CITY ACCOUNTS UK

Finance and Tax Professionals

Accountancy Services

At City Accounts we believe customers should receive more than just an ordinary service. We go beyond the traditional accounting and offer top class service as well as providing wide range of services, making us first point of contact for all your accounting and financial operational needs.

We are here to provide you with a solution to any accounting or tax question you may have or always wanted to ask but never had courage, whether due to nature of the issue or something else, to speak to your financial advisor. The team of specialists is here to provide an advice no matter how complex or confidential the situation.

Using our low fee and fixed cost accounting services, wherever applicable, are just what many companies are now looking for to cut the company overheads. The charges for listed services are all you pay and incorporate all the work required to complete the overall work.

We are confident our clients would not find a better service and cheaper cost of preparation of accounts than us. The customer satisfaction is paramount to City Accounts and we always aim that it is always kept in such a way.

Management Accounts

Preparation of Monthly Management Accounts

- Reconciling National Insurance and PAYE Payments and Liabilities

- Reconciling Net Wages and Salary Adjustments

- Reconciling Opening and Closing Stock Figures

- Posting Accruals Journals

- Posting Prepayments Journals

- VAT Calculation

- Checking of Creditor and Debtor Control Accounts

- Depreciation Calculation and Journal Postings

- Directors Loan Account Reconciliation

- Suspense Account Clearance

- Provision Workings and Postings

- Bank Current Account Reconciliation

- Nominal Ledger Transactions Checking

- Trial Balance Checking and Corrections

- Creation of Profit and Loss Report and Charts

- Creation of Balance Sheet Report and Analysis

- Other Related Work and Reporting

Sales Ledger Services

Management of Sales Ledger Tasks

- Invoicing List Module invoice and credit note creation

- Invoice numbering and printing

- Updating the sales ledger with invoice and credit note details

- Sending regular invoices and credit notes to customers

- Sending regular customer statements to customers

- Posting receipts to sales ledger account

- Customer account reconciliation

- Creating new customer account, setting credit limit, terms and other details

- Direct invoice and credit note postings and adjustment entries

- Reporting, analysis and other sales ledger work

Credit Control Services

Management of Purchase Ledger Tasks

- Sending original and requested copy invoices

- Sending original and requested copy credit notes

- Sending original and requested statements

- Debt chasing and call tracking

- Updating notes, queries and other required information

- Responding to queries and non-payment resolution

- Customer credit monitoring with external credit agencies

- Executing County Court Judgments (CCJ), only as per client instructions

- Claiming monies via court proceedings, only as per client instructions

- Credit Control Reporting

Purchase Ledger Services

Management of Purchase Ledger Tasks

- Invoice and credit note postings via purchase order update module

- Invoice numbering and filing

- Updating the purchase ledger with invoice and credit note details

- Preparing regular supplier payment schedules

- Sending supplier payment remittance advices

- Posting payments to purchase ledger

- Supplier account reconciliation

- Creating new supplier account, setting pay terms and other details

- Direct invoice and credit note postings and adjustment entries

- Reporting, analysis and other purchase ledger work

Nominal Ledger Services

Management of Nominal Ledger Tasks

- Creating new nominal codes in Nominal Ledger

- Checking Chart of Accounts for nominal code consistency

- Creating new nominal codes in Chart of Accounts

- Synchronizing nominal codes NC vs CoA

- Reconciling specific nominal codes

- Analyzing nominal codes

- Other nominal ledger services

Sales Order Processing Services

Management of new Sales Orders and Quotes

- Creating new Sales Orders and Quotations

- Price, quantity, price updates, message lines insertions and updates

- Allocating and Despatching orders on the system

- Printing and filing pdf or paper printed document copies

- Converting Quotations to Sales Orders

- Stock allocation and updating Stocks against Sales Orders

- Quotes and Sales Order amendments and duplication

- Back order and outstanding Sales Order reports

- Despatch Note printing and filing

- Other work related to Quotation and Sales Order reporting

Purchase Order Processing Services

Management of new Purchase Orders

- Creating new Purchase Orders and Quotations

- Price, quantity, price updates, message lines insertions and updates

- Ordering and marking Deliveries on the system

- Printing and filing pdf or paper printed document copies

- Printing Goods Received notes and filing

- Stock allocation and updating Stocks against Purchase Orders

- Purchase Order amendments and duplication

- Outstanding Purchase Order reports

- Updating Purchase Orders and converting to invoices

- Other work related to Purchase Order reporting

Products Creation Services

Management of creating new Products on the system

- Creating new product codes

- Assigning product description, cost, nominal codes and other details

- Stock and Non Stock product variation

- Stock In, Out, Transfer, Stocktake and other options

- Product Activity tracking

- Product and Stock related various reporting

Budget Setup and Analysis Services

Setting of company budgets, updating, monitoring and analyzing

- Analyzing sales, cost of sales and overheads

- Setting up Budget excel spreadsheet

- Setting up formula links, charts and variances

- Favorable and Adverse variance analysis

- Monthly benchmarking against Profit and Loss figures

- Reporting and improvement implementation

Cashflow Reporting Services

Setting of company cashflow forecast, updating, monitoring and analyzing

- Analyzing sales, cost of sales and overheads

- Setting up Cashflow excel spreadsheet

- Setting up formula links, charts and variances

- Tracking net cash in and out variances

- Monthly benchmarking against forecast figures

- Reporting and improvement implementation

Sales Break Even Reporting Services

Setting of company sales break even forecast, updating, monitoring and analyzing

- Analyzing sales, cost of sales and overheads

- Setting up Sales break even excel spreadsheet

- Setting up formula links, charts and variances

- Tracking sales variances

- Monthly benchmarking against past and future expected figures

- Reporting and improvement implementation

Accounts System Audit Services

Reviewing accounts software and the system, feedback on strength and weaknesses

- Evaluating company used software and used capabilities

- Evaluating implemented processes and efficiency

- Sampling company data and spot checking

- Evaluating findings and good practice recommendations

- Advice on improvements and how to design better accounts processes

- Full report on existing processes, system strength and weaknesses

s@cityaccounts.co.uk