Services

OUR PROMISE

• GUARANTEED SERVICE STANDARDS
• CLEAR PRACTICAL ADVICE
• OUR AIM TO LOWER YOUR FINANCIAL EXPENDITURES
• PROFESSIONAL ACCOUNTANTS LOOKING AFTER YOU

In-Depth Accountants take pride in delivering a professional, personal and effective solution to all your day to day accounting requirements.

In-Depth Accountants will allocate a qualified accountant, hence you will receive expertise to complete each service swiftly and accurately, your allocated accountant will use their competence to explore opportunities and identify potential complications before they arise ensuring the services delivered to you are optimum.

OUTSOURCED ACCOUNTS

From £599.99 Per Month

In-Depth Accountants will provide you with a complete outsourced accounting and finance department to support and manage your daily financial operations.

Outsourcing your accounting responsibilities to us is a more cost-effective option than hiring in-house. We tailor our outsourced services to your business needs, you don’t have to pay for services you don’t require. We provide up-to-date reports on the financial health of your business, and study your competitors and industry to further help you make better business decisions.

Our outsourced accounts team deliver all the below services in a single package from only £599.99 per month.

BOOKKEEPING

From £75 Per Month

In-Depth Accountants believe it is essential to get your bookkeeping fright first time, the foundation of a successful business is maintaining excellent bookkeeping. Exceptional bookkeeping practices also prosper the business by supporting the buisness manage and control the finances, plan for future growth and ensure that the accounts are completed more efficiently, which should in turn avoid late filing penalties.

In-Depth Accountants will take the responsibility of maintaining the bookkeeping of a fully-fledged or upcoming business. If you want your organisation or business venture to be successful, then it is very important that you ensure successful execution of bookkeeping tasks. In-Depth Accountants will explain what records are required and consider what your accounting information needs are, all in relation to the resources you have available; to ensure you have a bookkeeping service that suits you and your requirements.

CREDIT CONTROL

From £99.00 Per Month

Our team of credit controllers are skilled and tactful, regular, proactive contact with debtors means minimum bad debts debts and ensuring payments are on time. Where debtors don’t keep promises we have some great skills to bring the debts in as soon as possible, using as much pressure as is necessary. With our credit control service means you won’t have to deal with the headache of chasing payments. It’s tricky balance to collect debts and yet retain a long-term relationship with your clients.

​Benefits of outsourcing your credit control with us means:

• You will see an improvement in cash flow
• An improvement in the amount of working capital
• We can work in a way that suits your needs
• We can put distance between you and your customers
• Professional service – we’ll develop a relationship with your customers

• We don’t go in ‘all guns blazing’ – we understand how important your customers are to your business
• Debt recovery – we can take a more rigid approach when it’s needed. For example, if a customer is no longer with you or is refusing to pay
• We will work with you to develop a plan that works for your business

Whether you have one problem debt, or you need a fully-outsourced credit control department, we’ll help solve your cash flow issues and keep you on good terms with your clients.

COMPANY FORMATION £35.00

When you want to start a limited company, actually forming the company is only the first step. You also need to think about registering for the various HMRC business taxes and this is something In-Depth Accountants will offer. In-Depth Accountants are ready to help contractors, freelancers and small businesses form limited company and advise them on the required structures in company formation. In-Depth Accountants will go beyond the standard company formation service. We will have a company formed and ready for business instantly, whatever your requirements are, In-Depth Accountants will tailor our services to meet your requirements.

We can provide you with a comprehensive service to ensure that your company complies with the myriad of obligations required under company law we will complete the company secretarial and corporate governance requirements. Our service will also include all HMRC tax registrations.

• We get to know you: We’ll learn about what you do and understand the industry you operate in, ensuring we always meet your expectations and deliver the best accountancy support possible.
• You have one point of contact: In-Depth accountant will allocate your very own expert personal accountant who’ll be your point of contact at all times.

MANAGEMENT ACCOUNTS

From £50.00 Per Month

Management accounts analyses how a business has been performing on a monthly basis which can be tailored to suit your needs, as well as being invaluable at identifying the future running of the business. The information in management accounts is usually broken down so that the performance of different elements of the business can be measured. For example if a business has more than one sales outlet, there might be a separate report for each. There may also be a report produced to show how well a particular product has done across different outlets. For businesses selling more than one product, it is advisable to provide a financial breakdown for each product category. This will allow you to ensure that profitable products are not subsidising those that are selling poorly, unless you intentionally promote loss leaders to attract further custom.

