BOOKKEEPING

Competitive improvement in today’s market is not merely about reducing costs, but delivering innovative and enhanced services to your internal or external clients.

At Deno Bookkeepping Limited , we want sturdy, longstanding relationships with our customers and understand the client need to provide value as well as flexible service. As part of our bookkeeping & accounting services we will put forward improvements to your existing processes and formats to run more efficiently for your business.

• Maintenance of books of accounts – manual/computerized
• Complete monthly and year-end closings:
• Prepare Depreciation Schedules
• Outsourcing all types of accounts services
• Reversing opening accruals in nominal ledger
• Entering data into monthly books of actual data
• Control account reconciliations
• Complete an extended trial balance with adjustment journals
• CFO outsourcing

Benefits of Outsourcing Accounting Services

Deno Bookkeepping Limited recommend our clients to outsource accounting due to the following benefits –

1. Save your time to track other business opportunities relatively than spending late nights in doing bookkeeping tasks.
2. Cost effective as customers do not want to employ highly skilled and expensive accountants.
3. The accounting staffs are constantly under third party check.
4. Drive the competence and improved business performance to the organization.
5. Consistently get an access to immense talent reservoir, helpful and useful for your business to scale up.
6. Outsourcing usually enables organization to get quality services within the deadline, thus aiding it grow in many aspects.

Business planning and forecasts

Every business should plan ahead to ensure success but daily business pressures often conspire to delay the strategic planning process. Financial forecasts are a crucial part of any business plan and we will ensure these are both meaningful and robust.

Business plan for i.e. bank loans, apply for businessperson visa under ECAA2 (Ankara Agreement), we provide quality and custom-tailored business plans that will meet your requirements in full.

STOCK CONTROL

1. Overview

Stock control, otherwise known as inventory control, is used to show how much stock you have at any one time and how you keep track of it.
It applies to every item you use to produce a product or service, from raw materials to finished goods. It covers stock at every stage of the production process, from purchase and delivery to using and re-ordering the stock.
Efficient stock control ensures that capital is not tied up unnecessarily, and protects production if problems arise with the supply chain.
This guide explains different stock control methods, shows you how to set one up and tells you where to find more information.

2. How much stock should you keep?

Deciding how much stock to keep depends on the size and nature of your business, and the type of stock involved. If you are short of space you may be able to buy stock in bulk and then pay a fee to your supplier to store it.
Keeping little or no stock
Advantages of keeping little or no stock and having it delivered when needed include:

• • efficient and flexible - you only have what you need, when you need it
• • lower storage costs
• • you can keep up to date and develop new products without wasting stock

Disadvantages include:

• • meeting stock needs can become complicated and expensive
• • you might run out of stock if there's a hitch in the system
• • you are dependent on the efficiency of your suppliers

This might suit your business if it's in a fast-moving environment where products develop rapidly, the stock is expensive to buy and store, the items are perishable or replenishing stock is quick and easy.

Keeping lots of stock
Advantages of keeping lots of stock include:

• • easy to manage
• • low management costs
• • you never run out
• • buying in bulk may be cheaper

Disadvantages include:

• • higher storage and insurance costs
• • certain goods might perish
• • stock may become obsolete before it is used
• • your capital is tied up

This might suit your business if sales are difficult to predict (and it is hard to pin down how much stock you need and when), you can store plenty of stock cheaply, the components or materials you buy are unlikely to go through rapid developments or they take a long time to re-order.

3. Stock control systems

Stocktaking involves making an inventory, or list, of stock, and noting its location and value. It's often an annual exercise - a kind of audit to work out the value of the stock.
Codes, including barcodes, can make the whole process much easier but it can still be quite time consuming. Checking stock more frequently - a rolling stocktake - avoids a massive annual exercise, but demands constant attention throughout the year. Radio Frequency Identification (RFID) tagging using hand-held readers can offer a simple and efficient way to maintain a continuous check on inventory.
Any stock control system must enable you to:

• • track stock levels
• • make orders
• • issue stock
• • The simplest manual system is the stock book, which suits small businesses with few stock items. It enables you to keep a log of stock received and stock issued.

