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Bookkeeping

Bookkeeping is the day-to-day recording of vital business information and financial activities of a business. Bookkeeping operations must be ongoing and have precise data entry; mistakes here can lead to lengthy reworks and sometimes investigation exercises that cost time and money. 

  

Bookkeeping may not seem like a key function in any organization, yet it is impossible to carry out any other task without doing it. Bookkeeping is essential for keeping track of employee data, cash flows, and other business information. 

  

Maintaining books and keeping ledgers up to date daily, on the one hand, is extremely important and will save you from a lot of difficulties, but it is also a tedious chore that requires a lot of time and effort from you and your staff. 

  

To avoid this time-consuming procedure, business owners should obtain the services of a qualified Bookkeeping Accountant like Lanop, that understands your business operations and keeps accurate ledgers and up-to-date records on your behalf. 

  

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

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Bookkeeping is the systematic recording and organizing of financial transactions for a business or individual. It involves tracking income, expenses, purchases, sales, and other financial activities. Accurate bookkeeping is crucial for financial management, tax compliance, preparing financial statements, providing vital information for decision-making and assessing the financial health of an organization. 

A bookkeeper records and organizes financial transactions for businesses or individuals. Their tasks include tracking income, expenses, and payments, reconciling accounts, maintaining a general ledger, and providing data for financial reports and statements. Bookkeepers manage payroll, assist with tax compliance, and play a crucial role in maintaining accurate financial records, supporting business operations, and ensuring financial transparency and compliance. 

Maintaining books and keeping ledgers up to date daily, on the one hand, is extremely important and will save you from a lot of difficulties, but it is also a tedious chore that requires a lot of time and effort from you and your staff. 

  

To avoid this time-consuming procedure, business owners should obtain the services of a qualified Bookkeeping Accountant like Lanop, that understands your business operations and keeps accurate ledgers and up-to-date records on your behalf. 

Lanop has expertise in the best MTD-compatible book-keeping software in the market. We are affluent in: 

  1. SAGE 
  2. Quick-Books 
  3. Free-Agent 
  4. Xero 

Lanop Accountants eliminates the need to search for an all-encompassing accountancy firm. Our corporate headquarters in 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.  

Bookkeeping involves recording and organizing financial transactions, ensuring accurate data entry. Accounting encompasses a broader role, analysing and summarizing financial data to create reports like balance sheets and income statements. Accounting provides financial insights for decision-making and business management. 

Our CaseStudy

Experience&Give HighSuccessRates

Sole traders are individuals who own and operate their businesses. Managing finances and paying taxes are among their responsibilities, as well as finding customers and offering products and services. Keeping track of one’s finances can be difficult for sole traders due to the day-to-day responsibilities of their businesses.

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Our team consists of skilled and experienced accountants and financial advisors. These professionals are able to assist individuals, entrepreneurs, business partners, and larger ventures with their financial and accountancy acumen. 

Florentina Demaj

Florentina Demaj

Assistant Accountant

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VAT registration & Returns

Your business must register with HMRC if your Taxable VAT Turnover is over £85,000. On top of the initial registration process, our VAT professionals will also help you plan, prepare and file all the necessary paperwork on your behalf, ensuring your returns are filed correctly and on time. 

PAYe & Payroll

Our specialist payroll department efficiently manages payroll and PAYE on your behalf by collecting and maintaining meticulous records of employees. We also help keep track of your pay slips and file your P30s and P60s on schedule. 

XERO Support & Training

Our highly qualified chartered accountants and XERO-certified advisors will not only advise you on XERO accounting software integration for your business. Still, they will also provide specialized training for your staff on using the MTD-compatible software to its full potential. 

Budgeting & Cash Flow Management

We provide detailed and in-depth advice on your business’ annual and management accounts. These services include budgeting, financial and economic forecasting, income and expenditure management, and careful cash flow analysis. 

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Why Bookkeeping is More Than Just Number-Crunching for Your UK Business
July 6, 2023 Bookkeeping

Why Bookkeeping is More Than Just Number-Crunching for…

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0208-392-9375

Address: 389 Upper Richmond Rd, London SW15 5QL, United Kingdom.

Email: inquiries@lanop.co.uk

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Florentina Demaj

Florentina Demaj

Assistant Accountant

I am working at Lanop as an Assistant Accountant. I became part of the Lanop team through an internship and joined full-time after successful training. I assist client managers in annual accounts preparation, VAT submission, Self -assessments, bookkeeping, client meetings, payroll, HMRC issues, and other financial services. I meet all my task deadlines on time and foster a collaborative relationship for overall success. I am driven by a passion for accuracy and a commitment to financial excellence. I have recently graduated with a Master of Science with distinction in International Business Management with Finance in London and seek opportunities for further professional growth.

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