• Chartered Accountant & Business Advisor
  • 074 555 00 240
  • 24, Skene Crescent Westhill, AB32 6BN
  • Mon -to- Fri
  • info@magnusaccounting.co.uk

Accounting

Accounting Services

Every business, whether a small business, an SME or a large enterprise, has to take care of its accounting, all financial records, employ and manage accounting staff, and deal with creditors and auditors. As your accounting services provider, we at Magnus Account can take care of all those aspects of your business. Our services are customised according to the size and type of business you have. Our versatile services range from providing bookkeeping services to managing payroll to managing your entire accounting function.

On-site and off-site accounting solutions

We provide both on-site and off-site accounting services. Our team can work from your business premises or from our corporate office or from both the places, based on your company’s custom requirements. Our office is located in Aberdeen. We lay special emphasis on clear and constant communication between our clients and the assigned accounting teams. There are regular in-person meetings and updates. Off-site services involve phone support to quickly resolve all daily queries.

Our comprehensive range of accounting services can help address the unique demands of different types of businesses:

Management Accounting

Our management accounting services cover the following:

Budgets and forecast accounting
Monthly and quarterly reporting
Project and cost centre accounting
FCA reporting and filing
Customised reporting
HMRC personal, partnership and company tax returns
Companies House Financial Statements

VAT accounting services

Our range of VAT accounting services include:

Reconciliation of VAT accounts
Production and filing of VAT and ECSL returns
VAT accounting advice
Management of VAT inspector visits

Compliance and statutory reporting

We provide the following compliance and statutory reporting services:

FCA reporting and filing
HMRC personal, partnership and company tax returns
Companies House Financial Statements

Payroll Management:

Our payroll management services include:

Payroll processing on a periodic basis
Payslips
P60’s
Accounting reports
Employee and HMRC payments
RTI
Back office accounting services

It can be overwhelming to keep up with your finances when managing your company. Our back office accounting services include the following to make your business more efficient to manage:

Accounts processing and reconciling
Credit control
Bank account management
Raising sales invoice and sending
VAT compliance and management
Paying suppliers and sending remittances
Bookkeeping Services:

Manual input based accounting services have always been inefficient and costly. Our cost-effective bookkeeping services are flexible and involve the use of latest technologies to address these challenges associated with traditional accounting. We have a team of bookkeepers who will study your business to create an efficient and effective system to manage your day-to-day bookkeeping tasks. Our experts are proficient with the use of all the popular bookkeeping software systems, including QuickBooks, Sage, NetSuite, and Xero.

End-of-Year Accounts:

Our experienced accounting professionals ensure efficient processing of your end-of-year accounts in a timely and accurate manner whilst meeting all statutory compliance requirements. We have vast experience in preparation of HMRC and Companies House compliant reports, ensuring accurate computation of personal tax and corporate tax to increase your tax savings.

When our experts manage your bookkeeping, our unique accounting controls help ensure that the following financial aspects of your business are efficiently managed for effective and quick preparation of end-of-year financial statements:

Expenditure
Income
Liabilities
Assets
Equity
Our end-of-year accounting services include the following:
Profit and loss statement
End-of-year balance sheet
Profit & loss analysis
Preparation of tax returns
Balance sheet review and reconciliation

We review the results based on the tax calculations to help achieve optimally efficient tax outcomes for your company.