Lady D Accounts is a finance, accounting and administration specialist consultancy for sole traders and small to medium-size businesses. Here below is a none-exhaustive list of our achievements working with various sole traders and small to medium-size for-profit and not-for-profit companies operating in different industries:
● Designing and implementing financial and administrative systems and p
rocesses including purchasing, sales, inventory, cash, etc. to prevent errors and fraud while ensuring the efficiency of the financial and administrative duties and safeguard the business assets.
● Initiating and leading the implementation of new Information and Communication Technology systems to improve the efficiency of the existing ones.
● Applying relevant accounting principles including the UK GAAP and the charity SORP to record and maintain accurately day-to-day accounting transactions on different accounting software including Xero, QuickBooks, Sage, and ERP systems, to allow the company’s stakeholders to have a constant clear understanding of the business financial situations.
● Managing period-end financial duties including monthly reconciliation of the bank accounts and other accounts, and posting adjustments’ entries for depreciations, amortisations, accruals, prepayments, and intercompany transfers and cross-charges.
● Applying relevant financial reporting standards including the FRS 102 and IFRS to design and compile period-end financial reports including the profit and loss account, balance sheet and statement of cash flow to allow the business stakeholders to make informed financial decisions and evaluate risks about their business.
● Managing the business finance and accounting processes and duties including payroll processes, VAT returns and credit control.
● Providing management and financial planning information as per managers’ requests including profit and loss accounts, budget and cash flow forecasts, reviews, and analyses.
● Developing KPIs to track the business performance and providing advice for potential discrepancies to ensure that the business is constantly monitored and that potential issues are resolved in timely manners.
● Liaising efficiently with the business internal and external contacts such as suppliers, customers, external accountants, auditors, HMRC, and banks to resolve any issues with accounting and finance and providing documentation and explanations.
