Hire Remote Bookkeeper, Accountant , Tax return Preparer or Admin Person
Monthly Bookkeeping, Payroll, Financial Statements & Tax returns for Pharmaceutical and Drug Manufacturing industry
Quality Driven Approach
QuickBooks And Xero Certified Experts
50% Reduction In Costs
Part Time / Full Time Resources For
- CPA Firms
- Bookkeeping Firms
- Business Owners & Startup Companies
Hire Remote Team
Bookkeeping software expertise
Our Services
Setting Up Xero/Quickbooks
Fill out our checklist to complete the Setup of your Cloud Software in a day. We provide step by step guidance.
Day To Day Bookkeeping
We will ensure that your books are upto date on the daily/weekly basis so you can stay on top of the Financial position.
Monthly Management Reports
We provide customized reports based upon client requirement. (Sales Perfomance, KPI’s, Overheads reporting, etc)
VAT Returns
We deal with VAT very closely for our clients to ensure that VAT claim is correctly calculated and Submitted Timely.
CIS Returns
Construction Companies enjoy error free and timely submission of CIS returns to HMRC through our services.
Payable Accounting
We track your accounts on a very regular note and also help your business run smoother.
Payroll Setup And Processing
Our procedure will take complete care of your Employee Setup, RTI Filings, Pensions , PAYG Liabilities, P45, P60.
Year End Finalization
We shall provide you complete Financials which can easily be used in preparation and completing Corporate Tax Return.
We provide end to end bookkeeping solutions for CPA’s and bookkeepers in the UK.
Why Are We The 1st Choice Of U.K. Businesses Accounting &
Tax Return Preparation
Reduce 50% in Current Costs
You will see a Cost reduction of at least 40-50% as compared to local Bookkeeper or Accountant.
Self Hosted PMS
Our standardized processes and decent Project Management system helps to communicate with you clearly and efficiently.
Faster Turnaround
We generally reply to every emails same day or within maximum 24 hours.
Starting from
£8
Per Hour Bookkeeping service
Detailed & Regular Work Updates
We send emails that carry all the necessary information you need to carry out business operations.
Monthly Meetings with CPA
We conduct monthly meetings with CPA’s for effective communication and understanding client needs.
Meeting Deadlines
We finish all our work prior to deadlines to prevent any kind of chaos during finalization. .
Detailed Checklists
We prepare a well-defined checklist of all the requirements for you so that you don’t have any confusion.
High Quality of Work
Our Standardized Procedures and Checklists will ensure error free work. .
Why Are We The 1st Choice Of U.K. Businesses Accounting &
Tax Return Preparation
Reduce 50% in Current Costs
You will see a Cost reduction of at least 40-50% as compared to local Bookkeeper or Accountant
Self Hosted PMS
Our standardized processes and decent Project Management system helps to communicate with you clearly and efficiently.
Faster Turnaround
We generally reply to every emails same day or within maximum 24 hours.
Starting from
£8
Per Hour Bookkeeping service
Detailed Emails
We send emails that carry all the necessary information you need to carry out business operations.
Monthly Meetings with CPA
We conduct monthly meetings with CPA’s for effective communication and understanding client needs.
Meeting Deadlines
We finish all our work prior to deadlines to prevent any kind of chaos during finalization.
Detailed Checklists
We prepare a well-defined checklist of all the requirements for you so that you don’t have any confusion.
High Quality of Work
Our Standardized Procedures and Checklists will ensure error free work.
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Cloud AddOns Expertise
Receipt Bank
Receipt Bank converts those annoying bits of paper – receipts and invoices – into Xero data!
Hubdoc
With Hubdoc, you can automatically import all your financial documents & export them into data you can use.
Spotlight Reporting
Attractive performance reports quickly and efficiently. Ideal for organizations that need deeper insight and analysis.
Gusto
Gusto offers fully integrated online payroll services that includes HR, benefits, and everything else you need for your business.
AutoEntry
AutoEntry captures, analyses and posts invoices, receipts and statements into your accounting solution.
Shopify
Connect Shopify and Xero to effectively manage your online sales, inventory and accounting requirements.
Introduction
Welcome to the fascinating world of pharmaceutical industries in the United Kingdom! As a business owner, navigating the complexities of financial management while overseeing daily operations can be a challenging endeavor. Fortunately, you can rely on the expertise of Meru Accounting to support you in this endeavor. In this article, we will explore the diverse methods of bookkeeping and accounting specifically tailored to the unique requirements of the pharmaceutical industry in the UK. By engaging the services of Meru Accounting, you can ensure the maintenance of accurate and dependable financial records, empowering you to make well-informed decisions that propel your business toward success. Prepare yourself for a journey that will enable you to take firm control over the financial landscape of your pharmaceutical enterprise.
