For proper and efficient functioning of a business, an effective method of communication among owners, managers and investors is essential. Accounting fills this essential requirement as a common language of business. It not only communicates the financial health of a business to outside people, but also records and processes financial information into an easily accessible format that can be understood by any person in the business world.
As a life-blood of businesses, Accounting assesses the assets, liabilities and cash flow, or the future of a business, presenting a concrete picture about the business to all of its current and future investors. In essence, Accounting serves to record and organize all the financial transactions of an organisation.
There are two main branches of Accounting that businesses engage in to carry out business functions. One is Financial Accounting that records the transactions, summarises and presents them in a financial report or financial statement called Income Statement or a Balance Sheet. Financial accounting focuses on the reporting of an organisation's financial information to external users of the information. It measures and records business transitions and prepares financial statements in accordance with generally accepted accounting principles (GAAP). In UK financial statements has to be prepared according to UK GAAP.
Here at GLP Accountancy, we provide financial accounting that are extremely good value for money and tailor made to your needs, objects and goals in accordance with UK GAAP. Our Services are used by Contractors, freelancers, professionals, Building contractors & Sub-contractors, Consultants, Small & Medium size business and Large corporate organisations.Whether you are a small business or large corporate, we listen and understand your needs, so we can be your trusted business partner to reach your goals.
The other one is Management Accounting that compiles, analyses and presents reports on information that can help managers / directors in making precise decisions to realise the goals of their organisation. The reports are future-oriented and include both financial and non-financial information.
While in Management Accounting, internal measures and reports are based on cost-benefit analysis and are not required to follow GAAP, in Financial Accounting, reports are based on a company's financial transactions prepared as per standardised guidelines that are otherwise known as generally accepted accounting principles (GAAP).
Here at GLP Accountancy, we provide management accounts that are extremely good value for money and tailor made to your needs, objects and goals. Our Services include Budgeting, Variance analysis, Sales forecasting, cost allocation, financial forecasting etc. Whether you are a small business or large corporate, we listen and understand your needs, so we can be your trusted business partner to reach your goals.
GLP Accountancy offers a comprehensive range of high quality of both Financial Accounting and Management Accounting services tailor made to your needs, objects and goals in accordance with UK GAAP, including preparation of financial statements complying with the generally accepted accounting principles of UK GAAP.
1.Private and confidential tax advice
2.Face to Face meetings in 71 locations
3.Virtual Finance Director
4.We are open on Saturday
5.Free and Competitive quotes
Tax and Accounting are time consuming and there are so many rules and regulations. But as a business owner you can’t get away from these and they are simply tasks that need to be done and done well.
GLP Accountancy with its knowledge and expertise in all areas of Accounting & Tax is more than happy to take on the bean counting and number crunching for you, leaving you to concentrate on running and developing your business, saving you time and money. . Working with GLP Accountancy, you can expect prompt, friendly & professional quality services, customised to your requirements and all of it at extremely competitive rates
• Tax and tax planning including VAT, Corporation Tax, Self-Assessment and other tax issues
• Preparation of financial statements in UK GAAP and IFRS if required
• Pay-roll Solutions of FPS, EPS, pay-roll end, P11D etc
• Companies house compliance of submission of annual returns and annual accounts.
• Regulation and Compliance
• Tax and Business Advice and Accounts Support
,Ultimately we will take care of everything, allowing you to focus on running and developing your business – saving you time and money.
We offer a cost-effective service delivered in a manner that makes sense to our clients and provides added value to them. We deliver our clients a carefully chosen combination of unique benefits and because of our operating structure we can reduce our costs and pass the savings on to you.
We Don't do different things, We do things differently!!