AFP Services

AFP offers a comprehensive and holistic finance department solution including the preparation of full financial statements from your accounting data. Our experienced team should be able to untangle most financial queries so you will not be bogged down in accounting minutiae. We take all of the stress and strain out of meeting your statutory requirements, as we can apply our specialist knowledge to ensure that your accounts will be fully compliant with all company law and financial reporting standards:

• Balance Sheet reconciliations.

• Debtor monitoring including the recording and reconciliation of outstanding invoices.

• Fixed Asset schedules including asset registers and depreciation.

• Development and assessment of key financial ratios and compliance with bank covenants.

At the outset the most important thing we do is provide well organised reports that help clients to understand how their business is performing. For larger or more complicated businesses we go beyond the data and the information that it generates and provide insight and advice to help you to run your businesses. It is all about understanding the financial information and converting it into management information which in turn can support hands on action by the management team:

• Extracting useful management reports from bookkeeping records.

• Compilation and sending out of customer invoices.

• Credit control including monitoring and management of all trade debtors and help from our experienced team in chasing late payers.

• Cash flow forecasting and control.

• Budgeting.

The information you get out of anything is only ever as good as the data you put in. AFP’s core activity is collating your financial data, organising it appropriately and inputting into a suitable accounting software package. This basic recording of the income and expense of your business is the initial building block for all the services that we offer:

• Basic accounting services including the recording of Sales, Purchases, Bank, Credit Cards, Travel and Entertainment Expenses, Cash Book, Nominal Ledger.

• Inputting data into financial software such as QuickBooks.

• Processing receipts and expenses, calculating VAT and PAYE liabilities and recording other important information to ensure continuity and efficiency in all your supplier relationships.

• Reconciliation of recorded cash movements against bank statements and general monitoring of cash balances to manage cash flow and mitigate against unplanned overdrafts.