Departments Benwood Cleveland
Select one of our departments below for more information:
At Benwood Cleveland our aim is to help you fulfil your need for timely, accurate and relevant financial information by providing back-up support when its needed most.
We offer a range of services designed to give growing businesses whatever support they need. Interlocking seamlessly with existing staff and resources, we give you the option to remove the burden of payroll, bookkeeping, VAT returns and the preparation of management accounts.
The benefits of this are:
More up-to-date information and better decision making reports are produced
Timely and accurate management information is essential to good decision-making but redundant unless interpreted accurately. Preparing and interpreting reports is a specialised business and recruiting experts to do the work in-house is expensive. With Benwood Cleveland you have the reassurance of expert advice, but without the unnecessary encumbrance of taking on additional personnel. As your business develops and grows and the time comes to recruit, we can help train your new or existing staff to help you build up the necessary experience in-house.
More value
For most organisations, management reporting is a chore that never quite makes it to the top of the priority list. Although no one would question the importance of tracking where the business is going, day-to-day business always comes first. However, accurate information on how your business is performing is essential. It warns you of problems early on, when there is still time to do something about them. It gives you a benchmark to evaluate your performance against competitors and is a yardstick for measuring progress against your business goals. Benwood Cleveland gives you accurate, reliable reports based on both management accounts and other financial information. Presented in a clear, consistent format, we measure your performance and give you the peace of mind that key elements of your business are being well monitored.
A flexible service
Easily tailored to individual requirements, Benwood Cleveland integrates seamlessly with your existing operations and will easily adapt to meet your developing needs. For example, you may want to keep certain accounting functions in-house. No problem. Our service allows you to do just that. You can outsource the entire accounting function or just part of it. From the list below, you can choose only the services you need.
Computer services
Computers have become an integral part of business life. We have many years of successful systems implementation and have assisted our clients with many successful installations.
In recent years, accounting software has become much easier to use, and cheaper to acquire, but the choice remains bewildering. We are well placed to advise upon the most appropriate accounting software for your business.
We provide a full range of services, which include:
- Strategic advice
- Introductions to suppliers
- Training
- System reviews
- Management reporting
- Spreadsheet design
- Database design
- Bureau services
Bookkeeping
Using accounting software to provide a cost effective solution, eliminating the need for you to acquire software, recruit/train staff, and enabling accurate monthly reporting.
- Basic data entry
- Production of monthly reports
- Debtors listings
- Cheque preparation
- VAT returns
- Payroll
- Credit control
Management accounts
Management accounts provide invaluable financial information to enable management
to monitor and improve their performance, and to take timely decisions about
the future activities of their businesses.
The combination of up to date financial information with regular input from
our staff will provide a powerful and unique service to assist you and your
business in achieving your financial objectives.
Up to date accounts should help ensure the full confidence of your bankers
and other lending institutions by demonstrating that the management of your
business is based on accurate information.
- Data transfer and review
- Monthly or quarterly reporting
- Assistance on interpretation
- Attendance at Management meetings to present the accounts and discuss the implications
Accountacy software
We are experienced in using, supporting and supplying a range of accounting
packages.
We are able to recommend solutions, which are suitable for businesses with
very simple accounting requirements, to businesses requiring complex solutions.
The combination of our professional accountancy background and knowledge of accounting software products places us to advise, source, install, train and support on bookkeeping and accounting software.
We are a member of the Sage Accountants Club, which enables us to supply and advise upon a wide range of Sage accounting products, including Instant Accounting, Line 50 and Payroll.
We are also able to advise on and support Quickbooks, TASbooks, Systematics Accord and many other bookkeeping programs.
We are also able to recommend a sensible and cost effective solution for very small businesses, which may not have considered computerised accounting.
Payroll bureau
It is often uneconomic for small to medium sized businesses to prepare for their own payrolls and to deal with the ever-increasing burden of PAYE and NIC regulations. The time constraints are becoming increasingly more onerous and the penalties for getting it wrong are now severe. Can we help? We provide a comprehensive computerised bureau payroll service. We can provide you with:
- A complete system
- Monthly payrolls with PAYE remittance details
- Fixed or variable rates of pay, bonuses and overtime, SSP and SMP
- Directors National Insurance, Class 1A, etc.
- Full end of year service including P14's, P60's and P35.
Vat services
Value Added Tax affects all businesses. When introduced in 1973 it was hailed as a simple tax but in reality it is far from that. Its rules are particularly complex, and its effects are often not considered until it is too late. VAT planning requires in-depth knowledge and even the most conscientious sometimes fall foul of the VAT inspector. It is a high-risk area where professional advice can bring big rewards.
Benwood Cleveland's VAT department have worked with a wide variety of businesses, all requiring varying levels of support. We have helped many of our clients to reduce VAT assessments and minimise their VAT liabilities.
Additional Benefits
Lower your IT costs
You now no longer need to buy and maintain your own accounts preparation software .We use the latest systems to provide a cost-effective solution for you. Software upgrades and continual training need no longer be your concern.
Save on Staffing Costs
Regardless of the scale of your business, you can save money. Our bookkeeping services will always cost less than employing a full-time bookkeeper. At the other end of the scale, our business advisory services are only a fraction of the cost of employing a financial director. As well as saving on salary costs, you no longer have to spend time and money finding, recruiting and trying to retain the right person.
Greater Reliability
Business owners never really take a holiday or go off sick, but their accounts staff do, often resulting in delayed management reporting. Our fully staffed team removes the need for holiday and sickness cover - insuring you get the information you need, when you need it.
If you would like more information on anything listed above contact us now for your free initial consultation.
Effie Brooks
Tel – 01642 607 047
E-mail –effie@bensonwood.co.uk
