Logistics & Distribution

The original use of the word Logistics is military in nature, meaning the acquisition, storage, and movement of personnel, equipment, and provisions. It has existed since time immemorial, but Napoleon Bonaparte reintroduced it by saying, ‘an army marches on its stomach, clearly laying out the importance of logistics. 

 

The modern connotation of the word logistics is the process of planning and executing efficient transportation and storage of goods from the point of origin to the point of consumption. The goal here is to meet customer requirements in a timely and cost-effectively. 

 

You need an accountant’s perspective and financial guidance to succeed in a competitive market. A skilled accountant is required for everything from property appraisal to company and VAT registration, accurate tax computations, and day-to-day cash flow management. 

 

Lanop is well-connected in the marketplace, and we are up to date on the latest industry norms and regulations. We deal with a wide range of logistics and distribution companies, including start-ups, SMEs, family businesses, etc. Our skilled chartered accountants ensure you obtain all your accounting services in the most convenient and practical manner, all under one roof. Our decades-long experience with logistics and distribution businesses makes us the perfect choice for you. 

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More than 2.5 million people are employed in the logistics industry in the UK, and they generate more than £125 Billion in revenues. 

Lanop is well-connected in the marketplace, and we are up to date on the latest industry norms and regulations. We deal with a wide range of logistics and distribution companies, including start-ups, SMEs, family businesses, etc. Our skilled chartered accountants ensure you obtain all your accounting services in the most convenient and practical manner, all under one roof. Our decades-long experience with logistics and distribution businesses makes us the perfect choice for you. 

Lanop Accountants eliminates the need to search for an all-encompassing accountancy firm. Our corporate headquarters in Putney, London, provides practical and efficient solutions to all your accounting needs. 

Our skilled tax and finance professionals work diligently to make your life simpler by reducing financial stress and making business models more lucrative and efficient in accordance with up-to-date regulations. 

The logistics and distribution industry involves the management, transportation, and storage of goods and materials from their point of origin to their destination, ensuring efficiency and cost-effectiveness throughout the supply chain.

Accounting services in logistics and distribution involve managing financial aspects of supply chain operations, including tracking expenses, revenue recognition, inventory valuation, and compliance.

Yes, UK logistics accounting addresses specific tax implications related to Value Added Tax (VAT), customs duties, and excise duties associated with cross-border trade.

An accountant working within a logistics company fulfils the following responsibilities:

  1. Financial Insights: Offers essential financial information to management by thoroughly researching and analysing accounting data, subsequently crafting insightful reports.
  2. Journal Entries Preparation: Gathers and assesses pertinent account details, leading to the preparation of entries for assets, liabilities, and capital accounts.
  3. Transaction Recording: Accurately documents financial transactions by inputting relevant account information, ensuring comprehensive and precise financial records.

Accountants need strong analytical skills, attention to detail, familiarity with logistics operations, and the ability to collaborate across departments for accurate financial management.

SUPPLY OF RAW MATERIAL

Modern life depends entirely on the use of finished goods. These products require raw materials, the delivery of which is the most important aspect of a logistics and distribution network. Further examples are petroleum products, cotton, and grains. Without this movement, a country will come to a standstill. 

TIMELINESS & COMFORT

Modern consumers demand comfort and punctuality. Especially during the covid crisis, the electronic retailer has become the norm. The provider and the consumer require a go-between to deliver the goods, making logistics and distribution vital. 

PROFITABILITY

Logistics extends to managing returns to extract the most profit from sales. Success in logistics translates to increased efficiency, lower costs, higher production rates, better inventory control, smarter use of storage space, increased customer and supplier satisfaction, and an overall improved customer experience. 

COMPETITION

An accountant’s perspective and financial advice are vital to thriving in a fast-paced market. Property valuation to registration for VAT and corporation tax, as well as precise computations of taxes and daily cash flow management, all need an expert accountant. Following are some of the roles of a Logistics Accountant.  

