The minimum frequency is dictated by your reporting obligations, so if you are VAT registered then the minimum is quarterly. If not, you have the option of only doing your bookkeeping annually.
The maximum frequency is dictated by how much value you get from handling bookkeeping beyond the minimum requirement. Completing your bookkeeping enables you to obtain management reporting, such as P&L reporting and Balance Sheet, which you can access easily within your Xero account (we will show you how if you would like this). In practice, this means that most small and mid-sized businesses opt for quarterly bookkeeping, with larger businesses that rely more on management reporting for strategic decisions opt for monthly.
We currently discount the fee vs the price for monthly bookkeeping by 25% for quarterly and by 43% for annual bookkeeping.
If you're after a bit of advice and not ready to commit to an accountant, you can book a consultation call with us.
Ahead of the call you can fill in a questionnaire to grab the basic details about your business so we can spend our time discussing higher value points. We can cover a range of topics including:
The call is 15 minutes.
Not strict. If we have a couple minutes of chit-chat about recent global pandemics, we'll add this on at the end. We leave a 15 minute buffer after calls to accommodate this.
If you come onboard as a client your fee is credited back to your account.
What is the cost?
The consultation call is £50, including VAT.
What if I just want to ask about your services?
In this case, please get in touch by submitting a message on the Instant Quote form.
You've read our FAQs, blog posts, testimonials, understand the costs and are satisfied that we know our accounting for ecommerce. Then go ahead an click below to sign up.