Business Service Packages
For Straight-Forward Monthly Support
Divine:Essential
The Essential Monthly Bookkeeping Service is aimed at Sole Traders or Limited Companies with a turnover under the vat threshold, this straight forward no fuss package offers your business the simple bookkeeping basics and is aimed at business owners who are simply looking to get the basic entries completed to ensure your business is compliant with HM Revenue and Customs. Accounts will be maintained on a monthly basis and preparation made for your final Year-End reports and Self-Assessment filing.
Service Options Include:
Credit card transactions and reconciliations
Completing monthly sales and purchase ledger reconciliations
Preparation of accounts up to Trial Balance
Self-Assessment preparation and filing
Supply of your paperless expense and receipt processing system
Posting all business bank transactions
Completing monthly bank reconciliations
Posting purchase invoices, expenses and cash transactions
Allocating dividends and drawings accurately
Add-On Services:
Email and telephone support | Posting Payroll Journals | Adjustments for foreign currency | Basic monthly management reporting including Cashflow, Profit & Loss | Quarterly virtual review meetings | Cloud accounting software subscription
*Your monthly subscription is bespoke to your unique business, depending on elements such as chosen services; size and complexity of your company; turnover; number of employees or any add-on services required.
Divine:Complete
The Complete Monthly Bookkeeping Service Package is aimed at Limited Companies or Partnerships with a turnover over the vat threshold with a designated Accountant who carries out your final Year-End Accounts. This is the most popular option because you get valuable monthly reports to help you manage your business, general advice and your accounts with be finalised up to Trial Balance ready to hand over to your Accountant.
Service Options Include:
Supply of your paperless expense and receipt processing system
Posting all business bank transactions
Completing monthly bank reconciliations
Posting purchase invoices, expenses and cash transactions
Allocating dividends & drawings accurately
Credit card transactions and reconciliations
Completing monthly sales and purchase ledger reconciliations
Completing payroll journals
Precision accounting with accruals and prepayments
Aged Creditors reporting
Aged Debtors reporting
Basic quarterly management reporting including Cashflow, Profit & Loss
Completing the quarterly vat reconciliations
Completion and filing of Vat returns, MTD Compliant
Preparation of accounts up to Trial Balance
Cloud accounting software subscription
Email and telephone support
Add-On Services:
Adjustments for foreign currency | Quarterly advanced managements reporting | Quarterly virtual review meetings | Quarterly KPI analysis
*Your monthly subscription is bespoke to your unique business, depending on elements such as chosen services; size and complexity of your company; turnover; number of employees or any add-on services required.
Looking for more?
Business Growth Packages
If you are running a larger business and want a deeper understanding of your figures by utilising advanced management reporting then these packages are for you.
What Clients Are Saying
“At the beginning of lockdown, within 24hours I received a list of all my standing orders and monthly expenses. It was clear and concise and enabled me within the same day to organise payment holidays or cancel subscriptions that I could save money on. My income had dropped through the floor so having the knowledge that I was able to take action and reduce my outgoings was the most important relief for me to achieve.”
“I am within my second year of trading and recently started to use Divine Bookkeeping. Kat was recommended to me and she has helped me get to grips with the paperwork I have to keep and which expenses I can claim as well as home office costs which I had no idea I could include! She has given me clear guidance and advice and has been a tremendous support for me. I can highly recommend her expertise and knowledge if you are thinking about setting up your own business.”
“For years I have tried to prepare and file my own business accounts, but I was finding it too overwhelming so decided to outsource this side of my business. I’ve never looked back and working with Divine Bookkeeping has lifted a huge weight off my shoulders. I now realise that I wasn’t doing it correctly but now I have total confidence that I am claiming for everything I can, and Divine Bookkeeping has saved me money on my tax bill!”
Focus More on Your Business by Outsourcing your Bookeeping
Integrations With The Cloud
FAQs
What basic management reports to you produce?
Depending on the level of bookkeeping service package you decide to choose, you have the option to receive a range of management reports to include cashflow, profit & loss, forecasting and budgeting reports as well as analysing significant KPIs. If you sign up to the Business Growth Packages, these options come as part of my monthly services.
I don’t want to use online accounting software; how will you maintain my accounts?
For Sole Traders with a turnover under the VAT-threshold and who don’t yet need to be MTD compliant, a bespoke excel template will be generated specific to your business requirements. This will be formulated so you will be able to quickly review your monthly figures as well as your profit and loss report and emailed across to you for review on a monthly basis.
Do I need cloud accounting software to run my accounts?
Currently only businesses above the vat tax threshold are obligated to maintain their accounts using online cloud accounting software and file their vat returns direct to HMRC using their preferred platforms. From 2022 HMRC has put Making Tax Digital (MTD) back on the agenda and plan to introduce it to smaller firms starting in 2022. Until it is obligatory, it is your choice whether you use a software or a personalised excel template, but it would be a good idea to kick start with cloud software now.