I then needed to update our accounting systems. I do this on quite a frequent basis, as start-ups and fast growing businesses needs change all the time. What was a quick way to do a task last month, could take a lot longer next month.
During the early years of the company, all of the book-keeping and accountancy function was in Excel. Excel is easy to use and can be fast when dealing with 1,000’s of sales a month.
We soon joined up to the flat rate scheme, which made preparin the VAT returns a lot quicker. We can look into the different VAT schemes to help you save time and money.
A large project we took on was to move the stock and invoicing system to a cloud based database. We outsourced the database production successfully and it is now a major part of our accounting systems.
We have recently migrated the accounts from Excel to Sage 50.
These changes have helped reduce the workload in preparing the accounts, quarterly UK VAT returns and the monthly German VAT returns.