Affordable Accounting For Pharmaceutical
Accounting for Pharmaceutical – In the pharmaceutical industry, costs attributed to manufacturing and items used for manufacturing are a major part of a company’s total expenses.
Accounting for Pharma Industry is a specialist area that requires expertise and an understanding of the sector. Our services can help you keep track of your most important things that matter. For instance, you can make sure payroll, accounts payable, accounts receivable, and credit cards are all managed appropriately.
Pharmaceutical Accounting For Abnormal Costs
We need to carry abnormal costs to another accounting period. So, for this, we need to ensure that they are not taken into the value of closing stock.
Our staff is particularly arranged and learned about this dynamic and continually evolving industry. We can also work with pharmaceutical customers that work at a medium, expansive, or independent company level. Regardless of whether you have to plan for tax returns, to free your high-level employees of random bookkeeping duties, or to find a money-saving solution for your business, we can help.
Typical Requirements In Accounting For The Pharmacy Industry
The Different Methods Of Bookkeeping And Accounting
- Cash Basis Accounting: Records transactions when cash is received or paid, commonly used by small pharmaceutical companies. Simple but may not fully reflect financial position or revenue/expenses.
- Accrual Basis Accounting: This method recognizes revenue when it is earned, regardless of when cash is received, and records expenses when they are incurred, regardless of when payment is made. Accrual accounting provides a more accurate representation of a company's financial performance and position, and it is widely used in the pharmaceutical industry.
- Computerized Accounting Systems: Computerized Accounting Systems for pharmaceutical companies automate bookkeeping tasks like data entry and financial reporting. Popular software options like QuickBooks, Xero, and SAP are tailored to their needs.
- Outsourcing:Outsourcing bookkeeping & accounting allows businesses in the pharmaceutical industry to focus on core operations while external experts handle finances. Choose the best method based on business size, complexity, and regulatory compliance.
What Are The Benefits Of Outsourcing Bookkeeping In The Pharma Industry?
How Will Meru Accounting Help Pharmaceutical Industries In Bookkeeping And Accounting
- Cost Savings: Outsourcing bookkeeping to Meru Accounting can provide cost savings for pharmaceutical companies. Instead of hiring and maintaining an in-house accounting team, which can be expensive, companies can rely on Meru Accounting's services at a fraction of the cost. This allows pharmaceutical companies to allocate their financial resources more efficiently.
- Focus On Core Competencies: By outsourcing bookkeeping to Meru Accounting, pharmaceutical companies can focus on their core competencies such as research, development, and marketing. It allows internal staff to concentrate on activities that directly contribute to the growth and success of the company while leaving the financial management tasks to the experts at Meru Accounting.
- Accuracy And Compliance: Meru Accounting ensures accurate and compliant financial records by utilizing its expertise and knowledge of accounting regulations. We have robust processes and quality control measures in place to maintain accuracy and adhere to industry-specific requirements. This reduces the risk of errors, financial discrepancies, and non-compliance with regulations.
- Timely Financial Reporting: Meru Accounting provides timely financial reporting, including regular preparation of financial statements such as balance sheets, income statements, and cash flow statements. This allows pharmaceutical companies to have up-to-date and reliable financial information for decision-making, tax planning, and regulatory reporting purposes.
- Data Security and Confidentiality: Meru Accounting prioritizes data security and confidentiality. We have stringent data protection measures in place to safeguard financial information. Pharmaceutical companies can trust that their sensitive data is protected, minimizing the risk of data breaches or unauthorized access.
- Advanced Technology and Tools: Meru Accounting utilizes advanced accounting software and technology tools to streamline bookkeeping processes. This ensures efficient data management, real-time reporting, and improved accuracy in financial records. Pharmaceutical companies can benefit from access to these tools without the need for their investment.
- Professional Support and Guidance: Meru Accounting offers professional support and guidance to pharmaceutical companies. We can provide insights into financial management, tax planning, and strategic decision-making. Our expertise and advice can contribute to the overall financial success and growth of the pharmaceutical company.
Conclusion
Bookkeeping and accounting play a crucial role in the success of pharmaceutical industries in the United Kingdom. Navigating the complexities of financial management can be overwhelming for business owners, but outsourcing to experts like Meru Accounting offers significant benefits.
Outsourcing bookkeeping services allows pharmaceutical companies to focus on their core competencies, such as research and development, while ensuring accurate financial records and compliance with industry-specific regulations. The use of advanced technology and specialized knowledge in accounting for the pharmaceutical industry further enhances efficiency and accuracy.