It can be used alongside a simple reorder system. For example, the two-bin system works by having two containers of stock items. When one is empty, it's time to start using the second bin and order more stock to fill up the empty one.
Computer software
Computerised stock control systems run on similar principles to manual ones, but are more flexible and information is easier to retrieve. You can quickly get a stock valuation or find out how well a particular item of stock is moving.
A computerised system is a good option for businesses dealing with many different types of stock.
The system will only be as good as the data put into it. Run a thorough stocktake before it goes 'live' to ensure accurate figures. It's a good idea to run the previous system alongside the new one for a while, giving you a back-up and enabling you to check the new system and sort out any problems.
Choose a system
There are many software systems available. Talk to others in your line of business about the software they use, or contact your trade association for advice.
Make a checklist of your requirements. For example, your needs might include:

• • multiple prices for items
• • prices in different currencies
• • automatic updating, selecting groups of items to update, single-item updating
• • using more than one warehouse
• • ability to adapt to your changing needs
• • quality control and batch tracking
• • integration with other packages
• • multiple users at the same time

4. Control the quality of your stock

Quality control is a vital aspect of stock control - especially as it may affect the safety of customers or the quality of the finished product.
Efficient stock control should incorporate stock tracking and batch tracking. This means being able to trace a particular item backwards or forwards from source to finished product, and identifying the other items in the batch.
Goods should be checked systematically for quality so faults can be identified and the affected batch weeded out. This will allow you to raise any problems with your supplier and demonstrate the safety and quality of your product.
With a good computerised stock control system, this kind of tracking is relatively straightforward. Manual stock control methods can also use codes to systematise tracking and make it easier to trace particular batches.
Radio Frequency Identification (RFID) can be used to store information about a product or component's manufacturing date, to ensure that it is sold or processed in time. The system can also be used to trace faulty products quickly and efficiently.
The British Standards Institution (BSI) has a scheme to certify businesses that have achieved a certain standard of quality management. Achieving the standard is one way of showing customers and regulators that you take quality control seriously.
For more information on managing goods, read our guide on storing goods and materials.

Payroll

Deno Bookkeepping Limited's payroll services will help you save time and focus well on your core strengths.
Every year, small businesses unnecessarily lose days of productive labour on payroll activity. Our expert payroll services will let you concentrate on your key business areas, while we take care of taxation and employment legislation and the accompanying regime of penalties for non-compliance.
Administering your payroll can be time consuming and troublesome, diverting energy and resources from the core activities of your business. We have dedicated staff that can relieve you of this trouble by providing a comprehensive and confidential payroll service, including:

• • Customised payslips
• • Administration of PAYE, national insurance, statutory sick pay, statutory maternity pay, etc
• • Completion of statutory forms, including year end returns, to issue to your
• • Employees and submit to the Inland Revenue
• • Summaries and analyses of staff costs
• • Administration of incentive schemes, bonuses, and ex-gratia and termination payments
• • Administration of pension schemes

Even if you have only a few employees, you will make savings by engaging us to administer your payroll.

TAX ACCOUNTING

Our financial advisors provide individualized consultant services to help alleviate the uncertainty and stress involved with tax and accounting management. With many years of experience, our experts know everything there is to know about Tax Accounting, inside and out. Contact us today and let us do the work for you.

Personal TAX Planning

Just about everyone needs professional advice at some time to optimise their TAX position and ensure they meet all their statutory obligations.
Deno Bookkeepping Limited are TAX specialists.
We can provide you with year round TAX advice on:
• Income TAX
• Capital Gains TAX
• Inheritance TAX
• Trusts and estates
• Foreign TAX issues
Every pound of TAX you save means more money left for living or more benefit for your loved ones.
Make sure you take full advantage of all available TAX saving opportunities - call us today to arrange a personal TAX planning review.

BUSSINESS CONSULTING

• Business consultants help companies overcome challenges, increase revenue or grow.
• It's important to ensure business consultants have experience and previous success with companies like yours.
• Business consultants may charge by the project or the hour, or require daily or monthly retainers.
Business consultants provide management consulting to help organizations improve their performance and efficiency. These professionals analyze businesses and create solutions while also helping companies meet their goals. Business owners should consider hiring business consultants when they need help or perspective on their chosen path or a catalyst for change in their companies.

BUSINESS STRATEGY

Business Strategy and the Environment (BSE) is the leading academic journal in its field with peer-reviewed contributions of a high quality. It seeks to provide original contributions that add to the understanding of business responses to improving environmental performance. It seeks to examine links between competitive strategy and environmental management as well as providing results of research into systems and standards, corporate environmental management tools, organisations and management, particular industry sectors and responses of business to contemporary environmental issues. It examines the role of regulation and policy in the business sector and encourages cross-country analysis. Contributions are encouraged which extend the scope of activity from environmental management to sustainable development in business. The journal should be of interest to a broad interdisciplinary audience including academics, practitioners, business managers and consultants.

MARKETING & REPORTING

Successful marketing is rooted in data
Digital marketing needs data. Deno Bookkeeping’s analytics experts happily reside in a world of spreadsheets, pie charts, and bar graphs. We love Google Analytics, and we love using it to inform our strategies and creative decisions. We believe that a successful marketing strategy is hinged on data, on understanding the story your numbers are telling and using constant analysis to fine-tune and improve your efforts.