Automotive Bookkeeping

Purchase Ledger Entries
We use a software package called Dext which has multiple easy-to-use functions such as a mobile app, drag and drop and automatic forwarding from email to ensure uploading all invoices (excluding parts) is quick and simple for yourselves, leaving our team to take care of the rest.

Weekly Bank Reconciliation
Each week we will reconcile your bank for you, with further month-end checks in place to ensure that the bank balance is correct at all times.

This will also help to keep vendor and customer balances accurate on your system allowing you to keep a keener eye on what is owed.

Purchase Ledger Reconciliation
The team will ensure all purchase invoices are on your system correctly and accurately while ensuring all vendors are neat and tidy.

VAT Return
Never worry about your VAT return again.

The team will ensure your VAT returns are completed and submitted on time, keeping you informed on the amounts owed by/due to your business at all times.

Supplier Statement Reconciliation
The team will check your supplier statements against your purchase ledger at month-end to ensure accuracy.

Any missing invoices/credits will be requested directly from suppliers and sent to you by email – this ensures nothing is inadvertently missed and all statements are reconciled accurately and efficiently.

A monthly payment run report will be sent directly to you with an easy-to-follow traffic light system so you are clear on the payments that must be made to all suppliers. 

Year End Support
At your financial year end the team will download all reports which your year-end accountant will need to complete and submit your financial reports directly from the system.

We collate all the information into a complete year-end folder and will liaise with your accountants directly on queries involving the system, bookkeeping and any supporting documentation they need. 

Customer Statements (e-mail)
Each month we will make sure your customer’s ledgers are up to date and then send your customer statements out by e-mail.

Profit and Loss
We will build a custom profit and loss report specific to your requirements and send it to you each month. Making sure that the figures are accurate and reliable.

Managed Asset Register
Our team will keep an up-to-date asset register to assist with the month-end depreciation journals.

Month-End Journals
We will post your month-end journals, such as wage journals​ and depreciation. This is essential to make sure you have an accurate profit and loss.

Monthly Video Session
Each month a member of our team will have a 1-hour Video session to run through your Profit and Loss, highlighting any concerns and taking any questions.

System Audits
Having a well-maintained management system is essential to produce reliable data. Our experts will keep a keen eye on your system and perform regular audits – reporting any concerns.

Financial Planning
As part of our onboarding process, our team will analyse your business’ finances and consult with you on your future plans, helping create a forecast and budget for the following 12 months.

Power BI Custom Reports – budget report
As part of the Advanced package, you will receive bespoke custom power BI budget report specifically tailored to your business and your targets. These targets will be reviewed on a quarterly basis.

Quartley In-Depth Analysis
Each quarter one of our experts will have a half a day in-depth analysis session of your business performance against your financial plan. During this session, we will adjust your financial plan if necessary and update your bespoke Power BI reports. These meetings can take place at our office in Nottingham or on Zoom.