There is no legal requirement to prepare management accounts, but it is difficult to run a business effectively without analysing management accounts, the historical performance and usually include future elements such as sales, cash flow and profit forecasts. The analysis is usually performed against forecasts, budgets last year accounts and industry average.

Businesses have different needs depending on the size and complexity of their operation, but a set of management accounts can include any or all of the following:

• Profit & loss accounts and Balance sheet, possibly analyzed by department / division / subsidiary;
• Actual performance measured against budget;
• Cash-flow projections, and future profit projections;
• Key performance indicators;
• Other information such as debtor turnaround times.

Some businesses will require their management accounts on a monthly basis, whilst for others quarterly will be sufficient. To be of any use to a business they need to be produced in the shortest time possible and be both accurate and informative. In-Depth Accountants will produce the accounts in the format that the owners of the business find easiest to work with. In-Depth Accountants will work with you to identify what is important to track for your business and then compile a set of accounts that will assist your business towards success.

PAYROLL

From £50.00 Per Month

​In-Depth Accountant will adapt our payroll service to your requirements and ensure that every detail, for every employee is taken into account; enabling you to focus on your business confident that the payroll is in capable hands.

• Process payroll regularly
• Produce and print payslips
• Process all adjustments
• Take instruction from the Client and process them through payroll
• Manage the Software
• Ensure software is up to date with current legislation
• Calculate SMP, SSP, Tax Credits, Student Loans, Benefits (e.g. Cars), Tax changes, P45, P46, P35, P11d, all other payroll calculations
• Process Payroll through your accounts and track payments to employees
• FPS – Online filing to HMRC

REPORTING

From £100.00 Per Month

Accounting reports are compilations of financial information that are derived from the accounting records of a business. These can be brief, custom-made reports that are intended for specific purposes, such as a detailed analysis of sales by region, or the profitability of a specific product line. More commonly, accounting reports are considered to be equivalent to the financial statements. These statements include the following reports:

• Income statement: States the revenues earned during a period, less expenses, to arrive at a profit or loss. This is the most commonly used accounting report, since it is used to judge the performance of a business.
• Balance sheet: Shows the ending asset, liability, and equity balances as of the balance sheet date. It is used to judge the liquidity and financial reserves of a business.

• Statement of cash flow: Shows the sources and uses of cash related to operations, financing, and investments. Can be the most accurate source of information regarding the cash-generating ability of an entity.

In-Depth accountants to deliver accurate, timely and relevant financial information to the corporate reporting team, ensuring application of corporate and local accounting policies. Successfully managing relationships with the shared service centre to deliver these requirements. In-Depth accountants will take the responsibility of ensuring the following are met to high standard.

• All operational aspects of the production of ledgers, including the analysis of balance sheet and profit & loss items.
• Review of monthly balance sheet reconciliation to ensure integrity of financial information.
• Review of all corporate reporting requirements for completeness prior to submission to corporate.
• Production of analytical tools and analytical memos supporting each one of the reports produced.
• Development of process improvements for accurate production of data.
• Review hedging information provided to corporate treasury, revaluations.
• Produce annual tax computation information (with input from shared service centre).
• Create monthly tax reporting, including VAT, EC Sales Listing, Intrastat, National Statistics (with input from shared service centre).
• Produce statutory accounts information / full accounts working with shared service centre to deliver the require output.
• Produce complex/high judgement journals
• Provide technical accounting expertise to the UK business, inputting into key decisions.

​Our reporting also includes weekly cashflow manager, breakeven analysis, client spend analysis and many more according to your business requirements.

VAT RETURNS

From £99.00 Per Return

From 1st April 2017 the taxable turnover threshold which determines whether a business must be registered for VAT, will remain at £85,000. The taxable turnover threshold which determines whether a person may apply for deregistration will remain at £83,000.

When this happens, you’ll need to complete and submit a VAT Return online to HMRC each quarter. Even if you don’t have to mandatorily register, it can be in your interests to do so. Yes, that may seem confusing; but we’re here with our expertise to talk you through all of your options.

Many are wary of completing their own returns as they can seem pretty tricky, so it’s worth outsourcing the completion of your VAT returns to experts. This is where we come in. We don’t just take your bookkeeping numbers and submit them to HMRC. In-Depth accountants will investigate further, ensuring there are no discrepancies that might make the VAT Return incorrect.