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Home  /  Services  /  Bookkeeping
Advisory & financial services

Bookkeeping

Are the books getting too much to handle? Not to worry, our accounting team have huge experience in making sure all your bookkeeping is handled efficiently.

7M Accountancy — Bookkeeping

Bookkeeping in the United Kingdom follows a set of principles and practices to maintain accurate financial records for businesses. Whatever stage you're at, our team keeps your records clean, compliant and always up to date.

EverytransactionDebitwhere the value goesCreditwhere it comes from=mustbalance
Double-entry, done right. Every transaction is recorded twice — a debit and a matching credit — so your books always balance and your reports can be trusted.

Double-Entry System

UK bookkeeping uses the double-entry system, where every transaction is recorded twice to maintain the balance between assets, liabilities, and equity.

Chart of Accounts

A structured list of all the accounts used in a company's financial records, giving every transaction a consistent home.

Recording Transactions

Bookkeepers post transactions to the correct accounts in the general ledger, keeping a reliable running picture of the business.

Bank Reconciliation

Reconciliation is performed to ensure the balances in the company's records match the bank statements, catching errors early.

VAT

We track VAT correctly against the registration thresholds and compliance requirements so returns are straightforward.

Payroll

Accurate recording of wages and tax calculations keeps your payroll and your books in step.

Financial Statements

Income statements and balance sheets are prepared at period end, giving you a clear view of performance.

Compliance

We keep your records in line with the Companies Act, HMRC requirements and recognised accounting standards.

Software & Technology

We work fluently with tools like QuickBooks, Xero, Sage and FreeAgent to keep everything efficient and connected.

Talk to us about bookkeeping.

Book a free consultation and we will take care of the rest.