Online Bookkeeping

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In this section

• What is Bookkeeping?
• Why is Bookkeeping Critical to your Business?
• Bookkeeping Training
• Bookkeeping Services
• Bookkeeping and Accounting Software – Gordons Knight Online

What is Bookkeeping ?

Bookkeeping is the process of recording all the relevant transactions of a business.

Why is Bookkeeping Critical to your Business?

Every business needs to keep good records to:

• Raise invoices easily and collect them quickly
• Keep track of your VAT status and amount you owe
• Know how much money you are making or losing each month so you can take corrective action and provide your accountant with up-to-date information.
• Keep your bank informed to give you the best chance of getting finance when you need it
• Know where your business is going
• Prepare your year end accounts
• Keep the authorities happy if they launch an investigation – HMRC can tax you at any number of tax due they see fit, if you have not maintained “proper records”. Please be warned! To learn more about the support we provide for tax investigations, click here.

Bookkeeping Training

We provide two basic types of bookkeeping.

The first one is for micro businesses, and the bookkeeping is conducted on a spreadsheet. We provide free video training on this method of keeping your records, and have a streamlined way of using this information to prepare your accounts cheaply and effectively.

For slightly larger businesses with 2 to 10 members of staff, we have accounting and bookkeeping software which is described below. Even on this product, training is free, as are support and upgrades. See below for more details.

Bookkeeping Services

If you are too busy to keep your own records, or simply value your time at more than £15 per hour, we will do it for you. We identify what information you want, and design your bookkeeping around these needs. We then schedule how the information will be passed to us, and the frequency. You can leave the rest to us. You will get monthly reports giving you exactly what you need to run your business efficiently. You will have more time to seek and win new clients, rather than pour over boring accounting records. For more information on the bookkeeping services we provide click here.

Bookkeeping and Accounting Software – Gordons Knight Online

With our accounting software, Gordons Knight Online, you can save time, be better organised and have a greater insight into your financial position.

The software has been built with the small business in mind. We know that you want to spend your time on what you do, not struggling with complicated software trying to understand how it works.

That’s why our online accounting software gives you everything you need; from invoicing, to cash flow management, to VAT reports, and everything else you might need at your fingertips to keep your business running smoothly, and keep you focused on doing what you do best – running your business.

Read on for all the existing features and benefits that Gordons Knight Online offers you. If there is a specific feature you are looking for that isn’t listed here then please feel free to contact us.

We offer a 60 day FREE trial to give you the chance to experience our online accounting service with no obligation, so sign up now to get started in a matter of minutes.

Easy to use:

• Accessible from anywhere in the world
• Multiple concurrent users
• Intuitive interface
• No accounting jargon
• Free and fast support
• Improves Cash Flow
• Totally free for two months – no obligation to buy
• Low monthly payments
• No annual contract – cancel at anytime
• Saves Time
• Reminders by email when an invoice becomes overdue
• Peace of mind knowing you will never overlook an invoice
• Auto reminders so you never forget to collect a customer invoice
• Quickly and easily generate VAT returns
• Save you time and money
• The freedom to respond quickly to queries regardless of if you are at home or in the office
• Ability to send invoices by email
• Stay on top of unpaid invoices
• Easily store and retrieve information on all of your customers and suppliers
• Record how and when payments have been made and received,
• Accurate record keeping
• Increases productivity
• Create customised, tailored invoice templates
• Simplified credit control – chasing payments
• Greater control of the cash flowing into your business
• Automatic creation of invoices on a monthly or annual basis
• Statistics on customer values, average invoice-to-payment receipt time data etc.
• Identify good and bad customers
• Easily deal with any accounting queries
• Statement of account for customers and suppliers
• Insightful graphical reports on all aspects of your business
• Visually see how your business is growing
• You and your colleagues can all access information at the same time
• Get invoices to customers quicker and receive payment quicker

Increase Customer Service Levels:

• Present a professional and organised image to your customers
• Track where each of your customers come from
• See how effective your marketing spend has been
• Three pre-written reminder letters of increasing severity
• Maintain a list of your suppliers and customers

Secure:

• All data stored securely online and backed up every day
• No longer spend time backing up your data or fretting because you still haven’t done it
• Levels of security comparable with internet banking
• Peace of mind knowing your financial information is much more secure than it is stored on your own computer