Finance

​Accurate, current, financial data is vital for every business. Book-keeping records and financial data are used to analyse the history of business transactions and to plan for the future. They are key to decision making. 

Bookkeeping

Many small businesses see book-keeping as a paper-pushing exercise and regulatory burden rather than being of benefit. Often when stretched for time book-keeping is the first thing to be put to one side.  Keeping on top of things is the key to business survival and it doesn’t have to be complicated. Simple book-keeping can be done very successfully by way of a simple spreadsheet. We can also use most mainstream accounting packages for greater volumes of transactions including Sage, Quickbooks and MYOB, and online packages such as Xero, FreeAgent, Sage One and Kashflow.
 
To look after your accounts we just need to agree with you how you would like your books managed, have remote access to your bank account and access to your cloud-based accounts package, or we can recommend a package for you. You can then pass us your expense receipts and we will do the rest. Your receipts and invoices can be sent to us periodically by post, in person or electronically and we will input all the information into your preferred system. We make sure all your paper records are in order, to ensure the year-end process for your accountant or auditor is efficient (we can also provide a seamless offering by working with our partner auditors) and this in turn helps with the returns going to the Inland Revenue Department.
 
Don’t worry if you’ve currently got a backlog of papers (a shoe box of receipts) – quite often when clients first come to us they’ll arrive with a large pile of unsorted paperwork that needs attention. We love the challenge of turning chaos into well-ordered files of useful information.
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Invoicing and Credit Control

Cash is king as they say in business and we look forward to supporting our clients by helping to manage invoicing and credit control systems. If you’d prefer not to have to worry about any of the sales paperwork, we can do it for you. We’ll prepare and issue your sales invoices in a timely fashion, making sure they include the right information and get to the right person for approval to ensure the best possible turnaround time for payment.
 
We can also take care of chasing your outstanding invoices. We will agree with you a set of procedures to work to and then keep an eye on payments due in. We’ll politely yet firmly chase those which are due, keeping records of all phone conversations and statements sent out, and manage the banking on a regular basis.
 
T8 Consulting can effectively become your entire accounts department, an extension of your office. At T8 Consulting we are not just excellent bean-counters, we’re also business owners ourselves, which means we have experience of the many issues affecting small businesses.

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Audit & Filings

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