Tax Preparation in Birmingham, West Midlands, UK

Using of the R R Accountants accounting firms that are available is a great way to ensure your business is protected and that you have peace of mind. Face it, your business is probably one of the most important things in your life and there is a good Chan

ü  Should you do your own taxes and bookkeeping or should you hire a quality rraccountants.co.uk accountant? This is a question that many people will ask themselves this year and really the answer depends on your specific needs, but at some point you should probably.

ü  There are many accounting services R R Accountants offers and this is a good and a bad thing. It’s good because you have a lot of variety and your choices are very wide open. It is bad though, because you need to be sure you are getting a professional.

ü  When it comes to tax preparation R R Accountants residents often feel a lot of anxiety. This is for good reason as you need to carefully go line by line and make sure that you are executing your tax preparation the right way. Why not hire a pro?

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ü  There are R R Accountants accounting firms that you can choose from in order to keep your book straight. While you may think that you have your bookkeeping under control, do you really?

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Using R R Accountants Accounting Firms

ü  Your R R Accountants accountant is more times than not, going to be the unsung hero of your business. That’s because they will likely catch a whole slew of things come tax time that could wind up saving you a bundle. However, sometimes, your R R Accountants accountant

ü  While it may not be hard to find an R R Accountants accountant, finding one with the experience and the knowledge that we posses is not such an easy task. Our staff of CPAs and bookkeepers boasts some of the most impressive resumes in the industry. 

Learn - A Better Bookkeeping Service Part - 1

Introduction to double-entry bookkeeping

The first thing to appreciate is that many people first encounter 'debits' and 'credits' by having a bank account; but these terms are used from the bank's perspective and not from that of the account holder. So, when you pay money into your account, you are in fact lending your money to the bank and they say 'you are in credit'.  The bank has a creditor - you - to whom they owe some money.  But from your perspective, you have a debtor - the bank - who owes you money. The bank has a liability (a creditor, a debt)

and therefore you, the account holder, have an asset (a debtor). In other words, to say

 'I am in credit' when you have some money in your account, is technically incorrect in bookkeeping terms.

This is because the language of double-entry bookkeeping is spoken in the 'first person' for whom the records are being maintained, and not the bank's.  So, if a business has some money in its bank account, it is not 'in credit'; rather, as we have seen, it has an asset which is a debit balance.  So the business is in fact 'in debit' with the bank.

 The double-entry bookkeeping system in universally credited to Luca Pacioli (http://en.wikipedia.org/wiki/Luca_Pacioli) 

who in 1494 published the book "Summa de Arithmetica, Geometria, Proportioni et Proportionalità" containing a 27-page treatise on bookkeeping.  However, perhaps the earliest evidence of Double-entry bookkeeping is found in the "Farolfi ledger" of 1299-1300. 

Business transactions were recorded using this method by early traders because it was a reliable means of easuring profits and recording cash owed from customers and to suppliers.  The 'books of ccount' (books) of a trader consisted of separate pages for each account, bound together in 'ledgers'.  Typically, there was a 'sales ledger'; recording sales to and monies received from customers (and therefore a means of establishing balances owed from them), and a 'purchase ledger'; recording purchases and monies paid to suppliers (and therefore a means of establishing balances owing to them). All the other pages required to record expenses and balances for bank, stock and assets used in the business were grouped into a third book, called the 'general ledger' (or 'nominal ledger').  Each of the pages in these 3 ledgers would have a separate debit and credit column to record the

transactions, as each occurred. The mantra of 'every debit has an opposing credit' is

central to double-entry bookkeeping. 

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R R Accountants - Accounting Services in Birmingham Yardley, DUDLEY and StratFord

R R Accounting & Bookkeeping Services from VAT returns to Self Assessment in Birmingham, Yardley, DUDLEY and StratFord, we can help. With us taking on your companies' accounts, you can concentrate on building and running your business without worrying about your bookkeeping and taxation responsibilities.

Our service is flexible and friendly, providing honest and frank advice and providing a reliable hand on your accounts. Among the services R R Accountants LTD Accounting, Bookkeeping services in Birmingham, Self Assessment and Payroll Services can offer;

Taxation advice

ATAnnual returns

Payroll Bookkeeping Sage accounting

Personal taxation

Business start ups

Self assessment and more.

Call us 0121 766 5477 today to find out more about our services or to book your free initial consultation. You can call us on the local number above or either of our two other numbers

01217 712 122 

01384 230 706

Alternatively you can email using the form on our 'Contact Us' page. We look forward to hearing from you.

You're looking for Accountants in Birmingham, Yardley, DUDLEY, StratFord to help you with your accounts or bookkeeping, call R R Accountants LTD. Our dedicated and highly trained teams have the knowledge and experience to take on any accountancy problem. We are happy to work with clients across Birmingham, whether you're a small business, partnership, sole trader or a limited company. With our expertise working for you, you can rest assured that your accounts are in safe hands.