about getting a generic result; we know how important peace of mind is when outsourcing anything. Our accounting team are trained bookkeepers, qualified to produce outputs of the highest calibre.
Interested in learning more? Find an accounting package that works for you.
What are you waiting for?
We’re so excited to work with you and your business – let’s talk whenever you’re ready.
Business services
Personal tax help
Online accounting
“They have helped me completely transform the way I run the finances”
“If you need accountancy services, look no further. I could not recommend Lumin any more highly. They have helped me completely transform the way I run the finances in my business and have helped me build my confidence in knowing the numbers.”
-Harri Halvon-Hardy
FAQs
What are bookeeping services ?
Bookkeeping services involve the day-to-day management of a business’s financial records. This includes recording all transactions, such as income and expenses, to ensure accurate and up-to-date financial information. At Lumin Accountancy, our bookkeeping services are designed to give you a clear picture of your finances while saving you time.
Key tasks include:
- Tracking sales, purchases, and payments.
- Reconciling bank statements with business accounts.
- Organising receipts and invoices.
- Preparing data for tax filings and financial reporting.
With our professional bookkeeping support, you can focus on growing your business while we handle the numbers, ensuring everything is accurate and compliant.
What's the difference between a bookkeeper and an accountant?
While bookkeepers and accountants both deal with financial information, their roles and responsibilities differ:
Bookkeeper: A bookkeeper manages the day-to-day financial records of a business. They track transactions, organise receipts, reconcile bank statements, and maintain accurate financial data. Their focus is on ensuring that your financial records are complete and up-to-date.
Accountant: An accountant takes the data provided by a bookkeeper and uses it to provide insights, prepare tax returns, create financial reports, and offer strategic advice. Accountants also ensure compliance with tax laws and help businesses plan for growth.
At Lumin Accountancy, we offer both bookkeeping and accounting services, so whether you need help with daily financial tasks or expert guidance for big decisions, we’ve got you covered.
Do I need an accountant for bookkeeping?
Not necessarily. Bookkeeping focuses on recording day-to-day financial transactions, which can be handled by a bookkeeper or even through accounting software. However, an accountant can provide additional value by reviewing your bookkeeping records for accuracy, preparing financial reports, and offering strategic advice based on the data.
At Lumin Accountancy, we can manage your bookkeeping for you or work alongside
your bookkeeper to ensure your records are accurate and ready for tax filing and financial planning. This combination ensures your finances are always in excellent shape.
When should I hire a bookkeeper?
You should consider hiring a bookkeeper when:
- Your financial records become too time-consuming: As your business grows, managing daily transactions can take up valuable time that could be better spent on other areas of your business.
- You want to ensure accuracy and compliance: A bookkeeper ensures that your records are accurate and up-to-date, reducing the risk of errors or missed tax deadlines.
- You need to focus on business growth: Outsourcing bookkeeping allows you to focus on running and growing your business while leaving the financial details to the experts.
- You’re using accounting software: Even if you’re using software, a bookkeeper can ensure your data is organised and correctly entered, ensuring you have reliable financial reports.
Does my bookkeeper need access to my bank account?
In most cases, yes, your bookkeeper will need access to your bank account, or at least your bank statements to accurately track and record transactions. This ensures they can reconcile your accounts, monitor cash flow, and maintain up-to-date financial records.
At Lumin Accountancy, we use secure, trusted methods to access your financial information and ensure your data is protected. If you’re concerned about privacy or security, we can discuss how to grant access in a way that works best for you.
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We’re so excited to work with you and your business – let’s talk whenever you’re ready.
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