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 Wholesale and Distribution 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
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 highly competitive wholesale industry in the United Kingdom, efficient financial management is crucial for businesses to thrive. Accurate accounting and bookkeeping practices are essential for maintaining financial health and making informed decisions.
As a leading provider of professional accounting and bookkeeping services, Meru Accounting understands the unique challenges faced by wholesale businesses.
In this article, we will explore the significance of accounting and bookkeeping in the wholesale industry and discuss how partnering with Meru Accounting can help wholesale businesses streamline their financial operations and achieve success.
Let’s discover how Meru Accounting can be a valuable asset to wholesale companies in the UK.
Historical Context And Technological Advancements
-
Traditional Manual Record-Keeping:
• Wholesale businesses relied on manual methods such as ledgers and spreadsheets for accounting.
• This approach led to inefficiencies and inaccuracies in financial reporting.
• Manual calculations and data entry were time-consuming and prone to errors. -
Growing Complexity Of Financial Operations:
• As wholesale businesses expanded, the complexity of financial operations increased.
• The need for more efficient and reliable solutions became evident. -
Introduction Of Computerized Accounting Systems: • The adoption of accounting software revolutionized the wholesale industry.
• Computerized systems automated data entry, financial calculations, and report generation.
• Real-time insights into financial performance became accessible. -
Advantages Of Cloud-Based Accounting Software: • Cloud accounting solutions gained popularity in recent years.
• Remote accessibility allowed businesses to access financial data from anywhere.
• Real-time collaboration with accountants and team members became possible.
• Data backups on the cloud enhanced security and disaster recovery measures.
• Scalability offered flexibility to accommodate business growth. -
Automation Tools For Enhanced Efficiency: • Optical character recognition (OCR) technology reduced manual data entry errors.
• Machine learning algorithms automated tasks like bank reconciliation and expense categorization.
• Financial analysis became more streamlined. -
Data Analytics And Business Intelligence: • Technologies provided valuable insights into customer behavior and market trends.
• Wholesale businesses utilized data-driven decisions to optimize pricing strategies and identify opportunities for growth.
• Inventory management became more efficient. -
Integration With Other Business Systems: • Accounting software integrated with inventory management and CRM platforms.
• Seamless data flow improved overall operational efficiency.
What Constitutes Accounting And Bookkeeping In The Wholesale Industry?
Providing Accounting service is our forte, we have experience and knowledge of bookkeeping in the wholesale industry. We also provide our wholesale clients with weekly, monthly or annual statements as per their requirements. So, this gives them an overview of their businesses’ financial position.
Wholesale businesses involve managing huge inventories that comprises numerous transactions among various suppliers and retailers. Thus, understanding these dynamics of this industry we at Meru Accounting use an array of accounting software that makes inventory management easy and hassle-free and our clients can focus on their business with no worry.
Managing cash and their inflow is very essential and a priority for any industry. So, cash flow is must to run a business and to maintain its financial stability. Understanding this need, we at Meru Accounting provide our clients with effective cash management and cash flow management so they can grow with no hassle.
We understand the importance of payables and receivables, as we know that it can affect the cash flow of a company. That’s why we also provide the services of account payables and receivables management apart from the bookkeeping services.
The wholesale industry is widely affected by different rules and regulations as the suppliers and purchasers can be from any industry.
Thus it’s very important to be aware about the nitty-gritty of various sectors as well. We have experience in dealing with changing dynamics of this industry and thus we provide our wholesalers clients with impeccable services which at the end help their business to grow, as we believe that their growth is our growth.
Benefits Of Outsourcing Accounting And Bookkeeping Services:
It eliminates the need for investing in accounting software and infrastructure. Outsourcing provides a cost-effective solution while ensuring high-quality financial management.
By outsourcing accounting and bookkeeping, businesses can access the expertise of trained professionals without incurring the overhead costs associated with maintaining an in-house team. This allows businesses to allocate resources more efficiently and focus on core competencies.
How Meru Accounting Specializes In WholeSale Industry?
- Industry Knowledge: Meru Accounting has extensive knowledge of the wholesale industry, including its specific accounting practices, regulatory requirements, and financial dynamics. This expertise allows them to provide targeted and industry-specific advice and support to wholesale businesses.
- Inventory Management: Wholesale businesses often deal with large volumes of inventory, which can be complex to manage. Meru Accounting understands the intricacies of inventory management in the wholesale sector and offers solutions to optimize inventory tracking, valuation, and cost management. We can assist in implementing inventory management systems and provide valuable insights to improve efficiency and reduce costs.
- Pricing Structures: Wholesale businesses often have intricate pricing structures that involve various factors such as bulk discounts, volume-based pricing, and special promotions. Meru Accounting specializes in helping wholesale businesses develop and analyze pricing models, ensuring accurate pricing calculations, and assisting in monitoring pricing strategies' effectiveness.
- Cost Analysis: Understanding and managing costs is crucial for wholesale businesses to maintain profitability. Meru Accounting assists wholesale businesses in analyzing their cost structures, identifying cost drivers, and implementing cost-saving measures. We provide insights into overhead costs, transportation expenses, and operational inefficiencies, enabling businesses to make informed decisions to improve cost management.
- Financial Reporting: Meru Accounting offers comprehensive financial reporting services tailored to the wholesale industry. We can generate accurate and detailed financial statements, including income statements, balance sheets, and cash flow statements. These reports provide valuable insights into a business's financial health, allowing for effective decision-making and facilitating compliance with accounting standards.
- Technology Integration: Meru Accounting understands the importance of leveraging technology to streamline accounting processes in the wholesale industry. We specialize in integrating accounting software with other business systems such as inventory management, customer relationship management (CRM), and order management systems. This integration ensures seamless data flow, reduces manual data entry, and enhances overall operational efficiency.
- Compliance and Taxation: Wholesale businesses face specific compliance requirements and tax regulations. Meru Accounting stays up-to-date with the latest changes in tax laws and accounting standards relevant to the wholesale industry. We ensure compliance with tax filing deadlines, assist with VAT and other tax obligations, and provide guidance on tax planning strategies to optimize tax efficiency.
Conclusion
In the fast-paced and competitive wholesale industry, effective accounting and bookkeeping practices are crucial for financial stability and success. Outsourcing these services to a trusted partner like Meru Accounting brings numerous benefits, including cost savings, expertise, and scalability.
With their specialized knowledge and experience in the wholesale sector, Meru Accounting can provide tailored solutions to meet the unique needs of wholesale businesses in the UK. By embracing technological advancements and leveraging the expertise of Meru Accounting, wholesale companies can streamline their financial operations, make informed decisions, and gain a competitive edge.
Trusting Meru Accounting with your accounting and bookkeeping needs allows you to focus on your core competencies and drive sustainable growth in the dynamic wholesale industry.
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
