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As a TaxGem client, you can opt to do your own bookkeeping in house, or for us to prepare this on your behalf.
Generally clients who use their bookkeeping software to raise sales invoices and record purchase invoices and expenses on a day to day basis will do their own bookkeeping in house. But often the step that is missed is the bank reconciliation. As well as marking sales and purchase invoices as paid, performing the bank reconciliation is a vital final step. Bookkeeping is often more technically challenging than clients expect. We can perform this for clients if they wish to outsource just this step.
For clients who work on a cash sales basis (i.e. do not raise sales invoices) it is generally easier for us to perform the entire bookkeeping process.
Fees will vary depending on the service level required and the number of transactions.
Our preferred bookkeeping software is Sage as we are a Sage Official Practice, however our team are comfortable working with all software including, but not limited to Xero and Quickbooks.