With Meru Accounting’s support, pharmaceutical businesses can achieve cost savings, data security, and timely financial reporting. This empowers them to make well-informed decisions and maintain a competitive edge in the dynamic pharmaceutical landscape.
Overall, the partnership with Meru Accounting enables pharmaceutical companies to take firm control of their financial landscape and propel their business towards sustainable growth and success.
CONTACT US FOR ANY QUESTIONS
U.K. Office
3rd Floor 207 Regent Street,
London, W1B 3HH.
Phone: +44 73 6051 0348
Hiring Virtual Accountant With Meru Accounting
Meru Accounting provides world-class services that cater to all the needs of cloud accounting and bookkeeping of your business.
We work on the best accounting software like Xero and Quickbooks, as well as add-ons that will make sure all your work is up-to-date.
Help you with switching from your traditional software to Xero and Quickbooks.
We also manage VAT, CIS, CT 600 Tax return, Companies house Tax return, Confirmation Statement, Payroll RTI return submissions which gives your onstop solution for all.
When you choose to outsource your accounting work with us, it benefits you in the following ways:
- 1. Cost-saving
- 2. Access to skilled and experienced professionals
- 3. Better management of books of accounts
- 4. Decreased chances of errors
- 5. Improve business efficiency
- 6. De-burdens in-office employee’s dependency
- 7. Better turnaround time
We work on virtual technologies like Team Viewer, Virtual Private Network (VPN) to share and access data from your system.
You have to share your accounting software login details.
Through that, we complete all of your work and update it on the cloud, so you can have access to your data from anywhere and at any time.
Software is not a barrier for us. Due to our strong and professional accounting knowledge, we can prepare your books in almost any of the accounting software.
Our experts are always all ears to listen to your queries regarding bookkeeping and accounting or our services. You can contact us anytime by visiting: Contact Us page.
We provide our bookkeeping services at the rate of US $10 per hour. So, you only need to pay for the amount of time actual work is done.
We take certain preventive measures to secure your data, like:
- Cyberoam Firewall to prevent any kind of foreign threat.
- Dual-step authentication
- Implement anti-virus
- Limit user access so that login details are with a few people.
Meru Accounting work on some of the best accounting software’s like:
- Xero
- Quickbooks
- Netsuite
- Saasu
- Wave
- Odoo
Along with that, we also work with many add-ons like Workflow Max, Receipt Bank, Slack, TradeGecko etc., to extend your software’s capacity and improved work experience.
To book for trial, call us on our numbers or Please fill out the form here.
Our Work Information
We have combined team of Professionals. Seniors are generally Certified Chartered Accountants. Junior Bookkeepers are having Qualifications like Bachelors of Commerce, Masters of Commerce, Masters in Business Administration in the subject of Accounts and Finance, Intermediate level Qualification of Chartered Accountancy, etc.
For information visit our work methodology page.
We prepare a checklist of information required for bookkeeping and send you at timely intervals so as to ensure that we can do bookkeeping faster.
We can provide to you once we move ahead in our interview.
We serve clients on MYOB and have expertise working in Essentials, Account Rights Plus, etc.
Yes, We are presently processing Payroll for Number of clients in US , UK and Australia and take care of complete payroll activities.
Goods and Service tax (GST) is levied on sales of all the goods and services in Australia. GST is generally chargeable at 10% of value of sales.
Business Activity Statement is a predefined form to be submitted to the Australian Tax office by all the business persons in order to report on their all the tax obligations during the period covered.
BAS is generally required to be filed quarterly by various businesses.
Individual Business Owners
Yes, Owner of the business can prepare sign and lodge the tax return on his own. Its not mandatory that the Tax return needs to be signed by an EA or CPA.
No , its not mandatory that it should be prepared by only CPA or EA. It can be prepared by anyone who has PTIN.
We have Enrolled Agent who has the Authority to sign the documents for our clients after completing the through professional check.
Meru Accounting has its operational centre in India and hence the prices are quite less as compared to US based CPA’s and Enrolled Agents.
Meru Accounting has a team of Tax experts. Each Tax expert prepares around 300-400 Tax returns every year for various CPA’s in United States and Individual Businesses like yours. Due to this vast Experience and Robust Quality Check processes in place we can ensure you about correct Tax planning for your firm.
Our Office Address
UK Office
3rd Floor 207 Regent Street, London, W1B 3HH.
Global Production Team (India)
902, Shivalik Tower, Nr. Panchvati Cross Roads, Ahmedabad, Gujarat 380009, India
