Nottingham & Sutton-in-Ashfield: 0115 940 2015 - Email enquiries@rumsby.com

How to gain the most from your accounting records

Reducing the time needed in your accounts preparation.

The team at DK Rumsby can help businesses in the Nottingham area to get the most from their accounting records...

How to reduce the time taken in accounts preparation

  • File your invoices and correspondence in order
  • Record and analyse all your cash, credit card and bank transactions
  • Reconcile your books with your bank and credit card statements
  • Reconcile PAYE, NIC, and VAT account balances with amounts due to HM Revenue & Customs
  • List and total your year end creditors
  • List and total your year end debtors
  • List your fixed asset additions and disposals made during the year
  • List and total your year end stock and work in progress
  • Keep backups of your computer records
  • Reconcile your principal control accounts including sales, purchases and bank accounts

Are your records accurate and reliable?

Ensure that:

  • All income is recorded and banked promptly
  • All recorded expenses are authorised and valid
  • All recorded debts are recoverable
  • All your liabilities are identified and recorded when they are incurred

Do your records give you adequate information for taking management decisions?

You should know:

  • The return you are obtaining from your investment in the business
  • Whether you will be able to meet your liabilities as and when they are due
  • The extent to which you could attract or increase outside finance
  • Your fast and slow moving stock lines
  • The levels of gross profit from your product lines
  • The extent to which additional working capital will be required to finance an expansion in trade

Could your accounting systems be improved?

Does the structure of your business minimise our accounting work? It may be more effective and cheaper to structure an expanding business as a company with branches or divisions rather than as a group of separate companies.

Do you discuss with us the other financial services we are qualified to provide?

We can help you plan your tax affairs in the most tax efficient way when you:

  • Invest in your business
  • Sell your business, land, or property
  • Enter into pension planning
  • Organise your estate for inheritance tax planning

If you are a business in the Nottingham area and would like help with getting the most from your accounting records, contact DK Rumsby today.

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Services for business

Minimise your taxes and relieve you of the administrative burden

Here at DK Rumsby, we provide businesses of various sizes and types with unique, tailored accounting and taxation services.

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Services for individuals

We have a large core of personal tax clients

DK Rumsby provide individuals with comprehensive accounting and taxation services.

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Specialist Services

We offer specialist advisory and support services to many businesses

Our highly-qualified team cater for businesses in a variety of specialist sectors and divisions.

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© 2025 DK Rumsby & Co Ltd. All rights reserved.

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Registered in England & Wales Company No. 3941558
Registered Address: Sutton-in-Ashfield
VAT Registration No. 118 7566 46

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Please call:
Nottingham & Sutton-in-Ashfield - 0115 940 2015

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Nottingham Office
3 Colwick Quays Business Park, Colwick, Nottingham, Colwick, Nottingham NG4 2JY

Sutton-in-Ashfield Office
66 Outram Street, Sutton-in-Ashfield, Nottinghamshire NG17 4FS