Accurate financial reporting is crucial for a business to thrive, and bookkeeping is the foundation of your business. At Finerva, we help directors make confident business decisions by providing excellent bookkeeping services.
Free yourself from the hassle of managing accounts so you can focus on what really matters: growing your business.
We love getting to know our clients. It’s what enables us to go the extra mile. Once we understand your goals and what it is that motivates you, we’ll support you all the way. All our clients have an initial conversation with our expert and Partner, Seema Kher, who will understand your company’s finance requirements and will work with you to see which one of our services meets the needs of your business and growth stage of your company. We take time to understand your accounting needs and tailor our services accordingly.
Our experienced bookkeepers will assist you in growing your business, achieving success, and being compliant with the latest laws and regulations. We have a team of qualified bookkeepers who have years of experience working with start-ups and scale-ups, so they understand your requirements and challenges perfectly. Our team will complete your bookkeeping on a weekly or monthly basis which allows you to monitor your business cashflow. We are also well versed/ knowledgeable with payment platforms such as Stripe, Shopify, A2X, Go Cardless etc.
Our bookkeeping services include, and are not limited to:
- Xero set-up
- Invoice scanning using Hubdoc or Dext
- Bank Reconciliation
- Maintain Fixed asset register
- Recognition of accruals, prepayments, deferred income in the correct period
- Monthly payroll (RTI) submissions to HMRC
- Pension auto-enrolment
- Prepare and submit monthly and quarterly MTD VAT returns
- Handling VAT investigations
- Meeting deadlines
- Management Accounts
- Monthly/ quarterly reviews and updates
- Year-end close for your company statutory accounts to be prepared
- Handling HMRC compliance requirements on your behalf, when set up as your agents
Get in touch with us
020 3422 9800-
Seema Kher Partner, FaaSSeema has over 21 years of experience at KPMG working with small to medium sized businesses across a wide range of industries. At Finerva, she oversees the accounts compliance service for clients and provide a seamless ‘one stop shop’ that provides all their accounting and finance needs.
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FAQs
01. What companies can you support?
We primarily work with Limited Companies that are registered/have permanent establishments in the UK. Our clients are fast-growth businesses, mostly in the tech, financial, consumer goods and life science sectors and often backed by Angels and VCs investment. However, we have an extensive expertise and partners across other sectors too and we’re always excited to meet new ambitious founders.
02. Why is it essential to get your Bookkeeping right?
Bookkeeping is a foundation of your financial information and legal obligation. Those records are important for day-to-day decisions (understand your financial position & performance) will be necessary in the future – whether you are filling your statutory financial statement, fundraising or going through the due diligence during your Exit process. Getting it right the first time won’t only save you some time in the future but also increase credibility and opportunities for higher value during your exit. Read more.
03. What are the benefits of working with Finerva?
- Expertise – using our team of professional bookkeepers and accountants we are on hand to answer queries you may have and offer advice where required.
- Time saving – you don’t have to worry about the finance function of your business so you can focus on what you do best, growing your business
- Reduce staff costs – you will not need to spend time and money hiring and training employees. Our services offer flexibility to scale resources up or down as a business requires.
- Cost effective – Fees agreed in advance help you to budget and manage cashflow. Our fee are designed to meet your needs and ensure there are no unexpected or hidden charges.
- Working in the cloud – allows you to have real time access to data with immediate response
04. How do I send you the information?
We use Dext or Hubdoc as our expense management systems.
Simply take a picture of receipts / invoices with the app, and we will do the rest of making sure it is coded to the correct nominal account, correct VAT treatment and reconciling with the payments.
06. How do I know when and what scheme to register for VAT?
We will look at the relevant VAT schemes available for you to register with, and discuss with you the advantages of each scheme with you, and then get the business VAT registered.
07. I sell my services / goods in the UK and abroad, how will I know what VAT rate to apply?
We will help you to understand the correct VAT rates that you should be applying in line with HMRC guidance when selling your goods and/or services within and outside the UK.
08. How will I know what VAT I owe and when that has to be paid?
Your bookkeeper will keep you updated with VAT returns due and timing of when the submission needs to be completed by. Once finalised and submitted they will let you know when you need to make payment by and payment details. We will also help you set-up a direct debit with HMRC for VAT payments, so that you don’t have to manually make payments.
09. What happens if I receive a letter from HMRC wanting to carry out a review of a VAT return that has been submitted?
We will help you work with HMRC to provide them the information they require to verify the VAT return submission under review.
10. Can my bookkeeper discuss VAT matters on the business’s behalf with HMRC?
Yes, we can discuss the company’s VAT matters with HMRC on your behalf. To allow us to do this we ask you to appoint us as VAT agents with HMRC.