WHAT CLIENT SAYS

About Us

Steven George-Hilley
Steven George-Hilley
2022-08-09
Our accountancy partners from the very beginning. A great team that tailors its services around the needs of the client, always available for advice, whenever its needed. Love working with them.
Asfand tahir
Asfand tahir
2022-07-01
I really don’t know where to start from i can not explain my happiness into words i can try but for sure there must be so many praises remains at the end Thanks indeed indeed Zaib And Lanop all team you guys are amazing i would say if I didn’t have you guys i would have been failed in many things All credit to Lanop what a brilliant firm Lanop Its all about you Zaib And Rehmat Thanks indeed you have done amazing job due to your work i have got my Tier 1 extension application successful within 47 days I can’t believe that i am so happy what a job you did I would advise Everyone come to Lanop for 100% guaranteed success in your immigration matters and all other accounting purposes Trust me, When name comes to success and successful it means Zaib. Big thanks to Rehmat What a team i had they are so lovely i disturbed them alot but they answered me every time For all my enquiries Rehmat the legend thanks indeed no words for you words are far behind, can’t explain you in words Rehmat and Tahir sorry I disturbed you alot and indeed you still helped every time. Rehmat is Very very professional the way he works I don’t think anyone does that way in entire country. Sidra Thanks alot for amazing help indeed You are amazing I dont know how to say how much i am happy from your work as well Kainat you too thanks alot Rehmat all credit goes to you thanks alot without your help I won’t be able to write all this today I am so grateful to you all What a team. Make sure guys you join Lanop without wasting anytime. Lanop Accountants ZINDABAD
jas singh
jas singh
2022-01-10
I have been a client of Lanop Accountants for the last 4 years and am extremely happy with their services. Zaib and his entire team is extremely professional and dedicated; they always respond swiftly and take personal interest in the business case. I have special words of praise for Rehmat and Waqar as they both helped me in my visa extension process immensely. Zaib has built a team of dedicated professionals and the work ethics speaks volumes about their firm. I would definitely recommend them!
Vinnit Patel
Vinnit Patel
2021-12-03
Very professional services, extremely pleased with the advice and work carried out on our accounts.
László Kohányi
László Kohányi
2021-10-12
I like their flexible approach. I had a bunch of small problems what was too little to big firms but too big for me. They explained the process, fees etc and solved my troubles. Price wise also been on the better side. Personally I recommend Rehmat. He is super responsive.
Alexey
Alexey
2021-05-18
Having been a client of Lanop Accountants for nearly 5 years, can't recommend them highly enough. Great professional team working 24/7 to meet every customers's need.
Eda Kendirli
Eda Kendirli
2021-05-04
Best and accurate service. Saved me so much time and money.
Femi Yusoof
Femi Yusoof
2021-01-29
I have been using Lanop Accountants for more than 3 years, and could not recommend them more highly to any one starting out in business or established business practice. Their professionalism, promptness and excellent customer service makes them in my opinion second to none.
JN
JN
2021-01-22
I used Lanop accountants to file some paperwork with HMRC as a non-dom resident. I’ve been very happy and impressed with their work so far. Zaib has been very knowledgeable and helpful. I recommend them and plan to use them again.

Role of Accountants
in the Logistics & Distribution

An accountant’s perspective and financial advice are vital to thrive in a fast-paced market. Property valuation to registration for VAT and corporation tax as well as precise computations of taxes, and daily cash flow management all need an expert accountant. Following is some of the roles of a Logistics Accountant.

 

  1. Financial analysis, like cost-benefit analysis 
  2. Financial and non-financial evaluation of alternate ideas and new investments 
  3. Identifying and implementing database technologies to enable smoother transactions 
  4. Reducing wastefulness and increasing flexibility and responsiveness of transactions 
  5. Collaboration with operations to identify and solve problems creatively 
  6. Providing analytical support for future ventures and budgeting. 
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