Streamline Your Ecommerce Finances with Professional Bookkeeping Services
Hire Remote Bookkeeper, Accountant , Tax return Preparer or Admin Person
Monthly Bookkeeping, Payroll, Financial Statements & Tax returns for Energy and Infrastructure Development Business
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.
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.
.
Cloud AddOns Expertise
Focus on growing your business with our cloud-based accounting and bookkeeping solutions. Our cloud-based accounting services eliminate the need for time-consuming paperwork and data entry, allowing you to streamline your business. With cloud accounting, you get to access your financial data anytime and anywhere.
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
In the thriving and rapidly changing UK power industry, accurate bookkeeping practices are crucial for success. Businesses must prioritize effective accounting solutions to manage intricate financial transactions and comply with regulatory requirements.
In this article with Meru Accounting, we explore unique considerations for bookkeeping in the power sector and strategies to optimize financial management processes. Whether outsourcing or seeking best practices, Meru Accounting empowers businesses with expertise and comprehensive solutions. Elevate your accounting operations with us.
How To Achieve Financial Goals In Power And Infrastructure Industry?
- Bookkeeping For Power Industries
- Payroll Management
- Depreciation Analysis
- Taxation Requirement
- Alleviating Uncertainty
- Future Projections
Significance Of Bookkeeping In The Power Industry In The UK
- Financial stability: Accurate bookkeeping practices help ensure the financial stability of power companies by providing a clear understanding of their income, expenses, and cash flow.
- Informed decision-making: Detailed financial reports generated through bookkeeping enable power companies to make informed decisions about investments, cost management, and strategic planning.
- Compliance with regulations: Bookkeeping ensures that power companies remain compliant with tax laws, industry regulations, and reporting requirements, reducing the risk of penalties or legal issues.
- Avoiding errors and discrepancies: Accurate bookkeeping helps prevent errors and discrepancies in financial records, reducing the likelihood of costly mistakes and ensuring the integrity of financial statements.
- Identifying growth opportunities: By tracking income and expenses, power companies can identify areas for potential growth, cost reduction, or revenue optimization.
Importance Of Accurate Bookkeeping In The Power Industry
- Accurate bookkeeping is crucial for the power industry due to its unique financial considerations and regulatory requirements.
- The power industry deals with large capital expenditures, and accurate tracking of expenses is essential to maintain profitability.
- Compliance with industry-specific regulations, such as emissions trading schemes and renewable energy incentives, requires accurate bookkeeping.
- Timely and accurate financial information enables better decision-making in revenue generation and cost management within the power industry.
- Inaccurate records can lead to lost revenues and penalties, highlighting the importance of maintaining accurate books and records.
- Outsourced or offshore accounting services providers specializing in the power industry can assist in maintaining accurate bookkeeping records.
Leveraging Technology For Efficient Bookkeeping
- Cloud-Based Accounting SoftwareAdopting cloud-based accounting software enables businesses to access financial data from anywhere with an internet connection. This real-time accessibility ensures accurate and up-to-date information for quick decision-making.
- Automation And Streamlining Technology tools can automate and streamline tedious bookkeeping tasks, reducing manual effort and human errors. This leads to increased efficiency and better resource allocation.
- Artificial Intelligence (AI) AI-powered solutions can identify anomalies and errors in financial data, improving data accuracy and financial reporting. AI can also suggest areas for process improvements to increase efficiency and reduce costs.
- Outsourcing Bookkeeping Services Offshore providers equipped with technologies like OCR and machine learning algorithms can process large volumes of data quickly and accurately. Outsourcing helps save time and money while maintaining compliance with financial regulations.
- Cost-Effectiveness By leveraging technology, businesses can cut down on manual labor costs, optimize resource allocation, and enhance overall cost-effectiveness in bookkeeping operations.
- Improved Compliance Advanced technologies help maintain accurate records and adhere to regulatory requirements, reducing the risk of non-compliance penalties.
- Enhanced Decision-Making Real-time access to financial data and AI-driven insights empower management to make well-informed decisions promptly, leading to better business outcomes.
- Competitive Advantage Embracing technology-driven bookkeeping practices allows companies to stay competitive in the fast-paced power industry, where efficiency and accuracy are crucial for success.
How Meru Accounting Helps In Bookkeeping And Accounting For The Power And Infrastructure Industry?
Outsourcing accounting services to Meru Accounting provides power industry businesses with specialized expertise, tailored solutions, cost savings, scalability, financial accuracy, and a competitive edge.
This strategic partnership allows companies to navigate the complex financial landscape of the power industry while dedicating their internal resources to driving innovation and growth.
Conclusion
In conclusion, as the UK power industry experiences rapid growth and transformation, precise bookkeeping practices have become paramount for companies within this sector. Meeting regulatory requirements and managing complex financial transactions are essential for thriving in the competitive landscape.
By partnering with Meru Accounting, businesses can gain valuable insights, optimize financial processes, and benefit from our expertise in the power industry. Whether considering outsourcing bookkeeping needs or staying updated on emerging trends, Meru Accounting’s comprehensive solutions can empower businesses to achieve sustained success in this dynamic field.
CONTACT US FOR ANY QUESTIONS
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
Our Office Address
UK Office
3rd Floor 207 Regent Street, London, W1B 3HH.
Global Production Team (India)
2nd, 3rd ,4th and 5th floor, Shanti Annexe, above Morima, opp. B.d.patel House, Sardar Patel Colony, Sundar Nagar, Naranpura, Ahmedabad, Gujarat 380006
