What Arthur Hamiltons can do for you and your business:
Our family-owned account service has been serving the community for the last 20 years. Our team has grown and includes experienced CPAs and dedicated support to provide both personal and professional financial services.
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Day to Day Management of Accounts
Arthur Hamiltons can stay on top of your business’ accounts daily for all transactions. By keeping track of every sale or purchase and using software to do it all, it’s much easier for them to keep an eye on your cash flow.
Maintain Up-to-Date and Accurate Records
Arthur Hamiltons will make sure that all of your business records are up-to-date. Plus, it’ll be our job to flag up any inconsistencies between the books and your business accounts, making sure you resolve problems quickly.
Keep Businesses Aligned with Laws
Tax can be a sensitive area. One mistake and a dreaded letter from HMRC can soon be on your way. That’s where Arthur Hamiltons come in, as they can help make sure your business stays aligned with the relevant laws.
Keep You Prepared for Tax
Like the laws and regulations, tax deadlines are quite strict as well. Doing the books is usually never the priority for many small businesses, so deadlines can slip under the radar. To keep the taxman happy and stop you from paying any additional fines, Arthur Hamiltons will make sure your records are accurate, so you’re always prepared for tax.
Manage Bank Feeds
At a basic level, Arthur Hamiltons manage transactions brought in through software, like an app. Bank feeds, that link the software with your business bank account, allow you to see each transaction in real-time.
Handle Accounts Payable
It’s usually Arthur Hamiltons who make payments on behalf of your small business. This can include anything from payment of supplier invoices, petty cash and expenses.
Send Out Invoices and Manage Accounts Receivable
Another big responsibility of Arthur Hamiltons is that they prepare invoices and send them to your clients so you can receive payment on time. Managing the accounts receivable ledger is also likely to be done by Arthur Hamiltons - as well as chasing up late payments so your records are always accurate.
Prepare Financial Statements
Arthur Hamiltons will also be responsible for preparing some significant financial statements for small businesses. These can include a profit and loss statement, balance sheet and cash flow statements.
Process Payroll
The services Arthur Hamiltons offer can vary. We can fulfil payroll and other HR functions for small businesses. This can include assisting businesses with the processing of pay checks and tax payments to employees.
Deal with Foreign Currency Transactions
Arthur Hamiltons also make sure to maintain accurate foreign currency accounts, utilising current exchange rates. This can be made much easier with compatible digital bookkeeping apps that can instantly analyse exchange rates without wasting much time.
Perform Stocktake
For small businesses, Arthur Hamiltons also produce inventory reports by counting stock items. If there are any discrepancies, we report back to the business to make sure you can address problems quickly.
Keep an Eye on Cash Flow
One of the most essential tasks Arthur Hamiltons will do for a small business is making sure they don’t run out of day-to-day money. They can do this by keeping an eye on the balance of revenues to expenses, along with offering more advice if the business needs more available cash to operate.