North West Numbers Ltd
Bury, Lancashire
Bury, Lancashire
We specialise in Charities, NGO's Social Enterprises and Voluntary Organisations.
Our chief Accountant has 32 years within accountancy with 17 of those directly working with these sectors.
WE WANT TO HELP YOU:
Free up your time, Reduce Costs, Reduce Your Stress Levels, Spend Time on what YOU want and Apply for Grants and Tenders
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What kind of accounting services do you provide?
Bookkeeping, Accounts Preparation, VAT returns, Tax returns, Charity Accounts in SOFA Format, Tax returns
Why is it so important for businesses to hire a great accountant?
Of course you can do the recording of your expenditure ins and outs and, if you're really interested, you could probably balance your records to your bank statement and make sure that nothing is missing.
BUT.
Do you want to do it or do you find it boring when you could be doing something else.
I actually really enjoy it, I enjoy putting figures together and being able to give reports to people at the end.
I feel my job is to take this burden off your shoulders and free up your time so you can go and do what you want to do and I can do what I enjoy.
Also I can make sure that your figures are right. That's where I come into my own. I know the rules and regulations and I know to prepare your records so they are done right. I can put them in the right format for your tax returns or to be able to go the bank asking for funding, or for filing with the government.
What do you love most about your job?
I love to work with numbers and I like to help make a difference in the world. My ideal would be to free up your time so that you can achieve more of what you want.
What inspired you to start your own business?
I have worked with the third sector most of my accounting career and I enjoy being able to make a difference (even in a small way) in the world even if it is only by supporting those that are during the direct support and aid to those requiring it.
Why should our clients choose you?
I have 32 years experience in the sector, I am very friendly and approachable.
I talk plainly and say how it is.
Bookkeeping (Quickbooks)
Reconcile Your Bank Account
Reconciling your business bank account each month keeps your bank account, accounting, and taxes up-to-date.
Reconciling means ...
We can identify lost cheques, lost deposits and unauthorised transactions.
Makes sure your bank charges are correct and transactions are posted correctly by your bank.
The ability to detect and prevent fraud from within your company.
Let's you know how your business is doing by making sure all accounts are reconciled and properly accounted for on your financial statement.
Manage your cash effectively which can help you save money and ensure it makes money for you.
Protect yourself. Timely reconciling allows you to promptly object to your bank about any unauthorised, fraudulent or forged transactions presented to your bank and paid by that bank, thus transferring the risk to the bank.
Ensuring you know what free funds you have to allow you to take advantage of those opportunities arising.
Downloads from bank accounts in the following formats can speed up the operation:
qbo, qif, ofx or qfx
Account Preparation
Production of a detailed profit and Loss Account and Balance Sheet with reconciled Balance Sheet main control accounts.
Profit and Loss Account
This is an itemised list of all your revenues and subtracts an itemised list of all your expenses to come up with a profit or loss for the period.
It allows you to...
Track revenues and expenses so that you can determine the operating performance of your business.
Determine what areas of your business are over-budget or under-budget (when compared against anticipated figures).
Identify specific items that are causing unexpected expenditures. Like materials, stationery, etc.
Track dramatic increases and trends in revenues or costs.
Determine your income tax liability.
Balance Sheet
A balance sheet gives you a snapshot of your business' financial condition at a specific moment in time.
A balance sheet helps you:
Get a handle on the financial strength and capabilities of your business
Identify and analyse trends, particularly in the area of receivables and payables.
Determine if your business is in a position to expand
Determine if your business can easily handle the normal financial ups and downs of revenues and expenses
Determine if you need to take immediate steps to bolster cash reserves
Balance sheets, along with profit and loss accounts, are the most basic elements in providing financial reporting to potential lenders such as banks, investors, and vendors who are considering how much credit to grant you.
Quickbook Setup and Support
I am a Proadvisor for Quickbooks and am able to train/support you to use the software as well as use it myself.
Budget/Forecasting
Help you to prepare a budget/ forecast for your trustees or funding bids, working through assumptions and producing figures in correct format.
