Bookkeeping and Management Accounts

We provide 2 levels of service:

• one where we take the burden off your shoulders leaving your time free to market and promote your business
• and one where we can train you in doing your own bookkeeping.

The first option is for those busy business people who want to completely outsource their bookkeeping to us.

Not everyone can comfortably maintain their own books & records. You may either be too busy to focus on this aspect of your business, you may not be comfortable with numbers or computers, or your company may simply not be large enough to afford a full-time in-house financial person. You may also be simply tired of trying to find competent, trustworthy part-time bookkeepers. Our firm can devise a customised solution for all your accounting and bookkeeping needs that allows you have these tasks done for you in our offices or at your premises in a way that you maintain awareness and control over the entire process.

The second option consists of Accounting System Setup and Training.

Some business owners are comfortable with numbers, but they do not necessarily know how to organise and track their business finances. At Chowdhary & Co. we have years of experience in selecting systems and training small businesses to maintain their books and records in an easy and practical manner. You do not need to be an accountant, and once you have our training and support, it invariably frees your time and puts your focus where it should be – running your business.

Management Accounts

Management accounts are a useful tool for analysing the performance of a business and for future planning.

There is no legal requirement to prepare management accounts, but it is hard to run a business effectively without them. Management accounts analyse recent historical performance and usually include forward-looking elements such as sales, cash flow and profit forecasts. The analysis is usually performed against forecasts and budgets that have been produced at the start of the year.

While you are busy running your businesses it is easy to overlook the aspect of management accounts. We are here to assist you in looking after your accountancy requirements. Our professionally prepared set of management accounts are based on principles of accounting to provide financial information necessary for the planning and financial protection of a business.