Accounting services for small business: adding value beyond the balance sheet

LONDON - July 26, 2013 - PRLog -- In an increasingly challenging economic environment, small businesses and professionals need to focus more than ever on sustainable growth and financial efficiency in order to succeed. As a result, the role of accounting services has moved beyond the traditional financial and tax functions; according to a recent Pulse research by Sage, accountants represent the main source of expert business advice and guidance for small businesses, freelancers and startups, their area of expertise extending over business consultancy, employment advice and even IT services.  

In response to these trending needs, Accounts and Legal Consultants Ltd. have taken a different approach to accounting, providing small and medium-size business owners in London with professional accounts services (http://www.accountsandlegal.co.uk/accounting-services) that focus on building valuable commercial insights and generate profitability.      

Going beyond crunching the numbers on the balance sheet, Accounts and Legal accounting services offer access to a wealth of real-world managerial experience and sound business advice through dedicated Commercial Managers. They represent a single point of contact for small business owners, helping them gather valuable business observations from their statutory accounts via a comprehensive yearly ‘Commercial Insights’ report, facilitating access to the  Accounts and Legal team of chartered accountants, specialist tax accountants and employment solicitors for accounting production and technical questions, and offering complete procedural guidance and business support throughout the year.

Through this integrated accounting approach, Accounts and Legal are able to add value beyond the balance sheet, helping small business owners benchmark their performance against their competitors and putting together a quarterly cash flow model and financial forecasts that will allow effective budgeting for following years. Accounts and Legal Commercial Managers have the required business expertise to assist with tying in financial projections to cash flow statement and balance sheet in order to build accurate and realistic business plans, which are essential for commercial success and a key element when small businesses are seeking to raise external investment.  

Accounts and Legal accounting services not only help London small businesses plan for growth but actively contribute to them by taking away as much of the distracting bookkeeping, payroll and admin work as possible. Although working with businesses’ in-house bookkeeping records, Accounts and Legal are able to offer good value admin support as part of their full-service accounting services, by setting up cost-effective bookkeeping and payroll processes for small businesses. These processes allow business owners to save precious time, which instead can be directed towards running and develop their company.