Accounting & Bookkeeping services in Ealing & London

Successful people in business focus on their core activities and strategical plans while leaving tedious, technical and time-consuming activities to experts. Accounting and bookkeeping are one of those activities. At Majestic Accountants Ltd, our objective is to help our clients grow their business by offering them complete accounting services including bookkeeping (onsite and offsite), Payroll, VAT and corporation tax etc. We use approved online cloud-based accounting software to keep our client up to date with their financial performance.

Bookkeeping is a process where organisations organise and process day to day transactions. It involves sorting out ledgers, bank reconciliation, maintaining fixed asset registers, maintaining sales ledgers and purchase ledgers and payroll etc. for business. If you are not familiar with double-entry bookkeeping and technical knowledge of debits and credits in accounting, trying to do the bookkeeping yourself may result in accounting errors in financial statements which may result in penalties and stress.

Depending on the size and nature of the business our client accountants recommend the right software to you. We usually use Quickbooks, Xero and Freeagent as our bookkeeping software (which are cloud-based systems) and you can have access to your online data anytime you prefer. This offer transparency and accuracy of transactions processed.

Being a futuristic focus, we maintain our client’s accounting and bookkeeping records electronically. Our accountants recommend the right software and record the transaction along with their backed up invoices and bills within that software online.

Our team of dedicated and expert bookkeepers in London have extensive knowledge and experience of handling hundreds of accounts. We can save you time and money by taking these tasks on. We offer the following bookkeeping services in London:

• Provide you online access to bookkeeping software to raise invoices to your customers
• We complete monthly/quarterly bookkeeping as per requirement
• VAT registration, bookkeeping for VAT returns and submission of VATs with making tax digital (MTD) process.
• We process payroll, calculate the payslips and post journals to accounts.
• We produce management account reports for our clients to keep them up to date with their financial performance
• We submit the confirmation statements on a yearly basis on behalf of our clients.
• We maintain the fixed asset register on behalf of our clients
• Our team of professional bookkeepers and accountants make sure that all the accruals and prepayments journals are accurately entered into year-end accounts.
• We prepare and submit annual statutory accounts (including abbreviated, abridged or full accounts) to Companies House and HMRC through iXBRL compliant software.
• We support our clients in case of tax planning and tax investigations.
• Our experts can provide advice on taking out the maximum income from your business in the most tax-efficient way (in a particular proportion of salary and dividends).